Plains All American Pipeline, L.P. (PAA)'s average Piotroski F-Score: 6 during the last 7 years. Scotiabank's target price would suggest a potential upside of 76.44% from the stock's previous close.
A number of other equities analysts also recently commented on PAGP. Macquarie reiterated an "outperform" rating and issued a $37.00 target price on shares of Plains Group Holdings, L.P.in a report on Friday, April 21st. BidaskClub cut Plains Group Holdings, L.P. from a "buy" rating to a "hold" rating in a report on Tuesday. Additionally Plains Group Holdings, L.P. Cla declared a dividend for shareholders which will be paid on Monday the 14th of August 2017. Creative Planning's holdings in Plains Group Holdings, L.P. were worth $442,000 at the end of the most recent reporting period. Fourteen analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. Analysts have a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Plains Group Holdings, L.P. (NYSE:PAGP) opened at 20.97 on Friday. In this case, shares are 5.05% higher from $20.2, the worst price in 52 weeks suffered on August 08, 2017, but are collecting gains at -33.03% for the past six months. The firm has a 50-day moving average price of $26.00 and a 200 day moving average price of $29.44. Plains All American Pipeline, L.P. has a 12-month low of $20.00 and a 12-month high of $33.95. The company has a market capitalization of $3.19 billion, a P/E ratio of 50.29 and a beta of 1.48.
Plains All American Pipeline, L.P. (NYSE:PAA), maintained return on investment for the last twelve months at 5.26, higher than what Reuters data shows regarding industry's average. Comparatively, PAA posted earnings of $0.41 per share in the same quarter, a year earlier. The business had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.02 billion. Plains Group Holdings, L.P.'s revenue for the quarter was up 22.8% compared to the same quarter a year ago.
An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings.
Plains All American Pipeline, L.P. (NYSE:PAA)'s share price hit a new 52-week low during mid-day trading on Tuesday following a weaker than expected earnings announcement.
TRADEMARK VIOLATION NOTICE: This story was first published by Week Herald and is the sole property of of Week Herald. If you are reading this news story on another domain, it was stolen and republished in violation of US & global trademark & copyright law. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2017/08/10/plains-group-holdings-l-p-pagp-stock-rating-lowered-by-zacks-investment-research-updated.html. Raymond James Financial, Inc. set a $24.00 target price on shares of Plains All American Pipeline, L.P. and gave the stock a "buy" rating in a research note on Wednesday. The shares were purchased at an average price of $21.53. Following the transaction, the chairman now directly owns 700,625 shares of the company's stock, valued at approximately $15,084,456.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The stock was bought at an average price of $21.25 per share, for a total transaction of $425,000.00. Return on Assets (ROA) value of the stock is 2.4 Percent. Corporate insiders own 39.93% of the company's stock.
Institutional investors have recently made changes to their positions in the company. The NYSE listed company saw a recent bid of $1.39 and 216662 shares have traded hands in the session. Private Capital Management Inc. boosted its position in Plains All American Pipeline, L.P.by 44.5% in the second quarter. Investment House LLC purchased a new position in Plains Group Holdings, L.P. during the first quarter valued at about $2,614,000. Shell Asset Management Co. increased its stake in shares of Plains Group Holdings, L.P.by 110.8% in the second quarter. Finally, Princeton Portfolio Strategies Group LLC bought a new stake in shares of Plains All American Pipeline, L.P. during the first quarter worth approximately $153,000. West Family Investments Inc sold 63,224 shares as Plains Gp Hldgs LP (PAGP)'s stock declined 11.59%.
Plains GP Holdings LP owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids, natural gas and refined products. Its business segments are Transportation, Facilities, and Supply and Logistics. The Company's transportation segment activities consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.