Analysts Set Plains All American Pipeline, L.P. (NYSE:PAA) Target Price at $20.50

Plains All American Pipeline, L.P. (NYSE:PAA - Get Free Report) has received an average recommendation of "Hold" from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $20.36.

Several equities research analysts recently weighed in on the company. Raymond James Financial restated a "strong-buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. Barclays reissued an "underweight" rating and issued a $18.00 price target on shares of Plains All American Pipeline in a report on Friday, May 9th. Citigroup dropped 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. Wall Street Zen upgraded Plains All American Pipeline from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $20.00 price objective on shares of Plains All American Pipeline in a research report on Friday, May 16th.

Plains All American Pipeline Price Performance

Shares of Plains All American Pipeline stock traded up $0.43 during trading on Friday, hitting $18.51. 1,783,577 shares of the stock traded hands, compared to its average volume of 3,239,281. The stock has a market cap of $13.01 billion, a price-to-earnings ratio of 25.35 and a beta of 0.66. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. Plains All American Pipeline has a 52 week low of $15.58 and a 52 week high of $21.00. The firm's fifty day moving average is $17.41 and its 200-day moving average is $18.42.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.39 EPS for the quarter, missing analysts' consensus estimates 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%. During the same quarter in the prior year, the firm earned $0.41 EPS. The firm's revenue for the quarter was up .1% compared to the same quarter last year. Research analysts expect that Plains All American Pipeline will post 1.52 EPS for the current fiscal year.

Institutional Trading of Plains All American Pipeline

Several institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its stake in Plains All American Pipeline by 110.4% during the 4th quarter. Barclays PLC now owns 4,226,335 shares of the pipeline company's stock valued at $72,186,000 after purchasing an additional 2,218,014 shares during the last quarter. BROOKFIELD Corp ON lifted its holdings in shares of Plains All American Pipeline by 50.2% during the first quarter. BROOKFIELD Corp ON now owns 5,698,359 shares of the pipeline company's stock valued at $113,967,000 after purchasing an additional 1,904,261 shares in the last quarter. Invesco Ltd. raised its position in Plains All American Pipeline by 6.4% in the 1st quarter. Invesco Ltd. now owns 29,599,382 shares of the pipeline company's stock worth $591,988,000 after buying an additional 1,771,452 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Plains All American Pipeline by 7.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,144,687 shares of the pipeline company's stock worth $422,894,000 after buying an additional 1,524,185 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Plains All American Pipeline by 8.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,297,594 shares of the pipeline company's stock valued at $261,283,000 after acquiring an additional 1,211,286 shares during the period. 41.78% of the stock is owned by hedge funds and other institutional investors.

About Plains All American Pipeline

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.