Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Pembina Pipeline Corp (NYSE: PBA) weakened of late. PBA’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Pembina Pipeline Corp (NYSE: PBA) stock closed at $35.03 on 3/1/24 after a modest gain of 0.6%. NORMAL trading volume accompanied the advance. The stock has risen 1.7% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PBA is expected to continue to be an important Value Builder.
Pembina Pipeline has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Pembina Pipeline has a neutral Appreciation Score of 44 but a good Power Rating of 81, producing the High Neutral Value Trend Rating.
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