Raymond James Financial Raises Pembina Pipeline (TSE:PPL) Price Target to C$67.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price lifted by research analysts at Raymond James Financial from C$66.00 to C$67.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Raymond James Financial’s price objective indicates a potential upside of 31.35% from the stock’s previous close.

A number of other brokerages also recently issued reports on PPL. TD Securities dropped their price target on shares of Pembina Pipeline from C$65.00 to C$60.00 in a research report on Tuesday. Royal Bank Of Canada set a C$62.00 target price on shares of Pembina Pipeline and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Jefferies Financial Group boosted their target price on shares of Pembina Pipeline from C$53.00 to C$54.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. Finally, CIBC increased their price target on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$58.27.

Pembina Pipeline Trading Down 3.8%

Shares of Pembina Pipeline stock traded down C$1.99 on Tuesday, hitting C$51.01. The stock had a trading volume of 2,214,579 shares, compared to its average volume of 3,296,676. The stock has a 50 day moving average of C$53.83 and a 200 day moving average of C$52.66. The firm has a market capitalization of C$29.63 billion, a P/E ratio of 18.22, a PEG ratio of 1.58 and a beta of 0.60. Pembina Pipeline has a twelve month low of C$48.35 and a twelve month high of C$59.20. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.43 EPS for the quarter. Pembina Pipeline had a return on equity of 12.06% and a net margin of 25.73%.The firm had revenue of C$1.79 billion for the quarter. Sell-side analysts expect that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

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.