Plains All American Pipeline (NYSE:PAA – Get Free Report) has been assigned a $22.00 target price by stock analysts at Mizuho in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm currently has an “outperform” rating on the pipeline company’s stock. Mizuho’s target price would suggest a potential upside of 19.50% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Raymond James Financial reissued a “strong-buy” rating on shares of Plains All American Pipeline in a research report on Friday, May 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $20.00 target price on shares of Plains All American Pipeline in a report on Friday, May 16th. Morgan Stanley reissued an “equal weight” rating and issued a $23.00 price target on shares of Plains All American Pipeline in a research note on Friday, May 9th. Barclays reissued an “underweight” rating and issued a $18.00 price target on shares of Plains All American Pipeline in a research note on Friday, May 9th. Finally, Wall Street Zen raised shares of Plains All American Pipeline from a “hold” rating to a “buy” rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.50.
Read Our Latest Report on Plains All American Pipeline
Plains All American Pipeline Stock Up 3.8%
Plains All American Pipeline (NYSE:PAA – Get Free Report) last released its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. On average, equities analysts anticipate that Plains All American Pipeline will post 1.52 earnings per share for the current fiscal year.
Institutional Trading of Plains All American Pipeline
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC increased its stake in shares of Plains All American Pipeline by 4.7% during the fourth quarter. Larson Financial Group LLC now owns 13,083 shares of the pipeline company’s stock worth $223,000 after buying an additional 583 shares during the period. Farther Finance Advisors LLC boosted its holdings in Plains All American Pipeline by 107.0% in the first quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 657 shares in the last quarter. Capital Advisory Group Advisory Services LLC boosted its holdings in shares of Plains All American Pipeline by 2.5% in the first quarter. Capital Advisory Group Advisory Services LLC now owns 28,450 shares of the pipeline company’s stock valued at $569,000 after acquiring an additional 685 shares during the period. Prossimo Advisors LLC boosted its holdings in shares of Plains All American Pipeline by 6.6% in the first quarter. Prossimo Advisors LLC now owns 12,343 shares of the pipeline company’s stock valued at $247,000 after acquiring an additional 764 shares during the period. Finally, Financial Sense Advisors Inc. boosted its holdings in shares of Plains All American Pipeline by 4.8% in the first quarter. Financial Sense Advisors Inc. now owns 16,793 shares of the pipeline company’s stock valued at $336,000 after acquiring an additional 766 shares during the period. 41.78% of the stock is currently owned by hedge funds and other institutional investors.
About Plains All American Pipeline
Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.
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