BMO Capital Markets Boosts Pembina Pipeline (TSE:PPL) Price Target to C$63.00

Key Points

• BMO Capital Markets raised its price target on Pembina Pipeline from C$60.00 to C$63.00, implying roughly a 3.23% upside from the stock's current level.
• Multiple other firms have recently lifted targets (e.g., ATB Cormark to C$64, Barclays to C$62, Raymond James to C$67), but the stock's consensus rating remains "Hold" with a consensus target of C$62.09.
• PPL traded at C$61.03 with a market cap of C$35.47 billion and a P/E of 22.94; the company reported C$0.78 EPS on C$1.91 billion revenue last quarter, with a net margin of 21.66%.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA had its price target raised by equities research analysts at BMO Capital Markets from C$60.00 to C$63.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets' price objective would suggest a potential upside of 3.23% from the stock's current price.

A number of other research firms have also recently issued reports on PPL. Barclays upped their price objective on shares of Pembina Pipeline from C$57.00 to C$62.00 in a research report on Monday, March 2nd. ATB Cormark Capital Markets upped their price objective on shares of Pembina Pipeline from C$61.00 to C$64.00 and gave the stock an "outperform" rating in a research report on Monday, March 2nd. Jefferies Financial Group upped their price objective on shares of Pembina Pipeline from C$53.00 to C$57.00 in a research report on Wednesday, February 4th. National Bank Financial boosted their target price on shares of Pembina Pipeline from C$60.00 to C$61.00 and gave the stock an "outperform" rating in a report on Monday, March 2nd. Finally, Raymond James Financial boosted their target price on shares of Pembina Pipeline from C$66.00 to C$67.00 in a report on Tuesday, December 16th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$62.09.

Pembina Pipeline Price Performance

PPL stock traded down C$1.00 during trading on Wednesday, reaching C$61.03. 1,200,440 shares of the company were exchanged, compared to its average volume of 2,627,347. The company has a 50-day moving average of C$60.26 and a two-hundred day moving average of C$55.99. The company has a market capitalization of C$35.47 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 1.58 and a beta of 0.36. Pembina Pipeline has a twelve month low of C$48.35 and a twelve month high of C$64.27. The company has a debt-to-equity ratio of 82.58, a current ratio of 0.61 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last released its quarterly earnings data on Thursday, February 26th. The company reported C$0.78 earnings per share (EPS) for the quarter. The business had revenue of C$1.91 billion during the quarter. Pembina Pipeline had a net margin of 21.66% and a return on equity of 9.91%. As a group, equities analysts predict that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

About Pembina Pipeline

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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