Brokerages Set Pembina Pipeline Co. (TSE:PPL) Price Target at C$63.42

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$64.77.

Several equities analysts have issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Pembina Pipeline from C$62.00 to C$64.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. National Bank Financial lifted their price objective on shares of Pembina Pipeline from C$61.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. TD upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$65.00 to C$75.00 in a research note on Tuesday. Barclays lifted their price objective on shares of Pembina Pipeline from C$63.00 to C$69.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Finally, TD Securities upgraded shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research note on Tuesday.

Pembina Pipeline Stock Performance

Shares of PPL stock opened at C$66.69 on Wednesday. The firm has a market cap of C$38.78 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.58 and a beta of 0.42. The company’s 50 day moving average is C$62.42 and its 200 day moving average is C$57.87. 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 52-week low of C$48.74 and a 52-week high of C$69.10.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. The company 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%. On average, sell-side analysts anticipate that Pembina Pipeline will post 3.439908 EPS 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.