TD Securities Cuts Pembina Pipeline (TSE:PPL) Price Target to C$60.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price cut by TD Securities from C$65.00 to C$60.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

A number of other analysts also recently issued reports on the stock. Jefferies Financial Group raised their price objective on shares of Pembina Pipeline from C$53.00 to C$54.00 and gave the stock a “hold” rating in a report on Wednesday, October 29th. Royal Bank Of Canada set a C$62.00 target price on shares of Pembina Pipeline and gave the company an “outperform” rating in a research report on Thursday, August 28th. CIBC lifted their price target on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, Raymond James Financial upped their price objective on Pembina Pipeline from C$63.00 to C$65.00 in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Pembina Pipeline currently has an average rating of “Moderate Buy” and a consensus target price of C$58.64.

Pembina Pipeline Stock Performance

Shares of PPL opened at C$50.67 on Tuesday. The stock has a 50 day moving average of C$53.50 and a 200 day moving average of C$52.63. The company has a market capitalization of C$29.44 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.58 and a beta of 0.60. Pembina Pipeline has a 12 month low of C$48.35 and a 12 month high of C$59.20. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.43 earnings per share (EPS) for the quarter. The firm had revenue of C$1.79 billion during the quarter. Pembina Pipeline had a return on equity of 12.06% and a net margin of 25.73%. As a group, sell-side analysts forecast that Pembina Pipeline will post 3.439908 earnings per share for the current 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.