Canadian Imperial Bank of Commerce Forecasts Strong Price Appreciation for Pembina Pipeline (TSE:PPL) Stock

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective hoisted by investment analysts at Canadian Imperial Bank of Commerce from C$64.00 to C$66.00 in a report issued on Wednesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price points to a potential upside of 8.14% from the stock’s current price.

A number of other research analysts have also commented on PPL. BMO Capital Markets increased their price objective on Pembina Pipeline from C$60.00 to C$63.00 in a report on Wednesday. ATB Cormark Capital Markets raised their target price on Pembina Pipeline from C$61.00 to C$64.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Jefferies Financial Group raised their target price on Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. Raymond James Financial raised their target price on Pembina Pipeline from C$66.00 to C$67.00 in a report on Tuesday, December 16th. Finally, National Bank Financial raised their target price on Pembina Pipeline from C$60.00 to C$61.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Pembina Pipeline has an average rating of “Hold” and an average target price of C$62.09.

Pembina Pipeline Stock Down 1.6%

Shares of TSE PPL traded down C$1.00 during mid-day trading on Wednesday, reaching C$61.03. 1,200,440 shares of the company traded hands, compared to its average volume of 2,627,347. The company has a debt-to-equity ratio of 82.58, a quick ratio of 0.50 and a current ratio of 0.61. The stock has a market cap of C$35.47 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 1.58 and a beta of 0.36. The company’s fifty day moving average is C$60.26 and its two-hundred day moving average is C$55.99. Pembina Pipeline has a fifty-two week low of C$48.35 and a fifty-two week high of C$64.27.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Thursday, February 26th. The company reported C$0.78 EPS for the quarter. The business had revenue of C$1.91 billion for the quarter. Pembina Pipeline had a return on equity of 9.91% and a net margin of 21.66%. On average, analysts expect that Pembina Pipeline will post 3.439908 earnings per share for the current 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.