Raymond James Financial Issues Positive Forecast for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective hoisted by investment analysts at Raymond James Financial from C$66.00 to C$67.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Raymond James Financial’s target price would indicate a potential upside of 31.35% from the company’s current price.

Several other analysts have also recently weighed in on PPL. CIBC lifted their price objective on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Royal Bank Of Canada set a C$62.00 price target on shares of Pembina Pipeline and gave the company an “outperform” rating in a research report on Thursday, August 28th. TD Securities cut their price target on Pembina Pipeline from C$65.00 to C$60.00 in a research note on Tuesday. Finally, Jefferies Financial Group raised their price objective on Pembina Pipeline from C$53.00 to C$54.00 and gave the stock a “hold” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average price target of C$58.27.

Pembina Pipeline Stock Performance

TSE:PPL traded down C$1.99 during mid-day trading on Tuesday, hitting C$51.01. 2,214,579 shares of the stock were exchanged, compared to its average volume of 3,296,676. The firm’s 50-day simple moving average is C$53.83 and its 200 day simple moving average is C$52.66. The stock has a market capitalization of C$29.63 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 1.58 and a beta of 0.60. Pembina Pipeline has a fifty-two week low of C$48.35 and a fifty-two week high of C$59.20. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.43 earnings per share for the quarter. The firm had revenue of C$1.79 billion for the quarter. Pembina Pipeline had a return on equity of 12.06% and a net margin of 25.73%. As a group, equities analysts anticipate that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

About Pembina Pipeline

Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms’ assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.