Plains GP Holdings LP [PAGP] stock is trading at $19.93, up 6.12%. An important factor to consider is whether the stock is rising or falling in short-term value. The PAGP shares have gain 8.43% over the last week, with a monthly amount glided 1.79%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Plains GP Holdings LP [NASDAQ: PAGP] 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 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 GP Holdings LP [PAGP] stock has fluctuated between $15.78 and $20.10 over the past year. Currently, Wall Street analysts expect the stock to reach $21.5 within the next 12 months. Plains GP Holdings LP [NASDAQ: PAGP] shares were valued at $19.93 at the most recent close of the market. An investor can expect a potential return of 7.88% based on the average PAGP price forecast.
Analyzing the PAGP fundamentals
Plains GP Holdings LP [NASDAQ:PAGP] reported sales of 50.53B for the trailing twelve months, which represents a growth 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 of0.54.
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 19.20 points at the first support level, and at 18.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.32, and for the 2nd resistance point, it is at 20.70.
Ratios To Look Out For
For context, Plains GP Holdings LP’s Current Ratio is 1.01. On the other hand, the Quick Ratio is 0.92, and the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 2.69 and price to earnings (TTM) ratio is 23.61.
