National Bank Financial Issues Positive Forecast for Pembina Pipeline (TSE:PPL) Stock Price

Key Points

• National Bank Financial raised Pembina Pipeline’s price target from C$73 to C$74 and maintained an “outperform” rating, implying about 8.2% upside from the current share price.
• Analyst views are mixed, but MarketBeat’s consensus rating is “Moderate Buy,” with an average target price of C$70.50; ratings include two Strong Buys, seven Buys, and four Holds.
• Pembina reported quarterly EPS of C$0.77 and revenue of C$2.18 billion. Its shares recently traded at C$68.39.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA had its price target lifted by National Bank Financial from C$73.00 to C$74.00 in a research report issued on Monday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's target price suggests a potential upside of 8.20% from the company's current price.

Several other equities research analysts also recently weighed in on PPL. Canadian Imperial Bank of Commerce downgraded shares of Pembina Pipeline from an "outperformer" rating to a "hold" rating and set a C$71.00 target price on the stock. in a research note on Thursday, October 22nd. Scotiabank cut shares of Pembina Pipeline from a "sector outperform" rating to a "hold" rating and lifted their price target for the stock from C$69.00 to C$73.00 in a research note on Tuesday, July 21st. Wells Fargo & Company upgraded shares of Pembina Pipeline from a "strong sell" rating to a "strong-buy" rating in a report on Monday, July 13th. TD increased their price objective on shares of Pembina Pipeline from C$79.00 to C$80.00 and gave the stock a "buy" rating in a research report on Monday, November 2nd. Finally, ATB Cormark Capital Markets boosted their target price on Pembina Pipeline from C$77.00 to C$79.00 and gave the company an "outperform" rating in a research report on Friday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Pembina Pipeline presently has an average rating of "Moderate Buy" and an average target price of C$70.50.

Pembina Pipeline Price Performance

Shares of PPL stock traded up C$0.23 on Monday, reaching C$68.39. The company's stock had a trading volume of 654,403 shares, compared to its average volume of 2,436,063. The stock's fifty day simple moving average is C$67.43 and its 200-day simple moving average is C$64.77. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 80.92. The company has a market capitalization of C$39.77 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42. Pembina Pipeline has a 1 year low of C$50.15 and a 1 year high of C$72.72.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last released its quarterly earnings results on Thursday, November 5th. The company reported C$0.77 EPS for the quarter. The company had revenue of C$2.18 billion during the quarter. Pembina Pipeline had a return on equity of 10.54% and a net margin of 22.64%. Analysts forecast that Pembina Pipeline will post 3.44 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.

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