Pembina Pipeline (TSE:PPL) Raised to “Strong-Buy” at TD Securities

Pembina Pipeline (TSE:PPL – Get Free Report) (NYSE:PBA) was upgraded by analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

PPL has been the topic of a number of other research reports. 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 report on Wednesday, April 8th. National Bank Financial lifted their price objective on Pembina Pipeline from C$61.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Barclays lifted their price objective on Pembina Pipeline from C$63.00 to C$69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price objective on Pembina Pipeline from C$64.00 to C$67.00 in a research report on Friday, May 15th. Finally, TD upgraded Pembina Pipeline from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$65.00 to C$75.00 in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus target price of C$64.77.

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Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at C$66.69 on Tuesday. Pembina Pipeline has a one year low of C$48.74 and a one year high of C$69.10. The company has a market cap of C$38.78 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.58 and a beta of 0.42. 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 business’s 50 day moving average price is C$62.42 and its 200 day moving average price is C$57.87.

Pembina Pipeline (TSE:PPL – Get Free Report) (NYSE:PBA) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.81 EPS for the quarter. Pembina Pipeline had a return on equity of 9.98% and a net margin of 22.22%.The firm had revenue of C$2.11 billion for the quarter. On average, research analysts predict that Pembina Pipeline will post 3.439908 EPS for the current year.

About Pembina Pipeline

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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.

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