Equities research analysts at Deutsche Bank started coverage on shares of Plains All American Pipeline (NYSE:PAA) in a research note issued to investors on Thursday, The Fly reports. The brokerage set a “buy” rating on the pipeline company’s stock.

PAA has been the topic of several other research reports. Jefferies Group restated a “buy” rating and set a $25.00 price objective on shares of Plains All American Pipeline in a research report on Friday, January 12th. Bank of America lowered their price objective on shares of Plains All American Pipeline from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. Robert W. Baird set a $22.00 price objective on shares of Plains All American Pipeline and gave the company a “hold” rating in a research report on Wednesday, February 7th. Barclays cut shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and set a $26.00 price objective on the stock. in a research report on Wednesday, January 17th. Finally, Seaport Global Securities upgraded shares of Plains All American Pipeline from a “neutral” rating to a “buy” rating and raised their price objective for the company from $23.00 to $25.00 in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $26.44.

Shares of Plains All American Pipeline stock traded down $0.30 on Thursday, hitting $24.32. 2,244,717 shares of the company traded hands, compared to its average volume of 3,546,678. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.73 and a current ratio of 0.88. The stock has a market cap of $18,405.73, a P/E ratio of 25.87 and a beta of 0.74. Plains All American Pipeline has a 12-month low of $18.38 and a 12-month high of $30.72.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings data on Tuesday, February 6th. The pipeline company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.16). The company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $6.37 billion. Plains All American Pipeline had a net margin of 3.26% and a return on equity of 10.01%. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. analysts predict that Plains All American Pipeline will post 1.35 earnings per share for the current year.

A number of large investors have recently modified their holdings of PAA. American Assets Investment Management LLC purchased a new position in Plains All American Pipeline in the 4th quarter worth $103,000. Welch Group LLC purchased a new position in Plains All American Pipeline in the 4th quarter worth $134,000. Captrust Financial Advisors purchased a new position in Plains All American Pipeline in the 4th quarter worth $158,000. SeaCrest Wealth Management LLC bought a new stake in Plains All American Pipeline in the 4th quarter worth $166,000. Finally, MPI Investment Management Inc. bought a new stake in Plains All American Pipeline in the 4th quarter worth $288,000. Institutional investors own 43.84% of the company’s stock.

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Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

The Fly

Analyst Recommendations for Plains All American Pipeline (NYSE:PAA)

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