Pembina Pipeline (TSE:PPL) Given New C$64.00 Price Target at ATB Cormark Capital Markets

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target boosted by investment analysts at ATB Cormark Capital Markets from C$61.00 to C$64.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target suggests a potential upside of 4.22% from the company’s current price.

Several other analysts have also recently issued reports on PPL. Canadian Imperial Bank of Commerce raised their target price on Pembina Pipeline from C$61.00 to C$64.00 and gave the stock an “outperform” rating in a research note on Friday. Raymond James Financial increased their price objective on Pembina Pipeline from C$66.00 to C$67.00 in a report on Tuesday, December 16th. National Bank Financial boosted their target price on Pembina Pipeline from C$60.00 to C$61.00 and gave the company an “outperform” rating in a research note on Monday. Royal Bank Of Canada upped their target price on Pembina Pipeline from C$62.00 to C$64.00 and gave the company an “outperform” rating in a report on Monday. Finally, Jefferies Financial Group lifted their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and an average price target of C$60.67.

Pembina Pipeline Price Performance

TSE:PPL traded up C$1.46 during midday trading on Monday, hitting C$61.41. The company had a trading volume of 1,454,397 shares, compared to its average volume of 2,428,286. The stock’s fifty day moving average price is C$55.53 and its 200-day moving average price is C$54.30. Pembina Pipeline has a 52-week low of C$48.35 and a 52-week high of C$61.81. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. The company has a market capitalization of C$35.68 billion, a PE ratio of 21.93, a P/E/G ratio of 1.58 and a beta of 0.62.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, February 26th. The company reported C$0.78 EPS for the quarter. The firm had revenue of C$1.91 billion for the quarter. Pembina Pipeline had a net margin of 25.73% and a return on equity of 12.06%. As a group, research analysts expect that Pembina Pipeline will post 3.439908 earnings per share 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.