National Bank Financial Boosts Pembina Pipeline (TSE:PPL) Price Target to C$71.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price raised by analysts at National Bank Financial from C$63.00 to C$71.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 7.79% from the company’s current price.

A number of other equities research analysts have also recently commented on PPL. Jefferies Financial Group upped their target price on shares of Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. Canadian Imperial Bank of Commerce boosted their price target on shares of Pembina Pipeline from C$64.00 to C$66.00 in a research note on Wednesday, April 8th. Barclays boosted their price target on shares of Pembina Pipeline from C$63.00 to C$69.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Royal Bank Of Canada boosted their price target 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Pembina Pipeline from C$64.00 to C$67.00 in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$65.38.

Pembina Pipeline Stock Performance

Shares of TSE:PPL traded up C$1.56 on Monday, reaching C$65.87. The company’s stock had a trading volume of 888,979 shares, compared to its average volume of 2,439,972. The stock’s 50-day moving average is C$62.69 and its two-hundred day moving average is C$58.13. Pembina Pipeline has a 52-week low of C$48.74 and a 52-week high of C$69.10. The company has a debt-to-equity ratio of 82.35, a current ratio of 0.83 and a quick ratio of 0.50. The stock has a market capitalization of C$38.30 billion, a P/E ratio of 24.76, a PEG ratio of 1.58 and a beta of 0.42.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Thursday, May 7th. The company reported C$0.81 EPS for the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. The business had revenue of C$2.11 billion during the quarter. As a group, sell-side analysts forecast that Pembina Pipeline will post 3.439908 EPS for the current 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.