TD Securities Cuts Pembina Pipeline (TSE:PPL) Price Target to C$59.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price lowered by investment analysts at TD Securities from C$60.00 to C$59.00 in a report released on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 14.79% from the stock’s current price.

Several other equities research analysts have also recently commented on PPL. BMO Capital Markets cut their price target on Pembina Pipeline from C$59.00 to C$58.00 in a research note on Tuesday, December 16th. Raymond James Financial lifted their target price on shares of Pembina Pipeline from C$66.00 to C$67.00 in a report on Tuesday, December 16th. ATB Capital set a C$61.00 price target on shares of Pembina Pipeline and gave the stock an “outperform” rating in a report on Tuesday, December 23rd. Jefferies Financial Group lifted their price objective on Pembina Pipeline from C$53.00 to C$54.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. Finally, CIBC cut their target price on Pembina Pipeline from C$62.00 to C$61.00 in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average target price of C$58.75.

Pembina Pipeline Stock Up 0.1%

TSE:PPL traded up C$0.03 during midday trading on Monday, hitting C$51.40. 540,603 shares of the company were exchanged, compared to its average volume of 2,670,155. The company has a fifty day simple moving average of C$52.93 and a 200 day simple moving average of C$52.69. The company has a market capitalization of C$29.86 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.58 and a beta of 0.54. Pembina Pipeline has a fifty-two week low of C$48.35 and a fifty-two week 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 posted its earnings results on Thursday, November 6th. The company reported C$0.43 earnings per share for the quarter. The business 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, equities analysts anticipate that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

About Pembina Pipeline

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.