TD Securities Cuts Pembina Pipeline (TSE:PPL) Price Target to C$59.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price trimmed by TD Securities from C$60.00 to C$59.00 in a research report released on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets dropped their target price on shares of Pembina Pipeline from C$59.00 to C$58.00 in a report on Tuesday, December 16th. National Bankshares raised their price objective on Pembina Pipeline from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. CIBC reduced their price objective on Pembina Pipeline from C$62.00 to C$61.00 in a report on Tuesday, December 16th. Raymond James Financial boosted their target price on Pembina Pipeline from C$66.00 to C$67.00 in a research report on Tuesday, December 16th. Finally, Jefferies Financial Group raised their price target on Pembina Pipeline from C$53.00 to C$54.00 and gave the company a “hold” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Pembina Pipeline has a consensus rating of “Moderate Buy” and an average price target of C$58.75.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at C$53.21 on Monday. The company has a market cap of C$30.91 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 1.58 and a beta of 0.54. Pembina Pipeline has a one year low of C$48.35 and a one year high of C$59.20. The business has a fifty day moving average of C$52.90 and a two-hundred day moving average of C$52.71. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65.

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 for the quarter. The business had revenue of C$1.79 billion for the quarter. Pembina Pipeline had a net margin of 25.73% and a return on equity of 12.06%. As a group, analysts predict that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

Pembina Pipeline Company Profile

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.