Pembina Pipeline (TSE:PPL – Free Report) (NYSE:PBA) had its price target boosted by BMO Capital Markets from C$68.00 to C$72.00 in a research report released on Friday,BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the stock.
Other equities analysts have also recently issued research reports about the stock. National Bank Financial upped their price target on shares of Pembina Pipeline from C$63.00 to C$71.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. raised their price objective on shares of Pembina Pipeline from C$64.00 to C$67.00 in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce lifted their target price on shares of Pembina Pipeline from C$72.00 to C$73.00 and gave the stock an “outperformer” rating in a report on Friday, July 3rd. TD upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating and upped their target price for the stock from C$65.00 to C$75.00 in a research note on Tuesday, May 26th. Finally, Citigroup cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating and increased their price target for the company from C$63.00 to C$70.00 in a report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$67.60.
View Our Latest Analysis on Pembina Pipeline
Pembina Pipeline Stock Down 2.9%
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 return on equity of 9.98% and a net margin of 22.22%.The firm had revenue of C$2.11 billion for the quarter. On average, research analysts anticipate that Pembina Pipeline will post 3.439908 earnings per share 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.
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