Raymond James Financial Forecasts Strong Price Appreciation for Pembina Pipeline (TSE:PPL) Stock

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective hoisted by Raymond James Financial from C$63.00 to C$65.00 in a research report issued on Monday,BayStreet.CA reports. Raymond James Financial’s target price would indicate a potential upside of 22.34% from the company’s previous close. Raymond James Financial also issued estimates for Pembina Pipeline’s FY2025 earnings at $2.86 EPS.

A number of other equities analysts have also recently commented on the stock. Wells Fargo & Company cut shares of Pembina Pipeline from an “equal weight” rating to an “underperform” rating and set a C$50.00 price objective for the company. in a research note on Wednesday, August 6th. BMO Capital Markets lowered their price target on shares of Pembina Pipeline from C$59.00 to C$57.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Jefferies Financial Group lifted their price target on Pembina Pipeline from C$53.00 to C$54.00 and gave the stock a “hold” rating in a research report on Wednesday, October 29th. CIBC boosted their price objective on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, Royal Bank Of Canada set a C$62.00 price objective on Pembina Pipeline and gave the company an “outperform” rating in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$58.55.

Pembina Pipeline Stock Up 1.1%

TSE PPL opened at C$53.13 on Monday. The stock has a 50 day moving average price of C$54.19 and a 200-day moving average price of C$52.43. Pembina Pipeline has a one year low of C$48.35 and a one year high of C$60.72. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. The company has a market capitalization of C$30.86 billion, a P/E ratio of 18.98, a P/E/G ratio of 1.58 and a beta of 0.66.

About Pembina Pipeline

Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms’ assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.