Plains All American Pipeline, L.P. (NYSE:PAA) was upgraded by research analysts at UBS AG from an “outperform” rating to a “strong-buy” rating in a research note issued to investors on Monday.

Other research analysts also recently issued research reports about the company. Deutsche Bank AG cut their target price on Plains All American Pipeline, L.P. from $39.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, May 30th. Scotiabank set a $36.00 target price on Plains All American Pipeline, L.P. and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Mizuho upgraded Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Monday, July 10th. Raymond James Financial, Inc. set a $24.00 target price on Plains All American Pipeline, L.P. and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, Barclays PLC restated a “buy” rating and issued a $28.00 target price on shares of Plains All American Pipeline, L.P. in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Plains All American Pipeline, L.P. has a consensus rating of “Hold” and a consensus target price of $29.59.

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) opened at 20.19 on Monday. Plains All American Pipeline, L.P. has a 12-month low of $18.82 and a 12-month high of $33.95. The stock’s 50 day moving average is $23.85 and its 200-day moving average is $27.71. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of 15.58 and a beta of 0.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last issued its earnings results on Monday, August 7th. The pipeline company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.26 by $0.05. Plains All American Pipeline, L.P. had a return on equity of 10.14% and a net margin of 4.42%. The company had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the business earned ($0.12) EPS. The firm’s revenue for the quarter was up 22.8% compared to the same quarter last year. On average, analysts anticipate that Plains All American Pipeline, L.P. will post $1.48 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Plains All American Pipeline, L.P. (PAA) Upgraded by UBS AG to “Strong-Buy”” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/08/28/plains-all-american-pipeline-l-p-paa-upgraded-by-ubs-ag-to-strong-buy.html.

Several institutional investors have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D boosted its position in shares of Plains All American Pipeline, L.P. by 2.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 381,800 shares of the pipeline company’s stock worth $12,069,000 after buying an additional 9,300 shares in the last quarter. Rothschild Investment Corp IL boosted its position in shares of Plains All American Pipeline, L.P. by 3.1% in the second quarter. Rothschild Investment Corp IL now owns 99,975 shares of the pipeline company’s stock worth $2,626,000 after buying an additional 3,050 shares in the last quarter. Bollard Group LLC boosted its position in shares of Plains All American Pipeline, L.P. by 2.0% in the second quarter. Bollard Group LLC now owns 333,220 shares of the pipeline company’s stock worth $8,754,000 after buying an additional 6,461 shares in the last quarter. Bridges Investment Counsel Inc. boosted its position in shares of Plains All American Pipeline, L.P. by 131.4% in the second quarter. Bridges Investment Counsel Inc. now owns 31,141 shares of the pipeline company’s stock worth $818,000 after buying an additional 17,685 shares in the last quarter. Finally, Verity & Verity LLC boosted its position in shares of Plains All American Pipeline, L.P. by 0.9% in the first quarter. Verity & Verity LLC now owns 36,742 shares of the pipeline company’s stock worth $1,161,000 after buying an additional 310 shares in the last quarter. 42.08% of the stock is currently owned by institutional investors.

About Plains All American Pipeline, L.P.

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

Analyst Recommendations for Plains All American Pipeline, L.P. (NYSE:PAA)

Receive News & Stock Ratings for Plains All American Pipeline L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains All American Pipeline L.P. and related stocks with our FREE daily email newsletter.