Credit Suisse Group began coverage on shares of Plains All American Pipeline (NYSE:PAA) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set an “outperform” rating and a $30.00 price target on the pipeline company’s stock. Credit Suisse Group’s price target suggests a potential upside of 21.56% from the stock’s previous close.

A number of other analysts have also issued reports on PAA. ValuEngine upgraded shares of Plains All American Pipeline from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Sanford C. Bernstein lowered shares of Plains All American Pipeline from an “outperform” rating to a “market perform” rating in a research report on Monday, June 18th. Zacks Investment Research upgraded shares of Plains All American Pipeline from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, July 12th. BMO Capital Markets restated a “buy” rating and set a $27.00 target price on shares of Plains All American Pipeline in a research report on Friday, July 13th. Finally, Bank of America upgraded shares of Plains All American Pipeline from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $27.75.

PAA stock opened at $24.68 on Thursday. The company has a market capitalization of $18.15 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81. Plains All American Pipeline has a 12 month low of $18.38 and a 12 month high of $27.70. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 1.05.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings results on Tuesday, August 7th. The pipeline company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.23 by $0.15. The business had revenue of $8.08 billion for the quarter, compared to analyst estimates of $8.18 billion. Plains All American Pipeline had a net margin of 2.04% and a return on equity of 12.80%. Equities analysts anticipate that Plains All American Pipeline will post 1.63 EPS for the current fiscal year.

In other Plains All American Pipeline news, VP Chris Herbold sold 10,591 shares of Plains All American Pipeline stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $26.35, for a total value of $279,072.85. Following the transaction, the vice president now owns 34,227 shares in the company, valued at approximately $901,881.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Plains All American Pipeline in the 2nd quarter valued at $270,000. Centaurus Financial Inc. acquired a new position in shares of Plains All American Pipeline in the 2nd quarter valued at $109,000. Stuart Chaussee & Associates Inc. acquired a new position in shares of Plains All American Pipeline in the 2nd quarter valued at $162,000. Penn Davis Mcfarland Inc. purchased a new position in shares of Plains All American Pipeline in the 2nd quarter valued at $201,000. Finally, Leavell Investment Management Inc. purchased a new position in shares of Plains All American Pipeline in the 2nd quarter valued at $211,000. Institutional investors own 45.88% of the company’s stock.

About Plains All American Pipeline

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.

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

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