Plains All American Pipeline, L.P. (NYSE:PAA) Receives $13.32 Average Target Price from Analysts

Plains All American Pipeline, L.P. (NYSE:PAAGet Rating) has received a consensus rating of “Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $13.32.

Several brokerages recently weighed in on PAA. StockNews.com began coverage on Plains All American Pipeline in a research note on Thursday, March 31st. They set a “buy” rating for the company. Bank of America increased their target price on Plains All American Pipeline from $10.50 to $11.00 and gave the company an “underperform” rating in a research note on Tuesday, January 18th. Raymond James decreased their target price on Plains All American Pipeline from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Friday, February 11th. TD Securities increased their target price on Plains All American Pipeline from $13.50 to $14.00 and gave the company a “buy” rating in a research note on Friday, February 11th. Finally, Wolfe Research upgraded Plains All American Pipeline from a “peer perform” rating to an “outperform” rating in a research report on Monday, January 10th.

Institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley increased its holdings in Plains All American Pipeline by 17.8% during the 2nd quarter. Morgan Stanley now owns 8,074,642 shares of the pipeline company’s stock valued at $91,727,000 after purchasing an additional 1,217,831 shares in the last quarter. Aull & Monroe Investment Management Corp acquired a new stake in Plains All American Pipeline during the 3rd quarter valued at $107,000. Moloney Securities Asset Management LLC acquired a new stake in Plains All American Pipeline during the 3rd quarter valued at $114,000. Lehman & Derafelo Financial Resources LLC increased its holdings in Plains All American Pipeline by 27.5% during the 3rd quarter. Lehman & Derafelo Financial Resources LLC now owns 13,595 shares of the pipeline company’s stock valued at $138,000 after purchasing an additional 2,930 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new stake in Plains All American Pipeline during the 3rd quarter valued at $176,000. 45.28% of the stock is owned by institutional investors and hedge funds.

Shares of PAA traded down $0.15 during trading hours on Monday, hitting $11.16. 2,891,967 shares of the company were exchanged, compared to its average volume of 4,808,451. The company has a market cap of $7.87 billion, a PE ratio of 20.29 and a beta of 1.96. The firm’s 50 day moving average is $10.79 and its 200-day moving average is $10.41. Plains All American Pipeline has a 52 week low of $8.64 and a 52 week high of $12.38. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 0.98.

Plains All American Pipeline (NYSE:PAAGet Rating) last announced its earnings results on Wednesday, February 9th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). Plains All American Pipeline had a net margin of 1.29% and a return on equity of 10.21%. The business had revenue of $12.95 billion for the quarter, compared to the consensus estimate of $10.01 billion. During the same quarter in the previous year, the company earned $0.29 EPS. As a group, equities analysts forecast that Plains All American Pipeline will post 1.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 13th. Stockholders of record on Friday, April 29th will be issued a $0.2175 dividend. The ex-dividend date of this dividend is Thursday, April 28th. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.18. This represents a $0.87 dividend on an annualized basis and a dividend yield of 7.80%. Plains All American Pipeline’s dividend payout ratio is presently 130.91%.

Plains All American Pipeline Company Profile (Get Rating)

Plains All American Pipeline LP engages in the provision of logistics services and owns midstream energy infrastructure. It operates through the following business segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment includes transporting crude oil and natural gas liquids (NGL) on pipelines, gathering systems, and trucks.

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

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