Inter Pipeline (TSE:IPL) Given New C$20.00 Price Target at Cfra

Inter Pipeline (TSE:IPL) had its target price increased by Cfra from C$18.00 to C$20.00 in a research note published on Tuesday morning, reports. Cfra currently has a na rating on the stock.

A number of other equities research analysts also recently commented on IPL. CSFB set a C$20.00 target price on shares of Inter Pipeline and gave the stock a neutral rating in a research report on Wednesday, March 10th. Wells Fargo & Company boosted their price objective on shares of Inter Pipeline from C$13.00 to C$17.00 in a research report on Friday, February 12th. Scotiabank upped their target price on shares of Inter Pipeline from C$17.50 to C$18.00 in a report on Friday, April 23rd. Raymond James set a C$18.25 target price on shares of Inter Pipeline and gave the stock a market perform rating in a report on Monday, February 22nd. Finally, Canaccord Genuity upped their target price on shares of Inter Pipeline from C$14.00 to C$16.50 in a report on Friday, February 12th. Twelve equities research analysts have rated the stock with a hold rating, The stock has an average rating of Hold and an average price target of C$17.48.

TSE IPL opened at C$17.92 on Tuesday. The company has a debt-to-equity ratio of 164.76, a current ratio of 0.34 and a quick ratio of 0.20. The stock has a market capitalization of C$7.69 billion and a PE ratio of 19.33. Inter Pipeline has a 1 year low of C$11.13 and a 1 year high of C$18.61. The business’s 50-day moving average is C$17.97 and its 200 day moving average is C$15.19.

Inter Pipeline (TSE:IPL) last released its earnings results on Thursday, February 18th. The company reported C$0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.14 by C$0.25. The business had revenue of C$624.30 million for the quarter. As a group, equities research analysts anticipate that Inter Pipeline will post 1.13 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 15th. Investors of record on Friday, May 21st will be paid a $0.04 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, May 20th. Inter Pipeline’s dividend payout ratio (DPR) is 51.78%.

Inter Pipeline Company Profile

Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids (NGL) processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation; Conventional Oil Pipelines; NGL Processing; and Bulk Liquid Storage. The Oil Sands Transportation segment transports petroleum products through Cold Lake, Corridor, and Polaris pipeline systems covering approximately 3,300 kilometers of pipeline and 3.8 million barrels of storage capacity; and related blending and handling services.

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Analyst Recommendations for Inter Pipeline (TSE:IPL)

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