TD Securities Issues Pessimistic Forecast for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price lowered by stock analysts at TD Securities from C$65.00 to C$60.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 16.57% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Raymond James Financial upped their target price on Pembina Pipeline from C$63.00 to C$65.00 in a research report on Monday, November 10th. Jefferies Financial Group increased their price target on Pembina Pipeline from C$53.00 to C$54.00 and gave the stock a “hold” rating in a report on Wednesday, October 29th. Royal Bank Of Canada set a C$62.00 price objective on shares of Pembina Pipeline and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Finally, CIBC boosted their target price on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$58.64.

Pembina Pipeline Trading Up 1.4%

PPL opened at C$51.47 on Tuesday. Pembina Pipeline has a twelve month low of C$48.35 and a twelve month high of C$59.20. The company has a fifty day moving average of C$53.60 and a 200-day moving average of C$52.65. The stock has a market cap of C$29.90 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 1.58 and a beta of 0.60. 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 (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.43 EPS for the quarter. Pembina Pipeline had a net margin of 25.73% and a return on equity of 12.06%. The business 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 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.