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$60.00 to C$59.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 12.45% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. ATB Capital set a C$61.00 price objective on Pembina Pipeline and gave the company an “outperform” rating in a research note on Tuesday, December 23rd. National Bankshares raised their target price on Pembina Pipeline from C$57.00 to C$60.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. BMO Capital Markets dropped their target price on Pembina Pipeline from C$59.00 to C$58.00 in a research report on Tuesday, December 16th. Raymond James Financial increased their price target on shares of Pembina Pipeline from C$66.00 to C$67.00 in a research report on Tuesday, December 16th. Finally, Jefferies Financial Group raised their price objective on shares of Pembina Pipeline from C$53.00 to C$54.00 and gave the company a “hold” rating in a research note on Wednesday, October 29th. One investment 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 has an average rating of “Moderate Buy” and an average price target of C$58.75.

Pembina Pipeline Trading Up 1.5%

Shares of PPL stock opened at C$52.47 on Monday. Pembina Pipeline has a 1-year low of C$48.35 and a 1-year high of C$59.20. The firm has a market cap of C$30.48 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 1.58 and a beta of 0.54. The company has a 50-day moving average of C$52.91 and a two-hundred day moving average of C$52.70. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50.

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

Pembina Pipeline Company Profile

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.