Pembina Pipeline (TSE:PPL) Price Target Lowered to C$61.00 at CIBC

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective decreased by investment analysts at CIBC from C$62.00 to C$61.00 in a research note issued on Tuesday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 19.58% from the stock’s previous close.

Several other analysts also recently weighed in on PPL. Raymond James Financial lifted their price objective on Pembina Pipeline from C$66.00 to C$67.00 in a report on Tuesday. Royal Bank Of Canada set a C$62.00 target price on shares of Pembina Pipeline and gave the company an “outperform” rating in a research report on Thursday, August 28th. TD Securities lowered their price target on shares of Pembina Pipeline from C$65.00 to C$60.00 in a research report on Tuesday. Finally, Jefferies Financial Group lifted their price objective on shares of Pembina Pipeline from C$53.00 to C$54.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$58.27.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock traded down C$1.99 during trading on Tuesday, reaching C$51.01. 2,214,579 shares of the stock traded hands, compared to its average volume of 3,296,676. The business has a fifty day simple moving average of C$53.83 and a two-hundred day simple moving average of C$52.66. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. Pembina Pipeline has a 52-week low of C$48.35 and a 52-week high of C$59.20. The company has a market capitalization of C$29.63 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 1.58 and a beta of 0.60.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.43 earnings per share (EPS) for the quarter. The company had revenue of C$1.79 billion for the quarter. Pembina Pipeline had a return on equity of 12.06% and a net margin of 25.73%. Sell-side analysts expect that Pembina Pipeline will post 3.439908 EPS 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.