Pembina Pipeline (TSE:PPL) Price Target Raised to C$64.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price raised by JPMorgan Chase & Co. from C$60.00 to C$64.00 in a research note published on Thursday morning,BayStreet.CA reports.

Several other analysts have also commented on the company. National Bank Financial increased their price objective on Pembina Pipeline from C$61.00 to C$63.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank Of Canada increased their price objective on Pembina Pipeline from C$62.00 to C$64.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Barclays raised their target price on Pembina Pipeline from C$62.00 to C$63.00 in a research note on Wednesday. ATB Cormark Capital Markets raised their target price on Pembina Pipeline from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Canadian Imperial Bank of Commerce raised their target price on Pembina Pipeline from C$64.00 to C$66.00 in a research note on Wednesday. Six 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 MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$62.55.

Pembina Pipeline Stock Performance

Shares of PPL opened at C$61.40 on Thursday. Pembina Pipeline has a 12 month low of C$48.74 and a 12 month high of C$64.27. The stock has a fifty day moving average price of C$60.57 and a 200-day moving average price of C$56.12. The company has a current ratio of 0.61, a quick ratio of 0.50 and a debt-to-equity ratio of 82.58. The firm has a market cap of C$35.69 billion, a PE ratio of 23.08, a P/E/G ratio of 1.58 and a beta of 0.36.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Thursday, February 26th. The company reported C$0.78 EPS for the quarter. Pembina Pipeline had a return on equity of 9.91% and a net margin of 21.66%.The firm had revenue of C$1.91 billion during the quarter. Equities research analysts predict that Pembina Pipeline will post 3.439908 earnings per share 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.