Pembina Pipeline (TSE:PPL) Price Target Raised to C$57.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price lifted by Jefferies Financial Group from C$53.00 to C$57.00 in a report released on Wednesday morning,BayStreet.CA reports.

PPL has been the topic of several other reports. Raymond James Financial lifted their price objective on Pembina Pipeline from C$66.00 to C$67.00 in a research report on Tuesday, December 16th. National Bankshares upped their target price on shares of Pembina Pipeline from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research note on Tuesday, December 16th. TD Securities lowered their target price on shares of Pembina Pipeline from C$60.00 to C$59.00 and set a “buy” rating for the company in a report on Monday, January 12th. Finally, ATB Capital set a C$61.00 price target on Pembina Pipeline and gave the stock an “outperform” rating in a research note on Tuesday, December 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$59.00.

Pembina Pipeline Stock Performance

Shares of PPL stock opened at C$58.26 on Wednesday. The firm has a market capitalization of C$33.85 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.58 and a beta of 0.62. The stock has a fifty day moving average of C$53.61 and a 200 day moving average of C$53.29. Pembina Pipeline has a 52 week low of C$48.35 and a 52 week high of C$59.20. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68.

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