Pembina Pipeline Co. (TSE:PPL) Given Consensus Rating of “Moderate Buy” by Brokerages

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has received an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$58.64.

PPL has been the subject of several recent analyst reports. Jefferies Financial Group lifted their target price on shares of Pembina Pipeline from C$53.00 to C$54.00 and gave the stock a “hold” rating in a research note on Wednesday, October 29th. TD Securities dropped their price objective on shares of Pembina Pipeline from C$65.00 to C$60.00 in a research report on Tuesday, December 16th. Raymond James Financial raised their target price on Pembina Pipeline from C$66.00 to C$67.00 in a report on Tuesday, December 16th. National Bankshares lifted their price target on shares of Pembina Pipeline from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, CIBC cut their target price on Pembina Pipeline from C$62.00 to C$61.00 in a research report on Tuesday, December 16th.

Pembina Pipeline Stock Up 0.5%

PPL stock opened at C$50.91 on Friday. Pembina Pipeline has a one year low of C$48.35 and a one year high of C$59.20. The firm’s 50 day moving average price is C$53.42 and its 200-day moving average price is 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. The firm has a market cap of C$29.58 billion, a PE ratio of 18.18, a PEG ratio of 1.58 and a beta of 0.60.

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