Pembina Pipeline (TSE:PPL) Raised to “Strong-Buy” at TD Securities

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was upgraded by equities researchers at TD Securities from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the company. National Bank Financial lifted their price objective on Pembina Pipeline from C$61.00 to C$63.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Jefferies Financial Group lifted their price objective on Pembina Pipeline from C$53.00 to C$57.00 in a research note on Wednesday, February 4th. Citigroup cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating and lifted their price objective for the company from C$63.00 to C$70.00 in a research note on Monday, May 18th. Royal Bank Of Canada lifted their price objective on Pembina Pipeline from C$62.00 to C$64.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Finally, Canadian Imperial Bank of Commerce boosted their target price on Pembina Pipeline from C$64.00 to C$66.00 in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Pembina Pipeline has an average rating of “Moderate Buy” and a consensus target price of C$64.77.

Pembina Pipeline Trading Down 1.5%

Shares of TSE PPL opened at C$66.69 on Tuesday. Pembina Pipeline has a twelve month low of C$48.74 and a twelve month high of C$69.10. The company has a current ratio of 0.83, a quick ratio of 0.50 and a debt-to-equity ratio of 82.35. The stock has a fifty day simple moving average of C$62.42 and a 200-day simple moving average of C$57.87. The stock has a market capitalization of C$38.78 billion, a PE ratio of 25.07, a PEG ratio of 1.58 and a beta of 0.42.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.81 earnings per share for the quarter. Pembina Pipeline had a return on equity of 9.98% and a net margin of 22.22%.The business had revenue of C$2.11 billion during the quarter. On average, equities analysts forecast that Pembina Pipeline will post 3.439908 earnings per share for the current year.

Pembina Pipeline Company Profile

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.