Ratings for Plains GP Holdings (NASDAQ:PAGP) were provided by 8 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 1 | 1 | 1 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 1 | 1 | 1 | 1 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts have recently evaluated Plains GP Holdings and provided 12-month price targets. The average target is $20.0, accompanied by a high estimate of $23.00 and a low estimate of $16.00. Marking an increase of 11.11%, the current average surpasses the previous average price target of $18.00.
Understanding Analyst Ratings: A Comprehensive Breakdown
In examining recent analyst actions, we gain insights into how financial experts perceive Plains GP Holdings. 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 |
| 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 | $23.00 | $22.00 |
| Theresa Chen | Barclays | Raises | Underweight | $18.00 | $16.00 |
| John Mackay | Goldman Sachs | Raises | Sell | $16.00 | $14.50 |
| Tristan Richardson | Scotiabank | Announces | Sector Outperform | $23.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Plains GP Holdings. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Plains GP Holdings compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Plains GP Holdings's stock. This examination reveals shifts in analysts' expectations over time.
For valuable insights into Plains GP Holdings'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 GP Holdings analyst ratings.
Get to Know Plains GP Holdings Better
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 GP Holdings
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Plains GP Holdings's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -2.8% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Plains GP Holdings's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 0.35%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Plains GP Holdings's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.74%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Plains GP Holdings's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.15%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Plains GP Holdings's debt-to-equity ratio is notably higher than the industry average. With a ratio of 5.35, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
The Significance of Analyst Ratings Explained
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.