At the time of writing, Plains All American Pipeline LP [PAA] stock is trading at $17.32, up 1.41%. 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 1.11% over the last week, with a monthly amount drifted -5.41%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Plains All American Pipeline LP [NASDAQ: PAA] stock has seen the most recent analyst activity on December 18, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $20 from $22. Previously, Morgan Stanley downgraded its rating to Equal-Weight on October 25, 2024, and dropped its price target to $19. Barclays downgraded its rating to Underweight for this stock on September 25, 2023, but kept the price target unchanged to $15. In a note dated September 06, 2023, Citigroup downgraded an Neutral rating on this stock and boosted its target price from $14 to $15.50.
For the past year, the stock price of Plains All American Pipeline LP fluctuated between $15.02 and $19.17. Currently, Wall Street analysts expect the stock to reach $18 within the next 12 months. Plains All American Pipeline LP [NASDAQ: PAA] shares were valued at $17.32 at the most recent close of the market. An investor can expect a potential return of 3.93% based on the average PAA price forecast.
Analyzing the PAA fundamentals
According to Plains All American Pipeline LP [NASDAQ:PAA], the company’s sales were 50.57B for trailing twelve months, which represents an 4.10% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.59.
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 17.12 points at the first support level, and at 16.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.45, and for the 2nd resistance point, it is at 17.58.
Ratios To Look Out For
It is important to note that Plains All American Pipeline LP [NASDAQ:PAA] has a current ratio of 1.01. Also, the Quick Ratio is 0.92, while the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 0.24, the price to book ratio is 1.54 and price to earnings (TTM) ratio is 15.41.
