Pembina Pipeline Co. (TSE:PPL) Receives C$65.38 Average Price Target from Analysts

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has earned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$65.38.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of Pembina Pipeline from C$60.00 to C$63.00 in a report on Wednesday, April 8th. TD Securities upgraded shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Citigroup cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating and increased their target price for the company from C$63.00 to C$70.00 in a research note on Monday, May 18th. Canadian Imperial Bank of Commerce increased their target price on shares of Pembina Pipeline from C$64.00 to C$66.00 in a research note on Wednesday, April 8th. Finally, ATB Cormark Capital Markets increased their target price on shares of Pembina Pipeline from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th.

Pembina Pipeline Stock Up 0.5%

PPL stock opened at C$65.50 on Friday. The company has a debt-to-equity ratio of 82.35, a current ratio of 0.83 and a quick ratio of 0.50. Pembina Pipeline has a 52-week low of C$48.74 and a 52-week high of C$69.42. The company has a 50-day moving average of C$64.12 and a two-hundred day moving average of C$59.48. The stock has a market capitalization of C$38.08 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.58 and a beta of 0.28.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. The company had revenue of C$2.11 billion during the quarter. As a group, 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.