Plains All American Pipeline, L.P. (NYSE:PAA) was upgraded by analysts at UBS AG from an “outperform” rating to a “strong-buy” rating in a research note issued to investors on Monday.

Several other analysts also recently weighed in on the company. Raymond James Financial, Inc. upgraded Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Monday, May 22nd. They noted that the move was a valuation call. Mizuho upgraded Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Monday, July 10th. Jefferies Group LLC restated a “hold” rating and issued a $28.00 price objective (up from $27.00) on shares of Plains All American Pipeline, L.P. in a report on Friday, July 21st. Stifel Nicolaus decreased their price objective on Plains All American Pipeline, L.P. from $32.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, May 10th. Finally, Barclays PLC upgraded Plains All American Pipeline, L.P. from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Plains All American Pipeline, L.P. currently has a consensus rating of “Hold” and an average price target of $29.22.

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) opened at 20.63 on Monday. The firm has a 50-day moving average of $23.85 and a 200-day moving average of $27.71. Plains All American Pipeline, L.P. has a 12-month low of $18.82 and a 12-month high of $33.95. The firm has a market capitalization of $14.95 billion, a PE ratio of 15.92 and a beta of 0.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last released its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.26 by $0.05. The firm had revenue of $6.08 billion during the quarter, compared to the consensus estimate 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%. The business’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.12) earnings per share. Equities analysts anticipate that Plains All American Pipeline, L.P. will post $1.49 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This piece of content was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/plains-all-american-pipeline-l-p-paa-rating-increased-to-strong-buy-at-ubs-ag/1530664.html.

A number of large investors have recently modified their holdings of PAA. Brookfield Asset Management Inc. raised its stake in shares of Plains All American Pipeline, L.P. by 1.7% in the second quarter. Brookfield Asset Management Inc. now owns 1,295,300 shares of the pipeline company’s stock worth $34,028,000 after buying an additional 21,400 shares in the last quarter. WFG Advisors LP raised its stake in shares of Plains All American Pipeline, L.P. by 24.9% in the second quarter. WFG Advisors LP now owns 66,841 shares of the pipeline company’s stock worth $1,756,000 after buying an additional 13,304 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Plains All American Pipeline, L.P. by 6.7% in the second quarter. Toronto Dominion Bank now owns 306,235 shares of the pipeline company’s stock worth $8,043,000 after buying an additional 19,100 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Plains All American Pipeline, L.P. during the second quarter worth approximately $693,000. Finally, Advisory Services Network LLC raised its stake 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 buying an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 42.08% of the company’s stock.

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)

Receive News & Ratings for Plains All American Pipeline L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains All American Pipeline L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.