Mizuho Forecasts Strong Price Appreciation for Plains All American Pipeline (NYSE:PAA) Stock

Plains All American Pipeline (NYSE:PAA - Get Free Report) had its price objective upped by equities research analysts at Mizuho from $20.00 to $22.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the pipeline company's stock. Mizuho's price target points to a potential upside of 18.89% from the stock's current price.

Several other brokerages also recently issued reports on PAA. Barclays reaffirmed an "underweight" rating and set a $18.00 price target on shares of Plains All American Pipeline in a report on Friday, May 9th. Citigroup reduced their target price on shares of Plains All American Pipeline from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $20.00 price target on shares of Plains All American Pipeline in a research note on Friday, May 16th. Raymond James Financial restated a "strong-buy" rating on shares of Plains All American Pipeline in a research report on Friday, May 9th. Finally, UBS Group restated a "buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $20.50.

Plains All American Pipeline Stock Performance

NYSE PAA traded up $0.76 on Wednesday, hitting $18.50. 2,744,771 shares of the stock were exchanged, compared to its average volume of 3,175,874. The company has a market capitalization of $13.01 billion, a PE ratio of 25.34 and a beta of 0.66. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The business's fifty day moving average is $17.22 and its 200 day moving average is $18.41. Plains All American Pipeline has a 52 week low of $15.58 and a 52 week high of $21.00.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last issued its earnings results on Friday, May 9th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. Research analysts anticipate that Plains All American Pipeline will post 1.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Plains All American Pipeline

A number of large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in Plains All American Pipeline by 107.0% in the first quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company's stock valued at $26,000 after buying an additional 657 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of Plains All American Pipeline in the 4th quarter valued at approximately $27,000. Jones Financial Companies Lllp boosted its stake in shares of Plains All American Pipeline by 1,684.0% in the 4th quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company's stock valued at $61,000 after purchasing an additional 3,368 shares in the last quarter. North Capital Inc. bought a new stake in shares of Plains All American Pipeline during the 1st quarter valued at approximately $61,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in shares of Plains All American Pipeline during the 1st quarter valued at approximately $68,000. 41.78% of the stock is currently owned by institutional investors and hedge funds.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.

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