Plains All American Pipeline (PAA) Receives Average Recommendation of "Hold" from Analysts

Marco Green
April 20, 2018

At the close of regular trading, its last week's stock price volatility was 1.94% which for the month reaches 1.41%. Since April 19, 2017 PAA has declined 30.85% and is downtrending. It has outperformed by 32.51% the S&P500.

Oceanic Investment Management Ltd decreased its stake in Teekay Lng Partners LP (TGP) by 19.27% based on its latest 2017Q4 regulatory filing with the SEC. 335,946 shares were bought by Eagle Global Advisors Llc as the company's stock rose 2.32% while stock markets declined. The business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $6.42 billion. Brookfield Asset Management Inc who had been investing in Plains All Amern Pipeline L for a number of months, seems to be bullish on the $19.58B market cap company. The overall volume in the last trading session was 4.18 million shares. Plains All American Pipeline has a 52 week low of $18.38 and a 52 week high of $30.72.

The Dow Jones Industrial Average fell 38.56 points, or 0.16%, to 24,748.07, the S&P 500 gained 2.25 points, or 0.08%, to 2,708.64 and the Nasdaq Composite added 14.14 points, or 0.19%, to 7,295.24. California Public Employees Retirement System lifted its stake in shares of Plains All American Pipeline by 150.8% in the 3rd quarter.

Analysts await Edwards Lifesciences Corporation (NYSE:EW) to report earnings on April, 24 after the close. Plains All American Pipeline LP had 110 analyst reports since August 6, 2015 according to SRatingsIntel. EW's profit will be $233.68M for 31.42 P/E if the $1.11 EPS becomes a reality. It's up from 4.75M at the end of the previous reported quarter. Stock has got OUTPERFORM rating from 1 of Thomson Reuters analysts, 9 given HOLD rating to the stock and 1 given UNDERPERFORM rating. Therefore 50% are positive. Edwards Lifesciences Corp had 109 analyst reports since July 30, 2015 according to SRatingsIntel. The stock rating was upgraded by Morgan Stanley to "Buy" on Tuesday, February 13. On Wednesday, November 8 the rating was maintained by Stifel Nicolaus with "Hold". Barclays cut Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and set a $26.00 target price for the a research report on Wednesday, January 17th. The company's revenue was up 27.8% on a year-over-year basis. The stock of Edwards Lifesciences Corporation (NYSE:EW) has "Buy" rating given on Monday, September 4 by Canaccord Genuity. As per Thursday, August 6, the company rating was maintained by Oppenheimer. They issued a "neutral" rating for the company.

World equity markets climbed to approach a four-week high on Wednesday, as shareholders' appetite for the riskier asset was boosted by upbeat earnings from companies in Europe and the US.

Share of Plains All American Pipeline, L.P. (PAA) have caught the attention of the Wall Street community. They expect $0.33 EPS, up 22.22% or $0.06 from last year's $0.27 per share. Kayne Anderson Capital Advisors Lp bought 264,760 shares as the company's stock rose 2.32% while stock markets declined. (NYSE:WY) by 81,520 shares to 133,906 shares, valued at $4.72M in 2017Q4, according to the filing.

During Q4 2017 the big money sentiment increased to 0.72. Its up 0.09, from 0.63 in 2017Q3. 311.82 million shares or 2.74% more from 303.49 million shares in 2017Q3 were reported. State Street accumulated 54,233 shares. Bollard Group LLC increased its position in shares of Plains All American Pipeline, 9.0% in the third quarter. Yorkville Cap Mgmt Limited Liability owns 31,673 shares or 0.79% of their U.S. portfolio. The stock decreased 2.99% or $0.76 during the last trading session, reaching $24.62.

Plains All American Pipeline (NYSE:PAA) last released its earnings results on Tuesday, February 6th. Verity & Verity Ltd Liability holds 42,486 shares or 0.26% of its portfolio. 1,635 are held by Perigon Wealth Ltd Liability Co. Bank of America started coverage on shares of Plains All American Pipeline in a report on Tuesday, January 9th. Plains All American Pipeline's payout ratio is 127.66%. Catawba Management Va owns 25,260 shares. Signaturefd Ltd Co reported 17,600 shares stake. Plains All American Pipeline had a net margin of 3.26% and a return on equity of 10.01%. HCA Healthcare, given 8 buy-equivalent recommendations, 0 sells and 5 holds. Therefore 50% are positive. On Monday, January 4 the stock rating was downgraded by Raymond James to "Mkt Perform". As per Wednesday, January 13, the company rating was downgraded by CapitalOne. On Thursday, February 8 Stifel Nicolaus maintained the shares of PAA in report with "Hold" rating. A rating of 3 would show a mean Hold recommendation.

PAA has been the subject of several research reports. The rating was upgraded by Raymond James to "Outperform" on Monday, May 22.

WARNING: "Plains All American Pipeline (PAA) Earns Buy Rating from Analysts at Deutsche Bank" was posted by Macon Daily and is the property of of Macon Daily.

Every trading day indicate diverse behavior and trends about Plains All American Pipeline, L.P. (PAA) stock. Zacks Investment Research lowered Plains All American Pipeline, L.P. from a "buy" rating to a "hold" rating in a research report on Thursday, February 2nd.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Other reports by Click Lancashire

Discuss This Article