Plains GP Holdings Coverage Initiated by Analysts at Ladenburg Thalmann (PAGP)
Equities researchers at Ladenburg Thalmann initiated coverage on shares of Plains GP Holdings (NASDAQ:PAGP) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich raised their price target on shares of Plains GP Holdings from $29.00 to $32.00 in a research note on Monday, June 9th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $29.50.
Plains GP Holdings (NASDAQ:PAGP) opened at 31.99 on Tuesday. Plains GP Holdings has a 1-year low of $21.50 and a 1-year high of $32.58. The stock’s 50-day moving average is $28.73 and its 200-day moving average is $27.51. The company has a market cap of $4.345 billion and a P/E ratio of 170.92.
Plains GP Holdings (NASDAQ:PAGP) last released its earnings data on Friday, May 9th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.12 by $0.01. Analysts expect that Plains GP Holdings will post $0.49 EPS for the current fiscal year.
Plains GP Holdings, L.P has direct and indirect partnership interests in Plains All American Pipeline, L.
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