Pembina Pipeline (TSE:PPL) Given New C$76.00 Price Target at Raymond James Financial

Key Points

• Raymond James raised Pembina Pipeline’s price target to C$76 from C$75 and maintained an “outperform” rating, implying 11.13% upside from the price cited in the report.
• Analyst views are mixed but lean positive: MarketBeat reports a “Moderate Buy” consensus from two Strong Buy, seven Buy and four Hold ratings, with a C$70.50 average target.
• Pembina reported quarterly EPS of C$0.77 and revenue of C$2.18 billion; its shares traded at C$68.39 on Monday.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA had its price objective lifted by Raymond James Financial from C$75.00 to C$76.00 in a note issued to investors on Monday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. Raymond James Financial's price objective would suggest a potential upside of 11.13% from the company's current price.

Several other equities research analysts have also weighed in on PPL. TD upped their price objective on Pembina Pipeline from C$79.00 to C$80.00 and gave the company a "buy" rating in a research note on Monday, November 2nd. BMO Capital Markets boosted their price target on Pembina Pipeline from C$68.00 to C$72.00 and gave the company a "market perform" rating in a research note on Friday, July 31st. Canadian Imperial Bank of Commerce cut Pembina Pipeline from an "outperformer" rating to a "hold" rating and set a C$71.00 price target on the stock. in a research report on Thursday, October 22nd. ATB Cormark Capital Markets increased their price objective on Pembina Pipeline from C$77.00 to C$79.00 and gave the stock an "outperform" rating in a research note on Friday, October 23rd. Finally, Barclays lifted their price objective on Pembina Pipeline from C$69.00 to C$70.00 and gave the company an "overweight" rating in a report on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$70.50.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock traded up C$0.23 during trading on Monday, hitting C$68.39. 654,403 shares of the company's stock traded hands, compared to its average volume of 2,436,063. The company has a debt-to-equity ratio of 80.92, a current ratio of 0.62 and a quick ratio of 0.50. The firm's fifty day moving average price is C$67.43 and its 200 day moving average price is C$64.77. Pembina Pipeline has a twelve month low of C$50.15 and a twelve month high of C$72.72. The company has a market cap of C$39.77 billion, a PE ratio of 24.08, a PEG ratio of 1.58 and a beta of 0.42.

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

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