Peeling Back The Layers: Exploring Plains GP Holdings Through Analyst Insights
In the preceding three months, 4 analysts have released ratings for Plains GP Holdings (NASDAQ:PAGP), presenting a wide array of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 1 | 1 | 1 | 1 |
| Last 30D | 0 | 0 | 0 | 1 | 1 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $18.62, a high estimate of $23.00, and a low estimate of $16.00. This upward trend is apparent, with the current average reflecting a 18.83% increase from the previous average price target of $15.67.
Investigating Analyst Ratings: An Elaborate Study
The standing of Plains GP Holdings among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| 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 | - |
| Spiro Dounis | Citigroup | Raises | Neutral | $17.50 | $16.50 |
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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Plains GP Holdings compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Plains GP Holdings's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Plains GP Holdings's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Plains GP Holdings analyst ratings.
All You Need to Know About Plains GP Holdings
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.
Plains GP Holdings: A Financial Overview
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Plains GP Holdings's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -1.96%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Plains GP Holdings's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 0.41%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 3.38%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Plains GP Holdings's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.18%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 5.18, caution is advised due to increased financial risk.
What Are Analyst Ratings?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.