Canadian Imperial Bank of Commerce Boosts Pembina Pipeline (TSE:PPL) Price Target to C$73.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target boosted by analysts at Canadian Imperial Bank of Commerce from C$72.00 to C$73.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s price objective would indicate a potential upside of 9.40% from the company’s current price.

A number of other equities analysts also recently commented on the stock. BMO Capital Markets raised their target price on shares of Pembina Pipeline from C$60.00 to C$63.00 in a research note on Wednesday, April 8th. TD upgraded Pembina Pipeline from a “hold” rating to a “buy” rating and increased their price target for the company from C$65.00 to C$75.00 in a report on Tuesday, May 26th. JPMorgan Chase & Co. raised their price objective on Pembina Pipeline from C$64.00 to C$67.00 in a research report on Friday, May 15th. ATB Cormark Capital Markets boosted their price objective on Pembina Pipeline from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, TD Securities raised Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$66.57.

Pembina Pipeline Trading Up 1.4%

Shares of TSE:PPL traded up C$0.91 during trading on Friday, reaching C$66.73. 351,336 shares of the stock were exchanged, compared to its average volume of 2,601,525. The firm’s 50-day moving average price is C$65.31 and its 200 day moving average price is C$60.27. The firm has a market cap of C$38.80 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 1.58 and a beta of 0.28. Pembina Pipeline has a 12-month low of C$48.74 and a 12-month high of C$69.42. The company has a debt-to-equity ratio of 82.35, a quick ratio of 0.50 and a current ratio of 0.83.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.81 EPS for the quarter. The firm had revenue of C$2.11 billion for the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. On average, sell-side analysts anticipate that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal 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.