Plains All American Pipeline (PAA) Rating Increased to Hold at ValuEngine

Plains All American Pipeline (NYSE:PAA) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Several other equities research analysts also recently issued reports on the stock. Goldman Sachs Group upgraded shares of Plains All American Pipeline from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 2nd. Jefferies Financial Group upgraded shares of Plains All American Pipeline from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. Citigroup cut their target price on shares of Plains All American Pipeline from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, November 29th. Mizuho started coverage on shares of Plains All American Pipeline in a research note on Wednesday, November 28th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Wolfe Research raised shares of Plains All American Pipeline from an “underperform” rating to a “peer perform” rating in a report on Monday, November 26th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $27.88.

Shares of NYSE:PAA opened at $22.89 on Monday. Plains All American Pipeline has a 52-week low of $19.33 and a 52-week high of $27.70. The stock has a market capitalization of $16.78 billion, a P/E ratio of 24.35, a PEG ratio of 1.40 and a beta of 1.11. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.89 and a quick ratio of 0.71.

Plains All American Pipeline (NYSE:PAA) last issued its earnings results on Tuesday, February 5th. The pipeline company reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.11. Plains All American Pipeline had a net margin of 3.92% and a return on equity of 14.72%. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $9.92 billion. During the same period last year, the business posted $0.26 EPS. Plains All American Pipeline’s revenue was up 15.5% on a year-over-year basis. On average, sell-side analysts expect that Plains All American Pipeline will post 1.89 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in PAA. We Are One Seven LLC bought a new position in shares of Plains All American Pipeline during the fourth quarter worth approximately $26,000. Capital Investment Advisory Services LLC bought a new position in shares of Plains All American Pipeline during the fourth quarter worth approximately $28,000. Arlington Partners LLC bought a new position in shares of Plains All American Pipeline during the fourth quarter worth approximately $32,000. Portfolio Solutions LLC bought a new position in shares of Plains All American Pipeline during the fourth quarter worth approximately $36,000. Finally, Lavaca Capital LLC bought a new position in shares of Plains All American Pipeline during the fourth quarter worth approximately $44,000. 47.20% of the stock is currently owned by institutional investors.

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.

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

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