Brokerages Set Pembina Pipeline Co. (TSE:PPL) PT at C$65.38

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$65.38.

Several equities research analysts recently weighed in on PPL shares. ATB Cormark Capital Markets increased their price objective on shares of Pembina Pipeline from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Citigroup lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating and increased their price objective for the stock from C$63.00 to C$70.00 in a research note on Monday, May 18th. JPMorgan Chase & Co. increased their price objective on shares of Pembina Pipeline from C$64.00 to C$67.00 in a research note on Friday, May 15th. National Bank Financial increased their price objective on shares of Pembina Pipeline from C$63.00 to C$71.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Finally, TD upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$65.00 to C$75.00 in a research note on Tuesday, May 26th.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at C$65.20 on Friday. The firm has a market cap of C$37.91 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 1.58 and a beta of 0.28. The firm’s 50-day simple moving average is C$64.05 and its 200-day simple moving average is C$59.43. The company has a debt-to-equity ratio of 82.35, a quick ratio of 0.50 and a current ratio of 0.83. Pembina Pipeline has a 1 year low of C$48.74 and a 1 year high of C$69.42.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. The business had revenue of C$2.11 billion for the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. Equities analysts forecast that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

About Pembina Pipeline

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.