Plains All American Pipeline LP [PAA] stock prices are up 2.01% to $17.78 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PAA shares have gain 9.28% over the last week, with a monthly amount glided 0.62%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Plains All American Pipeline LP [NASDAQ: PAA] stock has seen the most recent analyst activity on October 25, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $19 from $22. Barclays downgraded its rating to a Underweight but $15 remained the price target by the analyst firm on September 25, 2023. Citigroup downgraded its rating to Neutral for this stock on September 06, 2023, and upped its price target to $15.50. In a note dated April 21, 2023, Raymond James upgraded an Strong Buy rating on this stock and boosted its target price from $16 to $17.
The stock price of Plains All American Pipeline LP [PAA] has been fluctuating between $14.46 and $19.17 over the past year. Currently, Wall Street analysts expect the stock to reach $15.77 within the next 12 months. Plains All American Pipeline LP [NASDAQ: PAA] shares were valued at $17.78 at the most recent close of the market. An investor can expect a potential drop of -11.3% based on the average PAA price forecast.
Analyzing the PAA fundamentals
The Plains All American Pipeline LP [NASDAQ:PAA] reported sales of 50.07B for trailing twelve months, representing a surge of 13.07%. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.78.
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 17.46 points at the first support level, and at 17.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.00, and for the 2nd resistance point, it is at 18.22.
Ratios To Look Out For
It’s worth pointing out that Plains All American Pipeline LP [NASDAQ:PAA]’s Current Ratio is 1.00. Also, the Quick Ratio is 0.90, while the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 1.56 and price to earnings (TTM) ratio is 16.16.
Transactions by insiders
Recent insider trading involved Goebel Jeremy L., EVP & CCO, that happened on Nov 21 ’23 when 35000.0 shares were sold.
