Plains All American Pipeline, L.P. (NYSE:PAA) was upgraded by analysts at Raymond James Financial, Inc. from an “outperform” rating to a “buy” rating in a research note issued to investors on Monday. The firm presently has a $24.00 target price on the pipeline company’s stock. Raymond James Financial, Inc.’s target price suggests a potential upside of 16.34% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Mizuho upgraded Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Monday, July 10th. Jefferies Group LLC restated a “hold” rating and set a $28.00 price objective (up from $27.00) on shares of Plains All American Pipeline, L.P. in a research report on Friday, July 21st. Stifel Nicolaus lowered their price objective on Plains All American Pipeline, L.P. from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, May 10th. Barclays PLC upgraded Plains All American Pipeline, L.P. from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research report on Tuesday, July 18th. Finally, Deutsche Bank AG lowered their price objective on Plains All American Pipeline, L.P. from $39.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $29.22.

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 cap of $14.95 billion, a PE ratio of 15.92 and a beta of 0.95. The firm’s 50-day moving average is $23.85 and its 200 day moving average is $27.71.

Plains All American Pipeline, L.P. (NYSE:PAA) last issued its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the business earned ($0.12) earnings per share. Plains All American Pipeline, L.P.’s revenue was up 22.8% compared to the same quarter last year. On average, equities analysts forecast that Plains All American Pipeline, L.P. will post $1.49 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Raymond James Financial, Inc. Upgrades Plains All American Pipeline, L.P. (PAA) to Buy” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/08/30/raymond-james-financial-inc-upgrades-plains-all-american-pipeline-l-p-paa-to-buy.html.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Good Life Advisors LLC boosted its position in Plains All American Pipeline, L.P. by 0.4% in the second quarter. Good Life Advisors LLC now owns 11,191 shares of the pipeline company’s stock valued at $291,000 after buying an additional 42 shares in the last quarter. Comerica Bank boosted its position in Plains All American Pipeline, L.P. by 0.7% in the first quarter. Comerica Bank now owns 8,130 shares of the pipeline company’s stock valued at $239,000 after buying an additional 57 shares in the last quarter. Arcus Capital Partners LLC boosted its position in Plains All American Pipeline, L.P. by 1.2% in the first quarter. Arcus Capital Partners LLC now owns 6,598 shares of the pipeline company’s stock valued at $209,000 after buying an additional 78 shares in the last quarter. Syntal Capital Partners LLC boosted its position in Plains All American Pipeline, L.P. by 1.1% in the first quarter. Syntal Capital Partners LLC now owns 9,132 shares of the pipeline company’s stock valued at $288,000 after buying an additional 100 shares in the last quarter. Finally, CNH Partners LLC boosted its position in Plains All American Pipeline, L.P. by 0.6% in the second quarter. CNH Partners LLC now owns 17,770 shares of the pipeline company’s stock valued at $467,000 after buying an additional 100 shares in the last quarter. 42.08% of the stock is currently owned by institutional investors and hedge funds.

Plains All American Pipeline, L.P. Company Profile

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.