Analysts Set Pembina Pipeline Co. (TSE:PPL) Price Target at C$61.00

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been assigned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$61.00.

A number of brokerages have commented on PPL. Canadian Imperial Bank of Commerce raised their price objective on Pembina Pipeline from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Jefferies Financial Group upped their target price on Pembina Pipeline from C$53.00 to C$57.00 in a research report on Wednesday, February 4th. TD Securities lifted their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 and gave the company a “hold” rating in a research report on Friday, February 27th. ATB Cormark Capital Markets boosted their price target on shares of Pembina Pipeline from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Finally, National Bank Financial upped their price objective on shares of Pembina Pipeline from C$60.00 to C$61.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at C$62.07 on Tuesday. Pembina Pipeline has a one year low of C$48.35 and a one year high of C$64.27. The company has a debt-to-equity ratio of 82.58, a current ratio of 0.61 and a quick ratio of 0.50. The stock’s 50-day moving average is C$60.02 and its 200 day moving average is C$55.88. The firm has a market cap of C$36.08 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 1.58 and a beta of 0.53.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Thursday, February 26th. The company reported C$0.78 earnings per share for the quarter. Pembina Pipeline had a net margin of 21.66% and a return on equity of 9.91%. The company had revenue of C$1.91 billion during the quarter. Equities research analysts anticipate that Pembina Pipeline will post 3.439908 EPS for the current 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.