Pembina Pipeline (TSE:PPL) Price Target Raised to C$65.00

Key Points

• TD Securities raised its price target on Pembina Pipeline from C$63.00 to C$65.00 while keeping a "hold" rating, implying about a 6.5% upside from the current price.
• Multiple firms have also lifted targets recently; the analyst consensus is a "Hold" with an average price target of C$62.09 (6 Buy, 4 Hold, 1 Sell).
• PPL traded at C$61.03 mid-day with a market cap of C$35.47B and a PE of 22.94; last quarter EPS was C$0.78 and analysts project roughly C$3.44 EPS for the current fiscal year.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA had its price target increased by analysts at TD Securities from C$63.00 to C$65.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. TD Securities' target price indicates a potential upside of 6.50% from the stock's current price.

Several other research firms also recently issued reports on PPL. Royal Bank Of Canada boosted their price objective on shares of Pembina Pipeline from C$62.00 to C$64.00 and gave the stock an "outperform" rating in a research note on Monday, March 2nd. Jefferies Financial Group boosted their price objective on shares of Pembina Pipeline from C$53.00 to C$57.00 in a research note on Wednesday, February 4th. ATB Cormark Capital Markets boosted 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 note on Monday, March 2nd. National Bank Financial boosted their price objective on shares of Pembina Pipeline from C$61.00 to C$63.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Raymond James Financial boosted their price objective on shares of Pembina Pipeline from C$66.00 to C$67.00 in a research note on Tuesday, December 16th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of C$62.09.

Pembina Pipeline Price Performance

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

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last posted its quarterly earnings data on Thursday, February 26th. The company reported C$0.78 earnings per share 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 anticipate that Pembina Pipeline will post 3.439908 EPS 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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