Analysts Set Pembina Pipeline Co. (TSE:PPL) Target Price at C$58.75

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have earned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong 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$58.75.

Several research analysts recently weighed in on PPL shares. National Bankshares upped their price target on Pembina Pipeline from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. BMO Capital Markets dropped their target price on Pembina Pipeline from C$59.00 to C$58.00 in a report on Tuesday, December 16th. Raymond James Financial raised their price target on shares of Pembina Pipeline from C$66.00 to C$67.00 in a report on Tuesday, December 16th. TD Securities dropped their price objective on shares of Pembina Pipeline from C$60.00 to C$59.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Finally, ATB Capital set a C$61.00 target price on shares of Pembina Pipeline and gave the stock an “outperform” rating in a research report on Tuesday, December 23rd.

Pembina Pipeline Stock Up 0.9%

Shares of TSE:PPL opened at C$54.07 on Thursday. The firm has a 50 day simple moving average of C$52.98 and a 200 day simple moving average of C$52.81. Pembina Pipeline has a 52 week low of C$48.35 and a 52 week high of C$59.20. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. The company has a market cap of C$31.41 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 1.58 and a beta of 0.54.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Thursday, November 6th. The company reported C$0.43 earnings per share (EPS) for the quarter. The company had revenue of C$1.79 billion for 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.