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

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target hoisted by equities researchers at Raymond James Financial from C$75.00 to C$76.00 in a note issued to investors on Monday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial‘s price target indicates a potential upside of 11.13% from the company’s current price.

A number of other analysts have also commented on the stock. Wells Fargo & Company raised shares of Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a report on Monday, July 13th. BMO Capital Markets raised their price target on Pembina Pipeline from C$68.00 to C$72.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce cut shares of Pembina Pipeline from an “outperformer” rating to a “hold” rating and set a C$71.00 price target for the company. in a report on Thursday, October 22nd. ATB Cormark Capital Markets upped their price target on shares of Pembina Pipeline from C$77.00 to C$79.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Finally, National Bank Financial increased their price objective on shares of Pembina Pipeline from C$73.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Moderate Buy” and a consensus price target of C$70.50.

Pembina Pipeline Trading Up 0.3%

Shares of TSE PPL traded up C$0.23 during mid-day trading on Monday, hitting C$68.39. The company’s stock had a trading volume of 654,403 shares, compared to its average volume of 2,436,063. Pembina Pipeline has a one year low of C$50.15 and a one year high of C$72.72. The company’s fifty day simple moving average is C$67.43 and its 200-day simple moving average is C$64.77. The company has a debt-to-equity ratio of 80.92, a current ratio of 0.62 and a quick ratio of 0.50. The stock has a market cap of C$39.77 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, November 5th. The company reported C$0.77 earnings per share for the quarter. The business had revenue of C$2.18 billion during the quarter. Pembina Pipeline had a net margin of 22.64% and a return on equity of 10.54%. On average, sell-side analysts anticipate that Pembina Pipeline will post 3.44 earnings per share for the current fiscal 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.