Credit Suisse Group Analysts Give Pembina Pipeline (NYSE:PBA) a $58.00 Price Target

Pembina Pipeline (NYSE:PBA) (TSE:PPL) has been assigned a $58.00 target price by stock analysts at Credit Suisse Group in a research note issued on Monday, TipRanks reports. The firm currently has a “buy” rating on the pipeline company’s stock. Credit Suisse Group’s price target suggests a potential upside of 61.97% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $49.00.

PBA stock traded down $0.07 during mid-day trading on Monday, reaching $35.81. 1,087,589 shares of the stock traded hands, compared to its average volume of 621,699. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.64. Pembina Pipeline has a 52 week low of $28.30 and a 52 week high of $38.56. The business has a 50-day moving average of $36.55 and a two-hundred day moving average of $36.66. The firm has a market capitalization of $18.25 billion, a PE ratio of 20.23, a P/E/G ratio of 3.35 and a beta of 0.73.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, August 1st. The pipeline company reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.81. Pembina Pipeline had a net margin of 22.20% and a return on equity of 13.92%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that Pembina Pipeline will post 2.15 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of PBA. Cornerstone Advisors Inc. increased its holdings in shares of Pembina Pipeline by 51.7% during the second quarter. Cornerstone Advisors Inc. now owns 804 shares of the pipeline company’s stock worth $30,000 after buying an additional 274 shares in the last quarter. Phocas Financial Corp. acquired a new stake in shares of Pembina Pipeline during the second quarter worth approximately $35,000. Aperio Group LLC acquired a new stake in shares of Pembina Pipeline during the second quarter worth approximately $41,000. HM Payson & Co. acquired a new stake in shares of Pembina Pipeline during the second quarter worth approximately $42,000. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Pembina Pipeline during the second quarter worth approximately $44,000. 52.23% of the stock is owned by institutional investors.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

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Analyst Recommendations for Pembina Pipeline (NYSE:PBA)

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