Key Takeaways:
- Enbridge and MPLX partnership with I Squared Capital targets a major stake in the Matterhorn Express pipeline.
- Analysts set Enbridge's one-year price target at an average of $44.45, indicating a modest potential upside.
- GuruFocus estimates forecast a potential 9.94% downside based on GF Value metrics.
Enbridge (ENB) and MPLX have teamed up with I Squared Capital to acquire a notable equity hold in the Matterhorn Express natural gas pipeline. This strategic move could place Matterhorn's valuation at over $5 billion. Following this significant transaction, MXP HoldCo claims a 65% ownership, while Enbridge maintains a 10% stake, underscoring its strategic involvement in the venture.
Wall Street Analysts Forecast
Wall Street analysts, with insights from eight experts, have set Enbridge Inc's (ENB, Financial) average one-year price target at $44.45. This projection encompasses a high estimate of $47.96 and a low of $39.37, hinting at an upside potential of 0.22% from the current market price of $44.35. For investors seeking more comprehensive data, additional estimates are available on the Enbridge Inc (ENB) Forecast page.
Examining consensus from 14 brokerage firms, Enbridge Inc's (ENB, Financial) brokerage recommendation stands at an average of 2.6, suggesting a "Hold" stance. This recommendation scale spans from 1, indicating a Strong Buy, to 5, denoting a Sell.
Investment Forecast and GF Value Analysis
Through the lens of GuruFocus estimates, the projected GF Value for Enbridge Inc (ENB, Financial) over the next year is $39.94. This suggests a downside risk of 9.94% from the prevailing price of $44.35. The GF Value is a critical measure that represents an estimate of the fair trading value, determined by historical trading multiples, past business growth, and future performance expectations. To delve deeper into Enbridge's financials and market positioning, visit the Enbridge Inc (ENB) Summary page.
