Plains All American Pipeline LP [NASDAQ: PAA] price plunged by -2.98 percent to reach at -$0.5.
The one-year PAA stock forecast points to a potential upside of 19.42. The average equity rating for PAA stock is currently 2.38, trading closer to a bullish pattern in the stock market.
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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 $20.19 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 2.38. 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.
Morgan Stanley have made an estimate for Plains All American Pipeline LP shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on October 25, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price to Neutral. The new note on the price target was released on October 17, 2024, representing the official price target for Plains All American Pipeline LP stock. Previously, the target price had yet another raise to $23, while Scotiabank analysts kept a Sector Outperform rating on PAA stock.
The Average True Range (ATR) for Plains All American Pipeline LP is set at 0.30, with the Price to Sales ratio for PAA stock in the period of the last 12 months amounting to 0.23. The Price to Book ratio for the last quarter was 1.43, with the Price to Cash per share for the same quarter was set at 0.79. Price to Free Cash Flow for PAA in the course of the last twelve months was 7.22 with Quick ratio for the last quarter at 0.90.
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 -4.85. With this latest performance, PAA shares dropped by -6.17% in over the last four-week period, additionally sinking by -5.57% over the last 6 months – not to mention a rise of 7.39% 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 25.30, with the RSI for the last a single of trading hit 16.11, and the three-weeks RSI is set at 31.94 for Plains All American Pipeline LP [PAA]. The present Moving Average for the last 50 days of trading for this stock 17.46, while it was recorded at 16.70 for the last single week of trading, and 17.29 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 0.90 and a Current Ratio set at 1.00.
PAA Stock EPS
With the latest financial reports released by the company, Plains All American Pipeline LP posted 0.35/share EPS, while the average EPS was predicted by analysts to be reported at 0.26/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.09. 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.
Plains All American Pipeline LP [PAA] Institutonal Ownership Details
There are presently around $42.29%, or 64.19%% of PAA stock, in the hands of institutional investors. The top three institutional holders of PAA stocks are: ALPS ADVISORS INC with ownership of 63.68 million shares, which is approximately 9.0838%. BLACKSTONE INC., holding 29.64 million shares of the stock with an approximate value of $$529.3 million in PAA stocks shares; and BLACKSTONE INC., currently with $$487.15 million in PAA stock with ownership which is approximately 3.891%.
