Pembina Pipeline (TSE:PPL) Given a C$61.00 Price Target by ATB Capital Analysts

Pembina Pipeline (TSE:PPL) (NYSE:PBA) received a C$61.00 price objective from ATB Capital in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Capital’s price objective suggests a potential upside of 18.01% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Raymond James Financial raised their price objective on Pembina Pipeline from C$66.00 to C$67.00 in a research report on Tuesday, December 16th. CIBC decreased their target price on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research report on Tuesday, December 16th. TD Securities lowered their price target on shares of Pembina Pipeline from C$65.00 to C$60.00 in a report on Tuesday, December 16th. BMO Capital Markets reduced their price objective on shares of Pembina Pipeline from C$59.00 to C$58.00 in a research note on Tuesday, December 16th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$58.83.

Pembina Pipeline Price Performance

PPL stock opened at C$51.69 on Tuesday. The company has a market capitalization of C$30.03 billion, a P/E ratio of 18.46, a PEG ratio of 1.58 and a beta of 0.60. The company has a fifty day moving average price of C$53.25 and a 200-day moving average price of C$52.63. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. Pembina Pipeline has a 52-week low of C$48.35 and a 52-week high of C$59.20.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Thursday, November 6th. The company reported C$0.43 earnings per share (EPS) for the quarter. The business had revenue of C$1.79 billion during the quarter. Pembina Pipeline had a return on equity of 12.06% and a net margin of 25.73%. As a group, equities analysts expect 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.