.png "Plains All American (NYSE: PAA)")
BMO Capital analyst Danilo Juvane reiterated a Buy rating on Plains All American (NYSE: PAA) yesterday and set a price target of $29. The company’s shares closed on Friday at $27.27, close to its 52-week high of $27.70.
According to TipRanks.com, Juvane is a 4-star analyst with an average return of 13.0% and a 77.6% success rate. Juvane covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP Holdings LLC, Enterprise Products Partners LP, and Cheniere Energy Partners LP.
Plains All American has an analyst consensus of Moderate Buy, with a price target consensus of $27.33, a 0.2% upside from current levels. In a report issued on August 8, SunTrust Robinson also reiterated a Buy rating on the stock with a $29 price target.
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Based on Plains All American’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $8.43 billion and net profit of $99 million. In comparison, last year the company earned revenue of $5.98 billion and had a net profit of $183 million.
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Plains All American Pipeline LP engages in the provision of transportation, storage, terminalling and marketing of crude oil, refined products and other natural gas-related petroleum products. It operates through the following business segments: Transportation, Facilities, and Supply & Logistics.
