ATB Cormark Capital Markets Forecasts Strong Price Appreciation for Pembina Pipeline (TSE:PPL) Stock

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price boosted by investment analysts at ATB Cormark Capital Markets from C$64.00 to C$66.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would suggest a potential upside of 8.14% from the company’s previous close.

A number of other equities analysts also recently issued reports on PPL. Jefferies Financial Group raised their price objective on Pembina Pipeline from C$53.00 to C$57.00 in a research report on Wednesday, February 4th. Royal Bank Of Canada raised their price objective on Pembina Pipeline from C$62.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. BMO Capital Markets raised their price objective on Pembina Pipeline from C$60.00 to C$63.00 in a research report on Wednesday. Raymond James Financial raised their price objective on Pembina Pipeline from C$66.00 to C$67.00 in a research report on Tuesday, December 16th. Finally, Barclays raised their price objective on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$62.09.

Pembina Pipeline Trading Down 1.6%

Shares of PPL stock traded down C$1.00 during mid-day trading on Wednesday, reaching C$61.03. 1,200,440 shares of the stock traded hands, compared to its average volume of 2,627,347. Pembina Pipeline has a 1-year low of C$48.35 and a 1-year high of C$64.27. The company has a quick ratio of 0.50, a current ratio of 0.61 and a debt-to-equity ratio of 82.58. The company has a market cap of C$35.47 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 1.58 and a beta of 0.36. The stock’s fifty day simple moving average is C$60.26 and its two-hundred day simple moving average is C$55.99.

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