Pembina Pipeline (TSE:PPL) Price Target Raised to C$66.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price upped by stock analysts at Canadian Imperial Bank of Commerce from C$64.00 to C$66.00 in a research report issued on Wednesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target suggests a potential upside of 8.14% from the company’s current price.

Other research analysts have also issued reports about the company. Jefferies Financial Group upped their price target on Pembina Pipeline from C$53.00 to C$57.00 in a research report on Wednesday, February 4th. Raymond James Financial upped their price target on Pembina Pipeline from C$66.00 to C$67.00 in a research report on Tuesday, December 16th. BMO Capital Markets upped their price target on Pembina Pipeline from C$60.00 to C$63.00 in a research report on Wednesday. TD Securities upped their price target on Pembina Pipeline from C$62.00 to C$63.00 and gave the company a “hold” rating in a research report on Friday, February 27th. Finally, Barclays upped their price target on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Hold” and an average target price of C$62.09.

Pembina Pipeline Trading Down 1.6%

Shares of Pembina Pipeline stock traded down C$1.00 on Wednesday, reaching C$61.03. 1,200,440 shares of the company were exchanged, compared to its average volume of 2,627,347. The stock has a fifty day moving average price of C$60.26 and a 200-day moving average price of C$55.99. The firm has a market capitalization of C$35.47 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 1.58 and a beta of 0.36. The company has a current ratio of 0.61, a quick ratio of 0.50 and a debt-to-equity ratio of 82.58. Pembina Pipeline has a fifty-two week low of C$48.35 and a fifty-two week high of C$64.27.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Thursday, February 26th. The company reported C$0.78 earnings per share (EPS) for the quarter. The company had revenue of C$1.91 billion for the quarter. Pembina Pipeline had a return on equity of 9.91% and a net margin of 21.66%. On average, analysts expect that Pembina Pipeline will post 3.439908 EPS for the current year.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.