A share price of Plains All American Pipeline LP [PAA] is currently trading at $18.57, up 1.42%. An important factor to consider is whether the stock is rising or falling in short-term value. The PAA shares have gain 5.69% over the last week, with a monthly amount glided 13.30%, 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.
Plains All American Pipeline LP experienced fluctuations in its stock price throughout the past year between $14.46 and $19.17. 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 $18.57 at the most recent close of the market. An investor can expect a potential drop of -15.08% based on the average PAA price forecast.
Analyzing the PAA fundamentals
Trailing Twelve Months sales for Plains All American Pipeline LP [NASDAQ:PAA] were 50.57B which represents 4.10% growth. Gross Profit Margin for this corporation currently stands at 0.27% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.59.
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 18.35 points at the first support level, and at 18.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.69, and for the 2nd resistance point, it is at 18.80.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Plains All American Pipeline LP [NASDAQ:PAA] is 1.01. On the other hand, the Quick Ratio is 0.92, and the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 0.26, the price to book ratio is 1.65 and price to earnings (TTM) ratio is 16.52.
