Pembina Pipeline (TSE:PPL) Cut to Hold at Scotiabank

Scotiabank lowered shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) from a sector outperform rating to a hold rating in a research note published on Tuesday morning, Marketbeat Ratings reports. The firm currently has C$73.00 target price on the stock, up from their previous target price of C$69.00.

PPL has been the subject of several other reports. National Bank Financial lifted their price target on Pembina Pipeline from C$63.00 to C$71.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Citigroup cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating and lifted their target price for the company from C$63.00 to C$70.00 in a research note on Monday, May 18th. BMO Capital Markets boosted their target price on shares of Pembina Pipeline from C$60.00 to C$63.00 in a research report on Wednesday, April 8th. JPMorgan Chase & Co. raised their price target on shares of Pembina Pipeline from C$64.00 to C$67.00 in a report on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of Pembina Pipeline from C$72.00 to C$73.00 and gave the company an “outperformer” rating in a research note on Friday, July 3rd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$67.00.

Pembina Pipeline Trading Up 0.6%

Pembina Pipeline stock opened at C$72.08 on Tuesday. The company’s fifty day simple moving average is C$67.65 and its 200-day simple moving average is C$62.16. The company has a quick ratio of 0.50, a current ratio of 0.83 and a debt-to-equity ratio of 82.35. Pembina Pipeline has a 12 month low of C$48.74 and a 12 month high of C$72.39. The stock has a market cap of C$41.91 billion, a P/E ratio of 27.10, a P/E/G ratio of 1.58 and a beta of 0.27.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings data 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 during the quarter. Pembina Pipeline had a return on equity of 9.98% and a net margin of 22.22%. As a group, sell-side analysts forecast that Pembina Pipeline will post 3.439908 EPS for the current fiscal 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.