Pembina Pipeline Co. (TSE:PPL) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Pembina Pipeline has a consensus “Moderate Buy” rating from 13 analysts: seven recommend buying, two strongly recommend buying, and four rate it a hold. The average one-year price target is C$70.50.
• Recent analyst views were mixed: CIBC and Scotiabank downgraded the stock to hold, while Raymond James and ATB Cormark maintained outperform ratings and raised their price targets.
• Pembina reported quarterly EPS of C$0.77 and revenue of C$2.18 billion; shares opened at C$69.50 in the session cited.

Shares of Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA have been given a consensus recommendation of "Moderate Buy" by the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$70.50.

A number of research analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce lowered shares of 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. Scotiabank lowered shares of Pembina Pipeline from a "sector outperform" rating to a "hold" rating and increased their price objective for the company from C$69.00 to C$73.00 in a research note on Tuesday, July 21st. Raymond James Financial increased their price objective on shares of Pembina Pipeline from C$75.00 to C$76.00 and gave the company an "outperform" rating in a research note on Monday. ATB Cormark Capital Markets lifted their target price on shares of Pembina Pipeline from C$77.00 to C$79.00 and gave the stock an "outperform" rating in a research report on Friday, October 23rd. Finally, BMO Capital Markets boosted their target price on Pembina Pipeline from C$68.00 to C$72.00 and gave the stock a "market perform" rating in a research note on Friday, July 31st.

Pembina Pipeline Price Performance

Shares of TSE:PPL opened at C$69.50 on Wednesday. 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 stock's fifty day simple moving average is C$67.52 and its two-hundred day simple moving average is C$64.91. Pembina Pipeline has a 1-year low of C$50.15 and a 1-year high of C$72.72. The stock has a market cap of C$40.42 billion, a PE ratio of 24.47, a price-to-earnings-growth 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 (EPS) for the quarter. Pembina Pipeline had a net margin of 22.64% and a return on equity of 10.54%. The firm had revenue of C$2.18 billion during the quarter. As a group, analysts forecast that Pembina Pipeline will post 3.44 EPS 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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