Pembina Pipeline (TSE:PPL) Upgraded at TD

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was upgraded by equities research analysts at TD from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a C$75.00 price objective on the stock, up from their prior price objective of C$65.00. TD’s price target indicates a potential upside of 11.56% from the company’s previous close.

A number of other brokerages also recently weighed in on PPL. Royal Bank Of Canada boosted their price target on Pembina Pipeline from C$62.00 to C$64.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Canadian Imperial Bank of Commerce boosted their price target on Pembina Pipeline from C$64.00 to C$66.00 in a report on Wednesday, April 8th. Barclays boosted their price target on Pembina Pipeline from C$63.00 to C$69.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Jefferies Financial Group boosted their price target on Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. Finally, TD Securities boosted their price target on Pembina Pipeline from C$63.00 to C$65.00 and gave the company a “hold” rating in a report on Wednesday, April 8th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$64.77.

Pembina Pipeline Stock Performance

Shares of TSE PPL traded down C$0.50 during trading on Tuesday, reaching C$67.23. The stock had a trading volume of 612,692 shares, compared to its average volume of 2,389,862. Pembina Pipeline has a one year low of C$48.74 and a one year high of C$69.10. The company has a debt-to-equity ratio of 82.35, a quick ratio of 0.50 and a current ratio of 0.83. The stock has a market cap of C$39.09 billion, a PE ratio of 25.27, a P/E/G ratio of 1.58 and a beta of 0.42. The firm’s 50 day moving average price is C$62.31 and its two-hundred day moving average price is C$57.77.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results 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, research analysts forecast that Pembina Pipeline will post 3.439908 earnings per share 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.