Plains All American Pipeline, L.P. (NYSE:PAA)‘s stock had its “hold” rating restated by Robert W. Baird in a note issued to investors on Friday. They currently have a $21.00 price target on the pipeline company’s stock. Robert W. Baird’s price objective would suggest a potential downside of 0.43% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Plains All American Pipeline, L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. UBS AG upgraded shares of Plains All American Pipeline, L.P. from an “outperform” rating to a “strong-buy” rating in a report on Monday, August 28th. Raymond James Financial, Inc. upgraded shares of Plains All American Pipeline, L.P. from an “outperform” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday, August 28th. Jefferies Group LLC reiterated a “hold” rating and set a $28.00 target price (up from $27.00) on shares of Plains All American Pipeline, L.P. in a report on Friday, July 21st. Finally, Bank of America Corporation reduced their target price on shares of Plains All American Pipeline, L.P. from $26.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Plains All American Pipeline, L.P. presently has a consensus rating of “Hold” and a consensus target price of $27.52.

Plains All American Pipeline, L.P. (PAA) traded down $0.26 during trading hours on Friday, hitting $21.09. 1,481,500 shares of the company were exchanged, compared to its average volume of 2,966,905. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.94 and a quick ratio of 0.69. The stock has a market cap of $15,294.24, a PE ratio of 25.41 and a beta of 1.01. Plains All American Pipeline, L.P. has a 1 year low of $18.76 and a 1 year high of $33.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last released its earnings results on Monday, November 6th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $6.24 billion. Plains All American Pipeline, L.P. had a return on equity of 9.15% and a net margin of 3.22%. Plains All American Pipeline, L.P.’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share. equities analysts predict that Plains All American Pipeline, L.P. will post 1.14 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in the stock. Alps Advisors Inc. raised its stake in Plains All American Pipeline, L.P. by 10.9% during the 3rd quarter. Alps Advisors Inc. now owns 33,958,970 shares of the pipeline company’s stock worth $719,591,000 after acquiring an additional 3,346,596 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in Plains All American Pipeline, L.P. by 0.8% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 33,341,100 shares of the pipeline company’s stock worth $875,871,000 after acquiring an additional 255,459 shares in the last quarter. JPMorgan Chase & Co. grew its position in Plains All American Pipeline, L.P. by 19.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,489,794 shares of the pipeline company’s stock worth $201,184,000 after purchasing an additional 1,562,189 shares during the last quarter. Center Coast Capital Advisors LP grew its position in Plains All American Pipeline, L.P. by 13.0% during the 3rd quarter. Center Coast Capital Advisors LP now owns 9,155,804 shares of the pipeline company’s stock worth $194,011,000 after purchasing an additional 1,056,634 shares during the last quarter. Finally, Chickasaw Capital Management LLC grew its position in Plains All American Pipeline, L.P. by 3.7% during the 2nd quarter. Chickasaw Capital Management LLC now owns 6,936,802 shares of the pipeline company’s stock worth $182,230,000 after purchasing an additional 248,302 shares during the last quarter. Hedge funds and other institutional investors own 41.46% 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)

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