Pembina Pipeline (PPL) Stock Forecast & Price Target

C$59.07

+0.03 (+0.05%)

(As of 10/25/2024 ET)

Pembina Pipeline - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
5

Buy
7

Based on 12 Wall Street analysts who have issued ratings for Pembina Pipeline in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 5 have given a hold rating, and 7 have given a buy rating for PPL.

Consensus Price Target

C$58.29
-1.33% Downside

According to the 12 analysts' twelve-month price targets for Pembina Pipeline, the average price target is C$58.29. The highest price target for PPL is C$65.00, while the lowest price target for PPL is C$55.00. The average price target represents a forecasted downside of -1.33% from the current price of C$59.07.

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PPL Analyst Ratings Over Time

Type	Current Forecast 10/26/23 to 10/25/24	1 Month Ago 9/26/23 to 9/25/24	3 Months Ago 7/28/23 to 7/27/24	1 Year Ago 10/26/22 to 10/26/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$58.29	C$58.29	C$58.29	C$58.29
Forecasted Upside	-1.33% Downside	-1.33% Downside	-1.33% Downside	-1.33% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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PPL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PPL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Pembina Pipeline Stock vs. The Competition

Type	Pembina Pipeline	Energy Companies
Consensus Rating Score	2.58	2.79
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent PPL News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/11/2024	Raymond James 4 of 5 stars		Set Target	Outperform	C$63.00	+6.98%
10/3/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform	C$60.00 ➝ C$65.00	+13.50%
10/3/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Hold	C$60.00 ➝ C$62.00	+8.26%
9/11/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Gupta Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
9/5/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$56.00 ➝ C$58.00	+5.44%
8/28/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$53.00 ➝ C$56.00	+4.85%
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8/23/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$53.00 ➝ C$57.00	+5.91%
7/29/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$56.00 ➝ C$58.00	+10.25%
7/24/2024	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$56.00 ➝ C$58.00	+9.56%
7/15/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$59.00 ➝ C$60.00	+16.32%
7/5/2024	Tudor Pickering & Holt Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$55.00 ➝ C$56.00	+9.78%
5/19/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Hope Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Strong-Buy ➝ Sector Perform	C$55.00 ➝ C$56.00	+11.33%
5/14/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$53.00 ➝ C$56.00	+11.18%
4/19/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$55.00 ➝ C$56.00	+16.40%
3/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$52.00 ➝ C$55.00	+14.42%
8/16/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$52.00 ➝ C$51.00	+24.79%
4/20/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$52.00 ➝ C$49.00	+10.88%
3/29/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$55.00 ➝ C$53.00	+22.94%
12/9/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral	C$52.00	+12.14%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:05 AM ET.

Should I Buy Pembina Pipeline Stock? PPL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, October 16, 2024. Please send any questions or comments about these Pembina Pipeline pros and cons to contact@marketbeat.com.

Pembina Pipeline
Bull Case

Here are some ways that investors could benefit from investing in Pembina Pipeline Co.:

Pembina Pipeline Co. has a consistent track record of paying dividends, offering investors a reliable income stream. As of the ex-dividend date on September 16th, the company's annualized dividend yield was 4.96%, providing an attractive return for income-focused investors.
The company's stock price has been showing positive momentum, trading at C$55.69 on October 10th, which is higher than its 50-day and 200-day simple moving averages. This upward trend may indicate growing investor confidence in Pembina Pipeline Co.'s future prospects.
Analysts have set a 12-month price target of C$56.77 for Pembina Pipeline Co., suggesting potential upside from the current stock price. This target reflects positive sentiment from analysts regarding the company's valuation and growth potential.
Pembina Pipeline Co. operates in the energy transportation and midstream services sector, providing essential services for the energy industry. This sector can offer stability and long-term growth opportunities, especially with increasing energy demand globally.
The company's strong net margin of 20.60% and return on equity of 11.89% indicate efficient operations and effective utilization of shareholder equity, which can be appealing to investors seeking financially sound companies.

Pembina Pipeline
Bear Case

Investors should be bearish about investing in Pembina Pipeline Co. for these reasons:

Pembina Pipeline Co. recently reported earnings per share below analysts' consensus estimates, indicating potential challenges in meeting market expectations. This could lead to short-term volatility in the company's stock price as investors react to the earnings miss.
The company's revenue for the quarter was lower than the consensus estimate, suggesting possible revenue growth concerns. Revenue performance is a key indicator of a company's financial health and growth prospects, which could impact investor sentiment.
Insider selling activity by senior officers, such as J. Scott Burrows and Jaret Sprott, may raise concerns among investors about management's confidence in the company's future performance. Significant insider selling could signal potential internal concerns or lack of growth opportunities.
Pembina Pipeline Co.'s payout ratio of 84.66% indicates that a significant portion of the company's earnings is being distributed as dividends. While dividends are attractive, a high payout ratio may limit the company's ability to reinvest in growth initiatives or withstand economic downturns.
The company's debt-to-equity ratio of 77.50 is relatively high, which could pose risks in terms of financial leverage and interest rate sensitivity. High debt levels may increase the company's vulnerability to economic downturns or changes in borrowing costs.

PPL Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Pembina Pipeline is C$58.29, with a high forecast of C$65.00 and a low forecast of C$55.00.
: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pembina Pipeline in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PPL shares.
: According to analysts, Pembina Pipeline's stock has a predicted downside of -1.33% based on their 12-month stock forecasts.
: Over the previous 90 days, Pembina Pipeline's stock had 2 upgrades by analysts.
: Pembina Pipeline has been rated by research analysts at BMO Capital Markets, Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., National Bankshares, Raymond James, Royal Bank of Canada, and UBS Group in the past 90 days.
: Analysts like Pembina Pipeline less than other "energy" companies. The consensus rating score for Pembina Pipeline is 2.58 while the average consensus rating score for "energy" companies is 2.79. Learn more on how PPL compares to other companies.

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This page (TSE:PPL) was last updated on 10/25/2024 by MarketBeat.com Staff

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Pembina Pipeline (PPL) Stock Forecast & Price Target