Plains All American Pipeline Lp (NASDAQ:PAA) Stock Has Consensus Target Price of $25.80

Shares of Plains All American Pipeline Lp (NASDAQ:PAA) have been given a consensus rating of “Hold” by the eighteen research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $25.87.

PAA has been the topic of a number of recent analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $28.00 price objective on shares of Plains All American Pipeline in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Plains All American Pipeline from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Jefferies Financial Group started coverage on shares of Plains All American Pipeline in a research report on Friday, October 9th. They set a “buy” rating and a $27.00 target price on the stock. Morgan Stanley lifted their price objective on Plains All American Pipeline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 18th. Finally, Royal Bank Of Canada upped their target price on Plains All American Pipeline from $23.00 to $26.00 and gave the company a “sector perform” rating in a report on Monday, August 17th.

Hedge Funds Weigh In On Plains All American Pipeline

Hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its holdings in shares of Plains All American Pipeline by 0.7% in the second quarter. Parkside Financial Bank & Trust now owns 60,291 shares of the company’s stock worth $1,342,000 after acquiring an additional 392 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Plains All American Pipeline by 1.6% during the first quarter. D.A. Davidson & CO. now owns 28,439 shares of the company’s stock valued at $635,000 after acquiring an additional 453 shares during the last quarter. Ulland Investment Advisors LLC boosted its stake in shares of Plains All American Pipeline by 4.3% during the third quarter. Ulland Investment Advisors LLC now owns 12,000 shares of the company’s stock valued at $285,000 after acquiring an additional 500 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in Plains All American Pipeline by 1.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 30,124 shares of the company’s stock worth $671,000 after purchasing an additional 509 shares in the last quarter. Finally, HB Wealth Management LLC raised its stake in Plains All American Pipeline by 3.4% in the 2nd quarter. HB Wealth Management LLC now owns 15,988 shares of the company’s stock valued at $356,000 after purchasing an additional 525 shares during the last quarter. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Performance

NASDAQ PAA opened at $25.89 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $24.91 and its two-hundred day moving average is $23.47. Plains All American Pipeline has a 12-month low of $16.00 and a 12-month high of $26.39. The stock has a market capitalization of $18.27 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 9.03 and a beta of 0.57.

Plains All American Pipeline (NASDAQ:PAA) last issued its earnings results on Friday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.09). The business had revenue of $17.69 billion for the quarter. Plains All American Pipeline had a return on equity of 12.13% and a net margin of 5.29%. The company’s quarterly revenue was up 66.3% on a year-over-year basis. During the same period last year, the business posted $0.36 earnings per share. Research analysts expect that Plains All American Pipeline will post 1.73 EPS for the current year.

Plains All American Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a dividend of $0.4175 per share. This represents a $1.67 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Friday, October 30th. Plains All American Pipeline’s payout ratio is currently 46.26%.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P. is a midstream energy infrastructure company that provides logistics services for crude oil and natural gas liquids (NGLs). Rather than primarily exploring for or producing hydrocarbons, the company operates assets that help gather, transport, store and deliver energy commodities from production areas to refineries, processing facilities and other markets.

The company’s operations include pipeline transportation systems, gathering networks, storage facilities, rail and truck transportation, and terminal and export infrastructure.