Pembina Pipeline (TSE:PPL) Given New C$63.00 Price Target at TD Securities

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price increased by research analysts at TD Securities from C$62.00 to C$63.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective points to a potential upside of 4.53% from the stock’s previous close.

Several other equities research analysts also recently commented on PPL. National Bank Financial boosted their price objective on Pembina Pipeline from C$57.00 to C$60.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. ATB Cormark Capital Markets set a C$61.00 price objective on shares of Pembina Pipeline and gave the stock an “outperform” rating in a research report on Tuesday, December 23rd. Raymond James Financial increased their target price on Pembina Pipeline from C$66.00 to C$67.00 in a research note on Tuesday, December 16th. Jefferies Financial Group upped their price objective on shares of Pembina Pipeline from C$53.00 to C$57.00 in a research note on Wednesday, February 4th. Finally, Canadian Imperial Bank of Commerce cut their target price on shares of Pembina Pipeline from C$62.00 to C$61.00 in a report on Tuesday, December 16th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$59.75.

Pembina Pipeline Price Performance

TSE:PPL traded up C$0.08 during trading hours on Friday, hitting C$60.27. The company’s stock had a trading volume of 1,504,550 shares, compared to its average volume of 2,354,032. The stock has a fifty day simple moving average of C$55.35 and a 200-day simple moving average of C$54.16. Pembina Pipeline has a twelve month low of C$48.35 and a twelve month high of C$60.75. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. The company has a market capitalization of C$35.01 billion, a P/E ratio of 21.53, a PEG ratio of 1.58 and a beta of 0.62.

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 during the quarter. Pembina Pipeline had a net margin of 25.73% and a return on equity of 12.06%. On average, analysts anticipate that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

About Pembina Pipeline

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.