Pembina Pipeline (TSE:PPL) Cut to Hold at TD Securities

TD Securities lowered shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) from a buy rating to a hold rating in a research note published on Tuesday, MarketBeat reports. The brokerage currently has C$62.00 price target on the stock, up from their prior price target of C$59.00.

Several other research firms have also recently weighed in on PPL. BMO Capital Markets decreased their price target on Pembina Pipeline from C$59.00 to C$58.00 in a research note on Tuesday, December 16th. Jefferies Financial Group lifted their price objective on Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. National Bank Financial upped their target price on shares of Pembina Pipeline from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. 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. Finally, Canadian Imperial Bank of Commerce reduced their price target on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research note on Tuesday, December 16th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$59.25.

Pembina Pipeline Stock Up 1.0%

Shares of Pembina Pipeline stock opened at C$59.51 on Tuesday. The company has a 50-day simple moving average of C$54.52 and a two-hundred day simple moving average of C$53.82. The stock has a market capitalization of C$34.57 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 1.58 and a beta of 0.62. Pembina Pipeline has a 52-week low of C$48.35 and a 52-week high of C$60.70. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65.

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.