Plains All American Pipeline, L.P. (NYSE:PAA) has received an average recommendation of “Hold” from the twenty-five ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $27.22.

PAA has been the topic of a number of recent research reports. BidaskClub downgraded shares of Plains All American Pipeline, L.P. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Jefferies Group LLC raised shares of Plains All American Pipeline, L.P. from a “hold” rating to a “buy” rating and decreased their price target for the company from $28.00 to $23.00 in a research note on Monday, August 21st. Zacks Investment Research downgraded shares of Plains All American Pipeline, L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. UBS Group AG (USA) raised shares of Plains All American Pipeline, L.P. from an “outperform” rating to a “strong-buy” rating in a research note on Monday, August 28th. Finally, Scotiabank set a $36.00 price target on shares of Plains All American Pipeline, L.P. and gave the company a “buy” rating in a research note on Saturday, July 22nd.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Plains All American Pipeline, L.P. by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,872,670 shares of the pipeline company’s stock worth $101,735,000 after purchasing an additional 19,466 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Plains All American Pipeline, L.P. by 5.1% in the second quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock worth $121,000 after purchasing an additional 223 shares during the last quarter. Rothschild Investment Corp IL grew its holdings in shares of Plains All American Pipeline, L.P. by 3.1% in the second quarter. Rothschild Investment Corp IL now owns 99,975 shares of the pipeline company’s stock worth $2,626,000 after purchasing an additional 3,050 shares during the last quarter. Bollard Group LLC grew its holdings in shares of Plains All American Pipeline, L.P. by 2.0% in the second quarter. Bollard Group LLC now owns 333,220 shares of the pipeline company’s stock worth $8,754,000 after purchasing an additional 6,461 shares during the last quarter. Finally, Bridges Investment Counsel Inc. grew its holdings in shares of Plains All American Pipeline, L.P. by 131.4% in the second quarter. Bridges Investment Counsel Inc. now owns 31,141 shares of the pipeline company’s stock worth $818,000 after purchasing an additional 17,685 shares during the last quarter. Hedge funds and other institutional investors own 41.75% of the company’s stock.

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Plains All American Pipeline, L.P. (NYSE:PAA) traded down $0.36 during mid-day trading on Friday, hitting $20.24. 3,065,445 shares of the stock traded hands, compared to its average volume of 2,579,379. The stock has a market cap of $14.66 billion, a PE ratio of 19.81 and a beta of 1.01. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 1.12.

Plains All American Pipeline, L.P. (NYSE:PAA) last released its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.05). The business had revenue of $6.08 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Plains All American Pipeline, L.P. had a net margin of 4.42% and a return on equity of 10.14%. Plains All American Pipeline, L.P.’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.12) EPS. analysts anticipate that Plains All American Pipeline, L.P. will post 1.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date of this dividend is Monday, October 30th. Plains All American Pipeline, L.P.’s payout ratio is presently 165.41%.

Plains All American Pipeline, L.P. Company Profile

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

Analyst Recommendations for Plains All American Pipeline, L.P. (NYSE:PAA)

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