Plains All American Pipeline (PAA) Earns Buy Rating from Analysts at Deutsche Bank

Equities research analysts at Deutsche Bank started coverage on shares of Plains All American Pipeline (NYSE:PAA) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set a “buy” rating on the pipeline company’s stock.

PAA has been the subject of several other reports. Credit Suisse Group started coverage on shares of Plains All American Pipeline in a report on Thursday, January 4th. They issued an “outperform” rating and a $25.00 price objective for the company. Bank of America started coverage on shares of Plains All American Pipeline in a report on Tuesday, January 9th. They issued a “neutral” rating for the company. Jefferies Group reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Plains All American Pipeline in a report on Friday, January 12th. Barclays downgraded shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and set a $26.00 price objective for the company. in a report on Wednesday, January 17th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $24.00 price objective (up from $22.00) on shares of Plains All American Pipeline in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $26.44.

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Shares of Plains All American Pipeline stock traded down $0.30 on Thursday, reaching $24.32. 2,244,717 shares of the company traded hands, compared to its average volume of 3,546,678. Plains All American Pipeline has a 52 week low of $18.38 and a 52 week high of $30.72. The company has a market capitalization of $18,405.73, a P/E ratio of 25.87 and a beta of 0.74. The company has a quick ratio of 0.73, a current ratio of 0.88 and a debt-to-equity ratio of 1.06.

Plains All American Pipeline (NYSE:PAA) last released its earnings results on Tuesday, February 6th. The pipeline company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.16). Plains All American Pipeline had a net margin of 3.26% and a return on equity of 10.01%. The company had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the prior year, the company earned $0.37 earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis. equities analysts expect that Plains All American Pipeline will post 1.35 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Gould Asset Management LLC CA boosted its holdings in Plains All American Pipeline by 19.8% in the 4th quarter. Gould Asset Management LLC CA now owns 17,060 shares of the pipeline company’s stock valued at $352,000 after purchasing an additional 2,820 shares during the period. Sippican Capital Advisors boosted its holdings in Plains All American Pipeline by 15.2% in the 4th quarter. Sippican Capital Advisors now owns 22,020 shares of the pipeline company’s stock valued at $454,000 after purchasing an additional 2,900 shares during the period. King Luther Capital Management Corp boosted its holdings in Plains All American Pipeline by 23.5% in the 4th quarter. King Luther Capital Management Corp now owns 16,550 shares of the pipeline company’s stock valued at $342,000 after purchasing an additional 3,150 shares during the period. Trust Asset Management LLC boosted its holdings in Plains All American Pipeline by 0.6% in the 4th quarter. Trust Asset Management LLC now owns 574,209 shares of the pipeline company’s stock valued at $12,073,000 after purchasing an additional 3,438 shares during the period. Finally, Koch Industries Inc. boosted its holdings in Plains All American Pipeline by 27.4% in the 4th quarter. Koch Industries Inc. now owns 18,229 shares of the pipeline company’s stock valued at $376,000 after purchasing an additional 3,921 shares during the period. 43.84% of the stock is owned by hedge funds and other institutional investors.

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Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

The Fly

Analyst Recommendations for Plains All American Pipeline (NYSE:PAA)

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