Plains All American Pipeline, L.P. (NYSE:PAA) has received an average recommendation of “Hold” from the twenty-six brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $28.22.

Several research analysts have recently commented on PAA shares. Stifel Nicolaus restated a “hold” rating and set a $30.00 price target on shares of Plains All American Pipeline, L.P. in a research note on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $28.00 price objective (up previously from $27.00) on shares of Plains All American Pipeline, L.P. in a research note on Friday, July 21st. Barclays PLC raised shares of 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 note on Tuesday, July 18th. Deutsche Bank AG lowered shares of Plains All American Pipeline, L.P. from a “buy” rating to a “hold” rating and reduced their price objective for the company from $34.00 to $29.00 in a research note on Thursday, July 13th. Finally, Mizuho upgraded shares of 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 report on Monday, July 10th.

Shares of Plains All American Pipeline, L.P. (NYSE PAA) opened at 21.29 on Wednesday. Plains All American Pipeline, L.P. has a 52 week low of $18.82 and a 52 week high of $33.95. The stock’s 50 day moving average is $21.14 and its 200 day moving average is $25.78. The stock has a market capitalization of $15.43 billion, a PE ratio of 16.43 and a beta of 0.98.

Plains All American Pipeline, L.P. (NYSE:PAA) last posted its earnings results 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). The business 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 net margin of 4.42% and a return on equity of 10.14%. Plains All American Pipeline, L.P.’s revenue was up 22.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) earnings per share. Analysts anticipate that Plains All American Pipeline, L.P. will post $1.53 EPS for the current fiscal year.

WARNING: This news story was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/04/plains-all-american-pipeline-l-p-paa-given-average-rating-of-hold-by-brokerages.html.

Several institutional investors and hedge funds have recently made changes to their positions in PAA. BB&T Investment Services Inc. bought a new stake in shares of Plains All American Pipeline, L.P. in the second quarter valued at about $108,000. IHT Wealth Management LLC acquired a new stake in Plains All American Pipeline, L.P. during the second quarter worth about $118,000. Advisory Services Network LLC grew its position in Plains All American Pipeline, L.P. by 5.1% during 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. Pathstone Family Office LLC acquired a new stake in Plains All American Pipeline, L.P. during the second quarter worth about $127,000. Finally, Princeton Portfolio Strategies Group LLC acquired a new stake in Plains All American Pipeline, L.P. during the first quarter worth about $153,000. 42.08% of the stock is 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.