Pembina Pipeline Co. (TSE:PPL) Stock Has Consensus Price Target of C$70.50 According to Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been given an average recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$70.50.

PPL has been the subject of a number of analyst reports. Canadian Imperial Bank of Commerce lowered Pembina Pipeline from an “outperformer” rating to a “hold” rating and set a C$71.00 price objective for the company. in a research report on Thursday, October 22nd. BMO Capital Markets boosted their target price on Pembina Pipeline from C$68.00 to C$72.00 and gave the stock a “market perform” rating in a report on Friday, July 31st. TD boosted their target price on Pembina Pipeline from C$79.00 to C$80.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. Scotiabank cut Pembina Pipeline from a “sector outperform” rating to a “hold” rating and increased their target price for the stock from C$69.00 to C$73.00 in a research note on Tuesday, July 21st. Finally, Barclays raised their price target on Pembina Pipeline from C$69.00 to C$70.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th.

Pembina Pipeline Price Performance

Shares of TSE PPL opened at C$71.73 on Wednesday. Pembina Pipeline has a fifty-two week low of C$50.15 and a fifty-two week high of C$72.72. The company has a 50 day simple moving average of C$67.75 and a two-hundred day simple moving average of C$65.15. The company has a market capitalization of C$41.72 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 1.58 and a beta of 0.42. The company has a debt-to-equity ratio of 79.68, a quick ratio of 0.50 and a current ratio of 0.75.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, November 5th. The company reported C$0.77 EPS for the quarter. Pembina Pipeline had a return on equity of 12.18% and a net margin of 25.02%. The firm had revenue of C$2.18 billion for the quarter. Analysts expect that Pembina Pipeline will post 3.44 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.