Plains GP Holdings LP [NASDAQ: PAGP] price surged by 3.97 percent to reach at $0.82.
The one-year PAGP stock forecast points to a potential downside of -2.92. The average equity rating for PAGP stock is currently 2.27, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Plains GP Holdings LP [PAGP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PAGP shares is $20.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PAGP stock is a recommendation set at 2.27. 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.
Wolfe Research have made an estimate for Plains GP Holdings LP shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 10, 2025. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $22 to $20. The new note on the price target was released on December 18, 2024, representing the official price target for Plains GP Holdings LP stock. Previously, the target price had yet another drop from $22 to $19, while Morgan Stanley kept a Equal-Weight rating on PAGP stock.
The Average True Range (ATR) for Plains GP Holdings LP is set at 0.50, with the Price to Sales ratio for PAGP stock in the period of the last 12 months amounting to 0.33. The Price to Book ratio for the last quarter was 2.90, with the Price to Cash per share for the same quarter was set at 0.83. Price to Free Cash Flow for PAGP in the course of the last twelve months was 7.69 with Quick ratio for the last quarter at 0.92.
PAGP Stock Performance Analysis:
Plains GP Holdings LP [PAGP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.83. With this latest performance, PAGP shares gained by 12.34% in over the last four-week period, additionally plugging by 9.09% over the last 6 months – not to mention a rise of 30.96% 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 PAGP stock in for the last two-week period is set at 79.51, with the RSI for the last a single of trading hit 88.40, and the three-weeks RSI is set at 73.01 for Plains GP Holdings LP [PAGP]. The present Moving Average for the last 50 days of trading for this stock 18.95, while it was recorded at 20.58 for the last single week of trading, and 18.70 for the last 200 days.
Insight into Plains GP Holdings LP Fundamentals:
Plains GP Holdings LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.92 and a Current Ratio set at 1.01.
Plains GP Holdings LP [PAGP] Institutonal Ownership Details
There are presently around $82.84%, or 85.14%% of PAGP stock, in the hands of institutional investors. The top three institutional holders of PAGP stocks are: TORTOISE CAPITAL ADVISORS, L.L.C. with ownership of 11.67 million shares, which is approximately 5.9223%. MASSACHUSETTS FINANCIAL SERVICES CO /MA/, holding 10.02 million shares of the stock with an approximate value of $$188.66 million in PAGP stocks shares; and MASSACHUSETTS FINANCIAL SERVICES CO /MA/, currently with $$188.28 million in PAGP stock with ownership which is approximately 5.0783%.
