Raymond James Financial Forecasts Strong Price Appreciation for Pembina Pipeline (TSE:PPL) Stock

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective hoisted by research analysts at Raymond James Financial from C$66.00 to C$67.00 in a research report issued on Tuesday,BayStreet.CA reports. Raymond James Financial’s price objective suggests a potential upside of 30.17% from the stock’s current price.

PPL has been the topic of several other reports. Royal Bank Of Canada set a C$62.00 price target on Pembina Pipeline and gave the stock an “outperform” rating in a research report on Thursday, August 28th. TD Securities dropped their price objective on Pembina Pipeline from C$65.00 to C$60.00 in a research note on Tuesday. 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 report on Wednesday, October 29th. Finally, CIBC upped their price target on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Pembina Pipeline has an average rating of “Moderate Buy” and an average target price of C$58.64.

Pembina Pipeline Price Performance

Shares of TSE:PPL opened at C$51.47 on Tuesday. 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 stock has a market cap of C$29.90 billion, a PE ratio of 18.38, a PEG ratio of 1.58 and a beta of 0.60. The company’s fifty day moving average is C$53.60 and its 200 day moving average is C$52.65. Pembina Pipeline has a 52 week low of C$48.35 and a 52 week high of C$59.20.

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

About Pembina Pipeline

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.