Analyst Ratings for Plains All American Pipeline L.P. (PAA)

Updated: 2017-07-28

Plains All American Pipeline L.P. (NYSE:PAA) was awarded an average rating of Overweight from investment analysts following the stock. PAA had previously received a consensus rating of Overweight a month ago.

10 analysts declared PAA a buy, 4 gave an overweight rating, 13 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 2. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Many analysts weighed in on price targets for PAA. The most optimistic price target was 37, implying potential capital gains of 39.52 percent. The most pessimistic analyst gave a price target of 24, implying a possible loss of -9.5 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -1.45 percent. The average change in earnings estimates over the last 90 days is -13.12 percent. Meanwhile, fiscal year estimates have been revised downwards by -1.79 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.63 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, while 3 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 1 analysts that revised their FY estimates downwards.

Analysts estimate earnings of PAA to grow at a rate of 83.75 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of PAA is 0.34.

PAA has traded between a high of 33.95 and a low of 23.21 over the past year. The current market price is above the trailing year's low by 14.26 percent, and below the high by 21.89 percent. PAA has a price/earnings ratio of 28.83. Investors typically compare the P/E ratio to a company's peers in the industry. The PAA value stock report compares PAA to some of its peers using value stock charts. The market cap of PAA is $19.03 billion. PAA is estimated to release their earnings results for the quarter on 0000-00-00, days from today.