Comparable Company Analysis: Enbridge Inc. (ENB), Eros International Plc (EROS)

You should consider shares of Enbridge Inc. (NYSE:ENB) and Eros International Plc (NYSE:EROS) if you are looking for a great stocks to invest in. Starting with the ENB shares, which traded at $37.97 at the close of the recent session, gaining 0.37%. On Tuesday, the company’s shares shed $0.14 from its value which represented in intraday trading. The stock is now 16.01% higher in year-to-date (YTD) trading. ENB’s intraday high was $38.01 while its lowest price touched $37.545. The stock’s 52-week high price is $38.77, which means the current price is at -2.06%. In terms of trading activity, the daily trading volume fell to 2534890 against 200-day average trading volume of 3,255,177 shares.

What are analyst forecasts for Enbridge Inc. (NYSE:ENB)?

At a consensus rating of 4.00, ENB is trending as a streaking Moderate Buy, as it has been the case a month ago when 11 analysts called it a Moderate Buy. Two months ago, 9 analysts recommended, on average, that ENB stock is a Moderate Buy. The Basic Materials company’s shares’ overall bullish trend saw it close higher on Tuesday compared to its opening price of $37.67 on the day.

Forecasts for Enbridge Inc. (NYSE:ENB) give the stock a fair value for the growth of 8.04% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $41.29, which means the price per share could rise by nearly $3.32. The price range target is between a low of $36.30 and a high of $48.94. The stock would need to gain by about $22.42 to hit the estimated high or 0.76% from its 12-month low.

The consensus among 21 analysts is that it is a good time for one to Overweight in the Enbridge Inc. 12 analysts rate ENB as a Buy, with 0 of 21 analysts rate it as a Sell. 2 have valued the stock as Overweight and 7 have recommended that investors Hold.

Enbridge Inc. (NYSE:ENB) Upgrades and Downgrades

In terms of rating changes, UBS on November 25, 2019, Upgrade Enbridge Inc. (ENB) at Buy. Analysts at Barclays have assigned a Equal Weight rating for the stock in their research note on October 15, 2019. Moreover, Goldman analysts issued a rating of Neutral for the stock on July 19, 2019. On July 02, 2019, the stock earned a Neutral rating due to an analyst call from BofA/Merrill, while analysts from Wolfe Research on June 13, 2019 suggested that the stock is Peer Perform.

Eros International Plc (NYSE:EROS) adds -$0.06 on Tuesday

The EROS stock has tanked -69.96% year-to-date and is currently trading at $2.49, which is -76.94% below its 52-week high. The company shares lost -2.35% on the day and have risen nearly 118.42% off a low hit. At current levels, Eros International Plc has a valuation of about $222.40M. As of 12/03/19, this stock has risen 9.21% during the week and closed at $2.55 in the previous session. However, recent Eros International Plc stock performance shows that EROS shares are 7.79% up over the last month, and 39.11% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are -$0.08, with the trailing 12-month share earnings at -$6.28. The ratio is expected to be down by -600.00% for the current year 2019 and 528.60% for next year. Over the next 5-year period, earnings per share will be 15.00%. But will the EROS stock surprise in the current quarter results, where the -$0.28 actual EPS reported on 9/29/2019 surprised by -500.00% or was lower by -$0.35 from the estimated $0.07.

Sales Growth to climb 10.00% for the year

How well will Eros International Plc perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $57.56M and $57.56M in current quarter sales. The consensus estimated for the current quarter is $57.56M from sales. Forecasts for this fiscal year are between $199.7M and $199.7M and the consensus estimate for sales is at $199.7M. EROS has its next quarter sales estimates at between $66.26M and $66.26M, with the quarter-over-quarter growth estimates at -5.00% and the annual growth forecast for the year at 10.00%.

Who owns shares in Eros International Plc (EROS)?

Let’s briefly focus on the share ownership of the Eros International Plc (NYSE:EROS) stock, where we find that 55.36% of shares are held by institutions. Paradice Investment Management, LLC tops the list of institutional owners as it is holding 6.05 million shares or 9.72% of shares outstanding. Capital World Investors and Shah Capital Management held 4.05 million and 3.74 million representing 6.50% and 6.01% respectively at the close of the last trading session. As of Sep 29, 2019, Blackrock Inc. accounted for 3.66 million shares at over 7.0 million. This represented 5.89% of shares outstanding. Temasek Holdings (Private) Limited held 2.76 million shares at over 5.26 million representing 4.43% of shares outstanding.