Plains All American Pipeline, L.P. (NYSE:PAA) was downgraded by Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday, The Fly reports.

A number of other equities analysts have also recently commented on the stock. Stifel Nicolaus cut their price target on shares of Plains All American Pipeline, L.P. from $30.00 to $26.00 and set a “hold” rating for the company in a research note on Tuesday. Howard Weil cut shares of Plains All American Pipeline, L.P. from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday. Scotiabank set a $36.00 price target on shares of Plains All American Pipeline, L.P. and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $28.00 price target (up previously from $27.00) on shares of Plains All American Pipeline, L.P. in a research note on Friday, July 21st. Finally, Barclays PLC raised shares of Plains All American Pipeline, L.P. from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research note on Tuesday, July 18th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $32.64.

Shares of Plains All American Pipeline, L.P. (NYSE PAA) opened at 25.20 on Tuesday. The firm has a 50-day moving average of $25.75 and a 200-day moving average of $28.97. The firm has a market cap of $18.26 billion, a price-to-earnings ratio of 23.42 and a beta of 0.95. Plains All American Pipeline, L.P. has a 12 month low of $23.21 and a 12 month high of $33.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last released its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.05. Plains All American Pipeline, L.P. had a return on equity of 20.01% and a net margin of 6.66%. The company had revenue of $6.08 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the prior year, the firm earned ($0.12) EPS. Plains All American Pipeline, L.P.’s quarterly revenue was up 22.8% on a year-over-year basis. On average, analysts anticipate that Plains All American Pipeline, L.P. will post $1.67 EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Founders Capital Management acquired a new position in shares of Plains All American Pipeline, L.P. during the first quarter valued at about $101,000. Trust Co. of Vermont raised its position in shares of Plains All American Pipeline, L.P. by 1,260.0% in the first quarter. Trust Co. of Vermont now owns 3,400 shares of the pipeline company’s stock valued at $107,000 after buying an additional 3,150 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Plains All American Pipeline, L.P. by 23.3% in the first quarter. Parkside Financial Bank & Trust now owns 4,228 shares of the pipeline company’s stock valued at $134,000 after buying an additional 800 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Plains All American Pipeline, L.P. during the first quarter valued at about $139,000. Finally, Princeton Portfolio Strategies Group LLC acquired a new position in shares of Plains All American Pipeline, L.P. during the first quarter valued at about $153,000. Institutional investors own 44.01% 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.

The Fly

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

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