TD Securities Lowers Pembina Pipeline (TSE:PPL) Price Target to C$59.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective lowered by equities researchers at TD Securities from C$60.00 to C$59.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 14.79% from the company’s previous close.

A number of other analysts have also recently commented on PPL. Jefferies Financial Group lifted their price objective on Pembina Pipeline from C$53.00 to C$54.00 and gave the stock a “hold” rating in a research report on Wednesday, October 29th. National Bankshares lifted their price target on shares of Pembina Pipeline from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. ATB Capital set a C$61.00 price target on Pembina Pipeline and gave the stock an “outperform” rating in a research note on Tuesday, December 23rd. Raymond James Financial lifted their price objective on Pembina Pipeline from C$66.00 to C$67.00 in a research report on Tuesday, December 16th. Finally, CIBC dropped their target price on Pembina Pipeline from C$62.00 to C$61.00 in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average price target of C$58.75.

Pembina Pipeline Price Performance

Shares of PPL traded up C$0.03 during mid-day trading on Monday, reaching C$51.40. 540,603 shares of the company’s stock were exchanged, compared to its average volume of 2,670,155. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. Pembina Pipeline has a 52-week low of C$48.35 and a 52-week high of C$59.20. The company has a market cap of C$29.86 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.58 and a beta of 0.54. The company has a 50-day simple moving average of C$52.93 and a two-hundred day simple moving average of C$52.69.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Thursday, November 6th. The company reported C$0.43 EPS for the quarter. Pembina Pipeline had a return on equity of 12.06% and a net margin of 25.73%.The firm had revenue of C$1.79 billion for the quarter. On average, sell-side analysts predict that Pembina Pipeline will post 3.439908 EPS for the current fiscal 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.