Pembina Pipeline (TSE:PPL) Price Target Raised to C$62.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective raised by Barclays from C$57.00 to C$62.00 in a report published on Monday,BayStreet.CA reports.

Several other brokerages have also recently weighed in on PPL. National Bank Financial boosted their price objective on Pembina Pipeline from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. BMO Capital Markets cut shares of Pembina Pipeline from an “outperform” rating to a “hold” rating and lifted their price target for the stock from C$58.00 to C$60.00 in a research report on Friday, February 27th. TD Securities increased their price objective on shares of Pembina Pipeline from C$62.00 to C$63.00 and gave the company a “hold” rating in a report on Friday, February 27th. Canadian Imperial Bank of Commerce raised their price objective on shares of Pembina Pipeline from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Finally, ATB Cormark Capital Markets set a C$61.00 target price on shares of Pembina Pipeline and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$61.00.

Pembina Pipeline Stock Down 0.0%

TSE:PPL opened at C$60.76 on Monday. The company has a market cap of C$35.30 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 1.58 and a beta of 0.62. The company has a debt-to-equity ratio of 82.58, a quick ratio of 0.50 and a current ratio of 0.61. The stock’s fifty day moving average price is C$56.10 and its two-hundred day moving average price is C$54.49. Pembina Pipeline has a 52-week low of C$48.35 and a 52-week high of C$61.81.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its earnings results on Thursday, February 26th. The company reported C$0.78 EPS for the quarter. Pembina Pipeline had a return on equity of 9.91% and a net margin of 21.66%.The company had revenue of C$1.91 billion during the quarter. On average, analysts anticipate 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.