At the time of writing, Plains GP Holdings LP [PAGP] stock is trading at $18.30, down -1.98%. An important factor to consider is whether the stock is rising or falling in short-term value. The PAGP shares have gain 0.11% over the last week, with a monthly amount drifted -2.97%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On September 25, 2023, downgrade downgraded it’s rating to Underweight but maintained its price target of $15 on the stock. Citigroup downgraded its rating to a Neutral and increased its price target to $15.50 on September 06, 2023. Raymond James upgraded its rating to a Strong Buy and raised its price target to $17 on April 21, 2023. Citigroup started tracking with a Buy rating for this stock on December 09, 2022, and assigned it a price target of $14. In a note dated November 21, 2022, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $15 to $14.
For the past year, the stock price of Plains GP Holdings LP fluctuated between $13.47 and $19.77. Currently, Wall Street analysts expect the stock to reach $15.95 within the next 12 months. Plains GP Holdings LP [NASDAQ: PAGP] shares were valued at $18.30 at the most recent close of the market. An investor can expect a potential drop of -12.84% based on the average PAGP price forecast.
Analyzing the PAGP fundamentals
According to Plains GP Holdings LP [NASDAQ:PAGP], the company’s sales were 48.52B for trailing twelve months, which represents an -1.41% plunge. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.18.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.15 points at the first support level, and at 18.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.52, and for the 2nd resistance point, it is at 18.74.
Ratios To Look Out For
It is important to note that Plains GP Holdings LP [NASDAQ:PAGP] has a current ratio of 0.97. On the other hand, the Quick Ratio is 0.88, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.07, the price to book ratio is 2.38 and price to earnings (TTM) ratio is 20.97.
Transactions by insiders
Recent insider trading involved Chiang Willie CW, Chairman & CEO, that happened on Sep 28 ’23 when 62000.0 shares were purchased.
