Red Robin: Surprise Surprise Enbridge Inc. (ENB), Colgate-Palmolive Company (CL)?

Enbridge Inc. (NYSE:ENB) average daily volatility for this week is 2.1% which is more than the 1.63% recorded over the past month. Its shares dropped by -5.36% or -$2.02 from its last recorded high of $37.69 which it attained on June 02 to close at $35.67 per share. Over the past 52 weeks, the shares of Enbridge Inc. has been trading as low as $28.82 before witnessing a massive surge by 23.77% or $6.85. This price movement has led to the ENB stock receiving more attention and has become one to watch out for. It dipped by -1.74% on Tuesday and this got the market worried. The stock’s beta now stands at 0.69 and when compared to its 200-day moving average and its 50-day moving average, ENB price stands 6.8% above and 5.71% above respectively.

Enbridge Inc. (ENB) sank -5.21% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 4.85% and is now up by 14.77% since start of this year. A look at its monthly performance shows that the stock has recorded a 3.27% gain over the past 30 days. Its equity price climbed by 8.42% over the past three months which led to its overall six-month decrease to stand at -0.59%.

Experts from research firms are bullish about the near-term performance of Enbridge Inc. with most of them predicting a $41.66 price target on a short-term (12 months) basis. The average price target by the analysts will see a 16.79% rise in the stock and would lead to ENB’s market cap to surge to $86.65B. The stock has been rated an average 2.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 10 analysts that track Enbridge Inc. (NYSE:ENB) and find out that 0 of them rated it as a Hold. 10 of the 10 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at ENB technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 50.65 point. Its trading volume has lost -91352 shares compared to readings over the past three months as it recently exchanged 5268648 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 5360000 shares, and this is 0.98 times the normal volume.

Analysts have predicted a price target for Colgate-Palmolive Company (CL) for 1 year and it stands at an average $62.76/share. This means that it would likely increase by -4.94% from its current position. The current price of the stock has been moving between $65.48 and $66.48. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $51. On the other hand, one analyst is super bullish about the price, setting a target as high as $73.

The CL stock Stochastic Oscillator (%D) is at 94.51%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 3.69 which compares to the 8.42 recorded by the industry or the 6.08 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 21.83, which is lower than the 23.24 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 0.1% over the past five years.

Analysts view Colgate-Palmolive Company (NYSE:CL) as a Hold, with 2.7 consensus rating. Reuters surveyed 22 analysts that follow CL and found that 14 of those analysts rated the stock as a Hold. The remaining 8 were divided, with 6 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Colgate-Palmolive Company (CL) shares or sell it if they already own it.