Pembina Pipeline Co. (TSE:PPL) Receives C$67.60 Consensus Price Target from Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$68.86.

Several brokerages recently issued reports on PPL. Canadian Imperial Bank of Commerce increased their price objective on Pembina Pipeline from C$72.00 to C$73.00 and gave the stock an “outperformer” rating in a report on Friday, July 3rd. JPMorgan Chase & Co. raised their price target on Pembina Pipeline from C$64.00 to C$67.00 in a research note on Friday, May 15th. Wells Fargo & Company raised Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, July 13th. Barclays increased their price objective on Pembina Pipeline from C$63.00 to C$69.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Finally, ATB Cormark Capital Markets lifted their target price on shares of Pembina Pipeline from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research note on Friday, July 3rd.

Pembina Pipeline Stock Down 2.9%

Pembina Pipeline stock opened at C$66.08 on Monday. Pembina Pipeline has a twelve month low of C$48.74 and a twelve month high of C$72.72. The company has a debt-to-equity ratio of 80.92, a quick ratio of 0.50 and a current ratio of 0.62. The firm has a market cap of C$38.43 billion, a PE ratio of 23.27, a P/E/G ratio of 1.58 and a beta of 0.28. The firm’s 50 day moving average price is C$68.02 and its two-hundred day moving average price is C$63.28.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. Pembina Pipeline had a net margin of 22.64% and a return on equity of 10.54%. The company had revenue of C$2.11 billion during the quarter. On average, research analysts predict that Pembina Pipeline will post 3.439908 EPS 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.