Analysts Set Pembina Pipeline Co. (TSE:PPL) Price Target at C$65.38

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$65.38.

A number of analysts have issued reports on the company. Royal Bank Of Canada lifted their price objective on Pembina Pipeline from C$62.00 to C$64.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. ATB Cormark Capital Markets lifted their price objective on Pembina Pipeline from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Canadian Imperial Bank of Commerce lifted their price objective on Pembina Pipeline from C$64.00 to C$66.00 in a research note on Wednesday, April 8th. TD Securities raised Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, BMO Capital Markets lifted their price objective on Pembina Pipeline from C$60.00 to C$63.00 in a research note on Wednesday, April 8th.

Pembina Pipeline Stock Performance

Shares of TSE PPL opened at C$65.97 on Friday. The company has a debt-to-equity ratio of 82.35, a quick ratio of 0.50 and a current ratio of 0.83. The company has a market cap of C$38.36 billion, a P/E ratio of 24.80, a P/E/G ratio of 1.58 and a beta of 0.28. The firm’s fifty day moving average is C$63.92 and its two-hundred day moving average is C$59.27. Pembina Pipeline has a 52-week low of C$48.74 and a 52-week high of C$69.42.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. The company had revenue of C$2.11 billion for the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. As a group, analysts anticipate that Pembina Pipeline will post 3.439908 EPS for the current fiscal 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.