Brokerages Set Plains All American Pipeline, L.P. (PAA) Price Target at $28.43

Plains All American Pipeline, L.P. (NYSE:PAA) has been given a consensus recommendation of “Buy” by the twenty-two ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $28.43.

Several equities research analysts have recently commented on PAA shares. 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. Wolfe Research upgraded shares of Plains All American Pipeline from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 26th. Evercore ISI started coverage on shares of Plains All American Pipeline in a research note on Tuesday, February 5th. They set a $24.00 price objective for the company. Tudor Pickering upgraded shares of Plains All American Pipeline from a “hold” rating to a “buy” rating in a research note on Wednesday, February 6th. Finally, 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.

NYSE PAA traded up $0.19 on Wednesday, hitting $25.11. The stock had a trading volume of 680,982 shares, compared to its average volume of 2,433,876. The company has a current ratio of 1.02, a quick ratio of 0.84 and a debt-to-equity ratio of 0.94. Plains All American Pipeline has a 52-week low of $19.33 and a 52-week high of $27.70. The firm has a market capitalization of $18.01 billion, a P/E ratio of 13.36 and a beta of 1.09.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings results on Tuesday, February 5th. The pipeline company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.11. Plains All American Pipeline had a net margin of 6.50% and a return on equity of 18.87%. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $9.92 billion. During the same period in the previous year, the company earned $0.26 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, sell-side analysts predict that Plains All American Pipeline will post 1.97 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. We Are One Seven LLC acquired a new position in Plains All American Pipeline during the fourth quarter valued at $26,000. Capital Investment Advisory Services LLC acquired a new position in Plains All American Pipeline during the fourth quarter valued at $28,000. Executive Wealth Management LLC acquired a new position in Plains All American Pipeline during the fourth quarter valued at $28,000. Arlington Partners LLC acquired a new position in Plains All American Pipeline during the fourth quarter valued at $32,000. Finally, Portfolio Solutions LLC acquired a new position in Plains All American Pipeline during the fourth quarter valued at $36,000. Institutional investors and hedge funds own 47.34% of the company’s stock.

About Plains All American Pipeline

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.

Read More: Dollar Cost Averaging

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

Receive News & Ratings for Plains All American Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains All American Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.