Plains GP Holdings Earns Neutral Rating from Analysts at Credit Suisse (PAGP)
Equities research analysts at Credit Suisse assumed coverage on shares of Plains GP Holdings (NASDAQ:PAGP) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Shares of Plains GP Holdings (NASDAQ:PAGP) opened at 30.16 on Tuesday. Plains GP Holdings has a 52-week low of $21.50 and a 52-week high of $32.58. The stock’s 50-day moving average is $30.22 and its 200-day moving average is $28.78. The company has a market cap of $4.103 billion and a P/E ratio of 104.79.
Plains GP Holdings (NASDAQ:PAGP) last released its earnings data on Wednesday, August 6th. The company reported $0.50 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.50. The company had revenue of $11.20 billion for the quarter, compared to the consensus estimate of $10.51 billion. On average, analysts predict that Plains GP Holdings will post $0.49 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on PAGP. Analysts at Barclays raised their price target on shares of Plains GP Holdings from $32.00 to $34.00 in a research note on Friday, August 8th. Separately, analysts at Ladenburg Thalmann initiated coverage on shares of Plains GP Holdings in a research note on Tuesday, July 1st. They set a “buy” rating and a $36.00 price target on the stock. Finally, 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. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.40.
Plains GP Holdings, L.P has direct and indirect partnership interests in Plains All American Pipeline, L.
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