TD Securities Cuts Pembina Pipeline (TSE:PPL) Price Target to C$60.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price decreased by equities researchers at TD Securities from C$65.00 to C$60.00 in a research report issued on Tuesday,BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 17.62% from the stock’s current price.

Several other brokerages also recently issued reports on PPL. Royal Bank Of Canada set a C$62.00 price target on Pembina Pipeline and gave the company an “outperform” rating in a report on Thursday, August 28th. Raymond James Financial upped their target price on Pembina Pipeline from C$63.00 to C$65.00 in a research report on Monday, November 10th. Jefferies Financial Group raised their target price 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 boosted their price target on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$58.27.

Pembina Pipeline Trading Down 3.8%

Shares of TSE PPL traded down C$1.99 during trading on Tuesday, hitting C$51.01. 2,214,579 shares of the company traded hands, compared to its average volume of 3,296,676. The firm has a market capitalization of C$29.63 billion, a P/E ratio of 18.22, a P/E/G ratio of 1.58 and a beta of 0.60. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. The company has a 50-day moving average price of C$53.83 and a 200-day moving average price of C$52.66. Pembina Pipeline has a 1 year low of C$48.35 and a 1 year high of C$59.20.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued 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 for the quarter. Pembina Pipeline had a return on equity of 12.06% and a net margin of 25.73%. On average, equities analysts predict that Pembina Pipeline will post 3.439908 EPS for the current year.

Pembina Pipeline Company Profile

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.