CIBC Has Lowered Expectations for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective decreased by CIBC from C$62.00 to C$61.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 18.52% from the stock’s current price.

A number of other research firms have also recently weighed in on PPL. Royal Bank Of Canada set a C$62.00 price objective on Pembina Pipeline and gave the company an “outperform” rating in a research report on Thursday, August 28th. Jefferies Financial Group raised their target price on shares of Pembina Pipeline from C$53.00 to C$54.00 and gave the stock a “hold” rating in a research note on Wednesday, October 29th. TD Securities dropped their price target on shares of Pembina Pipeline from C$65.00 to C$60.00 in a research report on Tuesday. Finally, Raymond James Financial increased their price objective on shares of Pembina Pipeline from C$66.00 to C$67.00 in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$58.64.

Pembina Pipeline Trading Up 1.4%

Shares of PPL stock opened at C$51.47 on Tuesday. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. The company has a market cap of C$29.90 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.58 and a beta of 0.60. Pembina Pipeline has a 1 year low of C$48.35 and a 1 year high of C$59.20. The firm has a fifty day moving average price of C$53.60 and a 200-day moving average price of C$52.65.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Thursday, November 6th. The company reported C$0.43 EPS for the quarter. Pembina Pipeline had a return on equity of 12.06% and a net margin of 25.73%.The company had revenue of C$1.79 billion for the quarter. As a group, equities analysts predict that Pembina Pipeline will post 3.439908 earnings per share for the current year.

Pembina Pipeline Company Profile

Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms’ assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.