Plains All American Pipeline, L.P. (NYSE:PAA)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Group LLC in a research note issued to investors on Monday. They presently have a $24.00 target price on the pipeline company’s stock, up from their prior target price of $20.19. Jefferies Group LLC’s target price suggests a potential upside of 16.34% from the company’s previous close. Jefferies Group also issued estimates for Plains All American Pipeline, L.P.’s Q4 2017 earnings at $0.41 EPS, FY2019 earnings at $1.76 EPS, FY2020 earnings at $1.97 EPS and FY2021 earnings at $2.13 EPS.

Several other analysts have also weighed in on PAA. Stifel Nicolaus decreased their target price on shares of Plains All American Pipeline, L.P. from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, May 10th. UBS AG reiterated a “buy” rating and set a $33.00 target price (down from $34.00) on shares of Plains All American Pipeline, L.P. in a research report on Wednesday, May 10th. Raymond James Financial, Inc. upgraded shares of Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, May 22nd. They noted that the move was a valuation call. Deutsche Bank AG decreased their target price on shares of Plains All American Pipeline, L.P. from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, May 30th. Finally, BidaskClub upgraded shares of Plains All American Pipeline, L.P. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $29.22.

Shares of Plains All American Pipeline, L.P. (NYSE PAA) opened at 20.63 on Monday. Plains All American Pipeline, L.P. has a 1-year low of $18.82 and a 1-year high of $33.95. The firm has a market capitalization of $14.95 billion, a PE ratio of 15.92 and a beta of 0.95. The firm has a 50-day moving average price of $23.85 and a 200-day moving average price of $27.71.

Plains All American Pipeline, L.P. (NYSE:PAA) last posted its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.05. The company had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.50 billion. Plains All American Pipeline, L.P. had a return on equity of 10.14% and a net margin of 4.42%. The business’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.12) earnings per share. On average, analysts forecast that Plains All American Pipeline, L.P. will post $1.49 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in PAA. Founders Capital Management bought a new position in shares of Plains All American Pipeline, L.P. during the first quarter worth $101,000. Trust Co. of Vermont increased its position in shares of Plains All American Pipeline, L.P. by 1,260.0% in the first quarter. Trust Co. of Vermont now owns 3,400 shares of the pipeline company’s stock worth $107,000 after buying an additional 3,150 shares in the last quarter. BB&T Investment Services Inc. bought a new position in shares of Plains All American Pipeline, L.P. during the second quarter worth $108,000. IHT Wealth Management LLC bought a new position in shares of Plains All American Pipeline, L.P. during the second quarter worth $118,000. Finally, Advisory Services Network LLC increased its position in shares of Plains All American Pipeline, L.P. by 5.1% in the second quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock worth $121,000 after buying an additional 223 shares in the last quarter. 42.08% of the stock is 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)

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