Plains All American Pipeline LP [NASDAQ: PAA] stock went on a downward path that fall over -1.43% on Tuesday, amounting to a one-week price decrease of less than -6.85%.
Over the last 12 months, PAA stock rose by 31.35%. The one-year Plains All American Pipeline LP stock forecast points to a potential upside of 8.97. The average equity rating for PAA stock is currently 2.41, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $12.10 billion, with 701.01 million shares outstanding and 459.09 million shares in the current float. Compared to the average trading volume of 3.39M shares, PAA stock reached a trading volume of 6480269 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Plains All American Pipeline LP [PAA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PAA shares is $18.96 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PAA stock is a recommendation set at 2.41. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Scotiabank have made an estimate for Plains All American Pipeline LP shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on April 08, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Sell. The new note on the price target was released on October 06, 2023, representing the official price target for Plains All American Pipeline LP stock. Previously, the target price had yet another raise to $15, while Barclays analysts kept a Underweight rating on PAA stock. On September 06, 2023, analysts increased their price target for PAA shares from 14 to 15.50.
The Average True Range (ATR) for Plains All American Pipeline LP is set at 0.35, with the Price to Sales ratio for PAA stock in the period of the last 12 months amounting to 0.25. The Price to Book ratio for the last quarter was 1.49, with the Price to Cash per share for the same quarter was set at 0.64. Price to Free Cash Flow for PAA in the course of the last twelve months was 5.58 with Quick ratio for the last quarter at 0.87.
PAA Stock Performance Analysis:
Plains All American Pipeline LP [PAA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.85. With this latest performance, PAA shares gained by 2.19% in over the last four-week period, additionally plugging by 11.64% over the last 6 months – not to mention a rise of 31.35% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PAA stock in for the last two-week period is set at 45.49, with the RSI for the last a single of trading hit 37.25, and the three-weeks RSI is set at 50.19 for Plains All American Pipeline LP [PAA]. The present Moving Average for the last 50 days of trading for this stock 16.84, while it was recorded at 17.73 for the last single week of trading, and 15.61 for the last 200 days.
Insight into Plains All American Pipeline LP Fundamentals:
Plains All American Pipeline LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.87 and a Current Ratio set at 0.98.
PAA Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PAA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Plains All American Pipeline LP go to -1.70%.
Plains All American Pipeline LP [PAA] Institutonal Ownership Details
The top three institutional holders of PAA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in PAA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PAA stock with ownership which is approximately 5.8386%.
