Cracking The Code: Understanding Analyst Reviews For Plains All American
In the preceding three months, 9 analysts have released ratings for Plains All American (NASDAQ:PAA), presenting a wide array of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 3 | 2 | 0 | 1 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 2 | 1 | 1 | 0 | 1 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $20.22, along with a high estimate of $23.00 and a low estimate of $16.00. This current average has increased by 10.01% from the previous average price target of $18.38.
Exploring Analyst Ratings: An In-Depth Overview
In examining recent analyst actions, we gain insights into how financial experts perceive Plains All American. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Robert Kad | Morgan Stanley | Raises | Overweight | $20.00 | $19.00 |
| Elvira Scotto | RBC Capital | Raises | Sector Perform | $18.00 | $17.00 |
| Michael Blum | Wells Fargo | Raises | Overweight | $20.00 | $19.00 |
| Spiro Dounis | Citigroup | Raises | Neutral | $18.00 | $17.50 |
| Selman Akyol | Stifel | Raises | Buy | $22.00 | $18.00 |
| Shneur Gershuni | UBS | Raises | Buy | $22.00 | $21.00 |
| John Mackay | Goldman Sachs | Raises | Sell | $16.00 | $14.50 |
| Tristan Richardson | Scotiabank | Announces | Sector Outperform | $23.00 | - |
| Neal Dingmann | Truist Securities | Raises | Buy | $23.00 | $21.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Plains All American. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Plains All American compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Plains All American's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Plains All American's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Plains All American analyst ratings.
All You Need to Know About Plains All American
Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.
Unraveling the Financial Story of Plains All American
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Challenges: Plains All American's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -2.8%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.
Net Margin: Plains All American's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 1.69%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Plains All American's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.96%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Plains All American's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.74%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Plains All American's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.79.
The Basics of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.