In a report released yesterday, Tristan Richardson from SunTrust Robinson reiterated a Buy rating on Plains GP Holdings (NYSE: PAGP), with a price target of $29. The company’s shares closed yesterday at $26.04, close to its 52-week high of $26.50.
According to TipRanks.com, Richardson is a 3-star analyst with an average return of 4.5% and a 55.4% success rate. Richardson covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Valero Energy Partners, and Andeavor Logistics LP.
Currently, the analyst consensus on Plains GP Holdings is a Moderate Buy with an average price target of $27.14, which is a 4.2% upside from current levels. In a report issued on July 27, Seaport Global also reiterated a Buy rating on the stock with a $28 price target.
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The company has a one-year high of $26.50 and a one-year low of $18.98. Currently, Plains GP Holdings has an average volume of 1.5M.
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Plains GP Holdings LP operates as a holding company. Its subsidiaries engaged in the transportation, storage, terminalling and marketing of crude oil and refined products, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids. The company was founded in August 2007 and is headquartered in Houston, TX.
