Pembina Pipeline (TSE:PPL) Upgraded at TD

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was upgraded by research analysts at TD from a “hold” rating to a “buy” rating in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a C$75.00 price target on the stock, up from their prior price target of C$65.00. TD’s price objective would indicate a potential upside of 11.56% from the stock’s previous close.

Several other equities analysts have also commented on PPL. ATB Cormark Capital Markets boosted their price target on Pembina Pipeline from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Canadian Imperial Bank of Commerce boosted their price target on Pembina Pipeline from C$64.00 to C$66.00 in a research report on Wednesday, April 8th. BMO Capital Markets lifted their price objective on Pembina Pipeline from C$60.00 to C$63.00 in a report on Wednesday, April 8th. JPMorgan Chase & Co. lifted their price objective on Pembina Pipeline from C$64.00 to C$67.00 in a report on Friday, May 15th. Finally, Royal Bank Of Canada lifted their price objective on Pembina Pipeline from C$62.00 to C$64.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and an average target price of C$64.77.

Pembina Pipeline Stock Down 0.7%

Pembina Pipeline stock traded down C$0.50 during midday trading on Tuesday, hitting C$67.23. 612,692 shares of the company were exchanged, compared to its average volume of 2,389,862. The company’s fifty day moving average price is C$62.31 and its 200-day moving average price is C$57.77. The company has a market cap of C$39.09 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42. The company has a debt-to-equity ratio of 82.35, a current ratio of 0.83 and a quick ratio of 0.50. Pembina Pipeline has a fifty-two week low of C$48.74 and a fifty-two week high of C$69.10.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.81 EPS for the quarter. The firm had revenue of C$2.11 billion for the quarter. Pembina Pipeline had a return on equity of 9.98% and a net margin of 22.22%. On average, research analysts predict 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.