Analysts Have Mixed Ratings On Cisco Systems, Inc. (CSCO), Enbridge Inc. (ENB)

    The shares of Cisco Systems, Inc. (NASDAQ:CSCO) has been pegged with a rating of Outperform by RBC Capital Mkts in its latest research note that was published on August 15th, 2019. The research company has also assigned a $53 price target. RBC Capital Mkts wasn’t the only research firm that published a report of Cisco Systems, Inc., with other equities research analysts also giving their opinion on the stock. Barclays advised investors in its research note published on August 8th, 2019, to Equal Weight the CSCO stock while also putting a $52 price target. The stock had earned Mkt Perform rating from William Blair when it published its report on June 12th, 2019. The stock was given Equal-Weight rating by Morgan Stanley in its report released on February 12th, 2019, the day when the price target on the stock was placed at $49. Nomura was of a view that CSCO is Neutral in its latest report on December 14th, 2018. Piper Jaffray thinks that CSCO is worth Overweight rating. This was contained in the firm’s report on October 1st, 2018 in which the stock’s price target was also moved to $53.

    The consensus currently stands at a Hold while its average price target is $58.91. The price of the stock the last time has raised by 17.57% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 38.43.

    The shares of the company added by 1.76% during the trading session on Thursday, reaching a low of $46.89 while ending the day at $47.32. During the trading session, a total of 13.71 million shares were traded which represents a 35.52% incline from the average session volume which is 21.26M shares. CSCO had ended its last session trading at 46.50. Cisco Systems, Inc. currently has a market cap of $204.55B, while its P/E ratio stands at 16.86, while its P/E earnings growth sits at 3.94, with a beta of 1.25. Cisco Systems, Inc. debt-to-equity ratio currently stands at 0.64, while its quick ratio hovers at 1.60. CSCO 52-week low price stands at $40.25 while its 52-week high price is $58.26.

    Investment analysts at Goldman published a research note on July 19th, 2019 where it informed investors and clients that Enbridge Inc. (NYSE:ENB) is now rated as Neutral. Barclays also rated ENB as Initiated on August 8th, 2019, with its price target of $35 suggesting that ENB could surge by 25.25% from its current share price. Even though the stock has been trading at $33.47/share, analysts expect it to surge higher by 0.57% to reach $45.03/share. It started the day trading at $34.01 and traded between $33.63 and $33.66 throughout the trading session.

    A look at its technical shows that ENB’s 50-day SMA is 34.48 while its 200-day SMA stands at 35.15. The stock has a high of $38.04 for the year while the low is $28.82. The company’s P/E ratio currently sits at 19.08, while the P/B ratio is 1.46. At the moment, only of Enbridge Inc. shares were sold short. The company’s average trading volume currently stands at 3.21M shares, which means that the short-interest ratio is just 6.13 days. Over the past seven days, the company moved, with its shift of 2.31%. Looking further, the stock has dropped -5.37% over the past 90 days while it lost -6.68% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Capital Research Management Co sold more ENB shares, decreasing its portfolio by -2.14% during the last quarter. This move now sees Capital Research Management Co selling -2,566,384 shares in the last quarter, thus it now holds 117,366,855 shares of ENB, with a total valuation of $3,918,879,288. RBC Global Asset Management Inc meanwhile bought more ENB shares in the recently filed quarter, changing its stake to $3,612,982,246 worth of shares. Capital Research Management Co followed the path by decreasing its ENB portfolio by -36.85% in the quarter. This means that Capital Research Management Co sold -35,535,133 shares in the last quarter and now controls 60,898,006 shares of the ENB stock, with the valuation hitting $2,033,384,420.

    Similarly, TD Asset Management Inc decreased its Enbridge Inc. shares by -3.77% during the recently filed quarter. After selling -1,732,510 shares in the last quarter, the firm now controls 44,175,562 shares of Enbridge Inc. which are valued at $1,475,022,015. In the same vein, BMO Asset Management Inc increased its Enbridge Inc. shares by during the most recent reported quarter. The firm bought 4,506,906 shares during the quarter which increased its stakes to 42,055,936 shares and is now valued at $1,404,247,703. Following these latest developments, around 9.20% of Enbridge Inc. stocks are owned by institutional investors and hedge funds.