Plains All American Pipeline, L.P. (NYSE:PAA) has been assigned a $20.00 price target by equities researchers at Robert W. Baird in a report released on Thursday. The firm currently has a “hold” rating on the pipeline company’s stock. Robert W. Baird’s price target points to a potential downside of 5.93% from the company’s previous close.

Several other analysts have also recently issued reports on PAA. Jefferies Group LLC restated a “hold” rating and set a $27.00 target price on shares of Plains All American Pipeline, L.P. in a research report on Friday, June 23rd. BidaskClub upgraded shares of Plains All American Pipeline, L.P. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Mizuho upgraded shares of Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Monday, July 10th. 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 stock from $34.00 to $29.00 in a research report on Thursday, July 13th. Finally, 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 on the stock in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $28.05.

Plains All American Pipeline, L.P. (NYSE:PAA) traded down 1.57% during midday trading on Thursday, reaching $21.26. The firm has a market capitalization of $15.41 billion, a PE ratio of 16.40 and a beta of 0.98. Plains All American Pipeline, L.P. has a 52-week low of $18.82 and a 52-week high of $33.95. The firm’s 50 day moving average is $21.51 and its 200-day moving average is $25.37.

Plains All American Pipeline, L.P. (NYSE:PAA) last announced its earnings results on Monday, August 7th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.05). The business had revenue of $6.08 billion for the quarter, compared to analysts’ expectations 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%. The firm’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.12) earnings per share. On average, equities research analysts expect that Plains All American Pipeline, L.P. will post $1.53 earnings per share for the current year.

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Hedge funds have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Plains All American Pipeline, L.P. by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,872,670 shares of the pipeline company’s stock valued at $101,735,000 after purchasing an additional 19,466 shares in the last quarter. Rothschild Investment Corp IL boosted its stake in shares of Plains All American Pipeline, L.P. by 3.1% during the second quarter. Rothschild Investment Corp IL now owns 99,975 shares of the pipeline company’s stock valued at $2,626,000 after purchasing an additional 3,050 shares in the last quarter. Bollard Group LLC boosted its stake in shares of Plains All American Pipeline, L.P. by 2.0% during the second quarter. Bollard Group LLC now owns 333,220 shares of the pipeline company’s stock valued at $8,754,000 after purchasing an additional 6,461 shares in the last quarter. Bridges Investment Counsel Inc. boosted its stake in shares of Plains All American Pipeline, L.P. by 131.4% during the second quarter. Bridges Investment Counsel Inc. now owns 31,141 shares of the pipeline company’s stock valued at $818,000 after purchasing an additional 17,685 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Plains All American Pipeline, L.P. by 18.4% during the second quarter. Chicago Partners Investment Group LLC now owns 195,900 shares of the pipeline company’s stock valued at $5,839,000 after purchasing an additional 30,403 shares in the last quarter. Institutional investors and hedge funds own 42.08% of the company’s stock.

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)

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