Share on StockTwits

Plains GP Holdings (NASDAQ:PAGP) shares saw an uptick in trading volume on Monday after Wunderlich raised their price target on the stock from $29.00 to $32.00, American Banking News.com reports. Wunderlich currently has a buy rating on the stock. 1,663,017 shares traded hands during trading, an increase of 161% from the previous session’s volume of 637,268 shares.The stock last traded at $29.30 and had previously closed at $28.87.

Other equities research analysts have also recently issued reports about the stock. Analysts at Global Hunter Securities initiated coverage on shares of Plains GP Holdings in a research note on Tuesday, June 3rd. They set a “neutral” rating and a $30.00 price target on the stock. Separately, analysts at Stephens downgraded shares of Plains GP Holdings from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 29th. They now have a $31.00 price target on the stock, up previously from $27.00. They noted that the move was a valuation call. Finally, analysts at Robert W. Baird raised their price target on shares of Plains GP Holdings from $28.00 to $30.00 in a research note on Tuesday, May 13th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $29.50.

The stock’s 50-day moving average is $27.90 and its 200-day moving average is $26.77. The company has a market cap of $3.980 billion and a P/E ratio of 156.90.

Plains GP Holdings (NASDAQ:PAGP) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.01. On average, analysts predict that Plains GP Holdings will post $0.49 earnings per share for the current fiscal year.

Plains GP Holdings, L.P has direct and indirect partnership interests in Plains All American Pipeline, L.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.