In a report released yesterday, Matthew Phillips from Guggenheim reiterated a Hold rating on Plains All American (NYSE: PAA), with a price target of $24. The company’s shares closed yesterday at $26.74, close to its 52-week high of $26.75.
According to TipRanks.com, Phillips is a 4-star analyst with an average return of 16.2% and a 74.2% success rate. Phillips covers the Basic Materials sector, focusing on stocks such as Targa Resources Corp, Cheniere Energy Inc, and Oneok.
Plains All American has an analyst consensus of Moderate Buy, with a price target consensus of $26.90, a 0.6% upside from current levels. In a report issued on August 7, Stifel Nicolaus also reiterated a Hold rating on the stock with a $26 price target.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $26.75 and a one-year low of $18.38. Currently, Plains All American has an average volume of 2.23M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
