Robert W. Baird upgraded shares of Plains All Amer (NYSE:PAA) from a neutral rating to an outperform rating in a research report sent to investors on Thursday morning, TheFlyOnTheWall.com reports.
Plains All Amer (NYSE:PAA) opened at 51.52 on Thursday. Plains All Amer has a 52 week low of $44.15 and a 52 week high of $59.52. The stock has a 50-day moving average of $51.47 and a 200-day moving average of $53.82. The company has a market cap of $17.669 billion and a price-to-earnings ratio of 17.67.
Plains All Amer (NYSE:PAA) last announced its earnings results on Monday, November 4th. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.03. The company had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter last year, the company posted $0.73 earnings per share. Plains All Amer’s revenue was up 14.4% compared to the same quarter last year. On average, analysts predict that Plains All Amer will post $3.06 earnings per share for the current fiscal year.
A number of other firms have also recently commented on PAA. Analysts at Zacks reiterated a neutral rating on shares of Plains All Amer in a research note to investors on Thursday, November 7th. They now have a $55.00 price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Plains All Amer from $64.00 to $62.00 in a research note to investors on Wednesday, November 6th. Finally, analysts at Jefferies Group initiated coverage on shares of Plains All Amer in a research note to investors on Thursday, October 24th. They set a buy rating and a $52.25 price target on the stock. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $60.56.
Plains All American Pipeline, L.P. (NYSE:PAA) is engaged in the transportation, storage, terminalling and marketing of crude oil and refined products, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids (NGL).
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