Throughout the last three months, 9 analysts have evaluated Plains All American (NASDAQ:PAA), offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within 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 | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 2 | 0 | 0 |
| 3M Ago | 2 | 1 | 0 | 0 | 1 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $20.11, a high estimate of $23.00, and a low estimate of $16.00. This current average has increased by 9.41% from the previous average price target of $18.38.
Investigating Analyst Ratings: An Elaborate Study
An in-depth analysis of recent analyst actions unveils 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 |
|---|---|---|---|---|---|
| Shneur Gershuni | UBS | Raises | Buy | $22.00 | $21.00 |
| 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 | - |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Plains All American. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Plains All American compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Plains All American's stock. This analysis reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Plains All American's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Plains All American analyst ratings.
Discovering Plains All American: A Closer Look
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 All American: Delving into Financials
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 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 is below industry averages, indicating potential 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 falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 1.96%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Plains All American's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.74%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Plains All American's debt-to-equity ratio is below the industry average at 0.79, reflecting a lower dependency on debt financing and a more conservative financial approach.
Analyst Ratings: What Are They?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.