Plains All American Pipeline (NYSE:PAA)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a research note issued on Thursday, Marketbeat Ratings reports. They currently have a $24.00 target price on the pipeline company’s stock, up from their previous target price of $22.00. Stifel Nicolaus’ price target suggests a potential upside of 11.52% from the company’s current price.

PAA has been the topic of several other reports. Jefferies Group reiterated a “buy” rating and issued a $25.00 price target on shares of Plains All American Pipeline in a research report on Friday, January 12th. Barclays downgraded shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and set a $26.00 price target on the stock. in a research report on Wednesday, January 17th. Bank of America initiated coverage on shares of Plains All American Pipeline in a research report on Tuesday, January 9th. They issued a “neutral” rating on the stock. Credit Suisse Group initiated coverage on shares of Plains All American Pipeline in a research report on Thursday, January 4th. They issued an “outperform” rating and a $25.00 price target on the stock. Finally, Robert W. Baird set a $20.00 price target on shares of Plains All American Pipeline and gave the stock a “hold” rating in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $26.74.

Shares of Plains All American Pipeline (PAA) opened at $21.52 on Thursday. Plains All American Pipeline has a fifty-two week low of $18.38 and a fifty-two week high of $33.01. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.00 and a quick ratio of 0.78. The stock has a market cap of $16,050.00, a P/E ratio of 23.39 and a beta of 0.87.

Plains All American Pipeline (NYSE:PAA) last issued its earnings results on Tuesday, February 6th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.16). Plains All American Pipeline had a return on equity of 9.93% and a net margin of 3.26%. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same quarter in the prior year, the business posted $0.37 EPS. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. analysts expect that Plains All American Pipeline will post 1.54 EPS for the current fiscal year.

In other news, VP Chris Herbold sold 10,171 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $20.25, for a total transaction of $205,962.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. raised its position in shares of Plains All American Pipeline by 2.8% during the 4th quarter. Alps Advisors Inc. now owns 34,909,603 shares of the pipeline company’s stock valued at $720,534,000 after purchasing an additional 950,633 shares during the period. JPMorgan Chase & Co. raised its position in shares of Plains All American Pipeline by 19.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,489,794 shares of the pipeline company’s stock valued at $201,184,000 after purchasing an additional 1,562,189 shares during the period. Center Coast Capital Advisors LP raised its position in shares of Plains All American Pipeline by 13.0% during the 3rd quarter. Center Coast Capital Advisors LP now owns 9,155,804 shares of the pipeline company’s stock valued at $194,011,000 after purchasing an additional 1,056,634 shares during the period. Commonwealth Bank of Australia raised its position in shares of Plains All American Pipeline by 455.9% during the 3rd quarter. Commonwealth Bank of Australia now owns 7,039,650 shares of the pipeline company’s stock valued at $148,562,000 after purchasing an additional 5,773,314 shares during the period. Finally, Atlantic Trust Group LLC raised its position in shares of Plains All American Pipeline by 33.4% during the 3rd quarter. Atlantic Trust Group LLC now owns 6,669,879 shares of the pipeline company’s stock valued at $141,334,000 after purchasing an additional 1,668,416 shares during the period. Hedge funds and other institutional investors own 43.20% of the company’s stock.

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About Plains All American Pipeline

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 (NYSE:PAA)

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