Plains GP Holdings LP [PAGP] stock prices are up 1.54% to $18.51 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PAGP shares have gain 1.04% over the last week, with a monthly amount glided 0.54%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Plains GP Holdings LP [NASDAQ: PAGP] 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 stick to its price target of $15 on September 25, 2023. Citigroup downgraded its rating to a Neutral and raised its price target to $15.50 on September 06, 2023. Raymond James upgraded its rating to Strong Buy for this stock on April 21, 2023, and upped its price target to $17. In a note dated December 09, 2022, Citigroup initiated an Buy rating and provided a target price of $14 on this stock.
The stock price of Plains GP Holdings LP [PAGP] has been fluctuating between $14.93 and $20.10 over the past year. Currently, Wall Street analysts expect the stock to reach $16.05 within the next 12 months. Plains GP Holdings LP [NASDAQ: PAGP] shares were valued at $18.51 at the most recent close of the market. An investor can expect a potential drop of -13.29% based on the average PAGP price forecast.
Analyzing the PAGP fundamentals
The Plains GP Holdings LP [NASDAQ:PAGP] reported sales of 50.53B for trailing twelve months, representing a surge of 4.10%. Gross Profit Margin for this corporation currently stands at 0.28% 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 0.02, Equity is 0.11 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.
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 18.33 points at the first support level, and at 18.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.64, and for the 2nd resistance point, it is at 18.78.
Ratios To Look Out For
It’s worth pointing out that Plains GP Holdings LP [NASDAQ:PAGP]’s Current Ratio is 1.01. As well, the Quick Ratio is 0.92, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 0.28, the price to book ratio is 2.50 and price to earnings (TTM) ratio is 21.93.
