JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Pembina Pipeline (TSE:PPL) Stock

Pembina Pipeline (TSE:PPL – Get Free Report) (NYSE:PBA) had its price target hoisted by analysts at JPMorgan Chase & Co. from C$64.00 to C$67.00 in a research report issued on Friday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 0.27% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets increased their target price on Pembina Pipeline from C$60.00 to C$63.00 in a research note on Wednesday, April 8th. National Bank Financial increased their target price on Pembina Pipeline from C$61.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Canadian Imperial Bank of Commerce upped their price target on Pembina Pipeline from C$64.00 to C$66.00 in a report on Wednesday, April 8th. Barclays upped their price target on Pembina Pipeline from C$62.00 to C$63.00 in a report on Wednesday, April 8th. Finally, ATB Cormark Capital Markets upped their price target on Pembina Pipeline from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$62.82.

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Pembina Pipeline Stock Performance

Shares of PPL traded up C$0.46 during midday trading on Friday, reaching C$67.18. 586,547 shares of the stock were exchanged, compared to its average volume of 2,374,727. The company has a market capitalization of C$39.06 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.58 and a beta of 0.42. Pembina Pipeline has a twelve month low of C$48.74 and a twelve month high of C$67.24. The business’s 50-day moving average price is C$61.30 and its 200 day moving average price is C$57.03. The company has a debt-to-equity ratio of 82.35, a current ratio of 0.83 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL – Get Free Report) (NYSE:PBA) last released 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 company had revenue of C$2.11 billion during the quarter. On average, sell-side analysts expect that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

About Pembina Pipeline

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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.

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