Morgan Stanley Increases Plains All American Pipeline (NYSE:PAA) Price Target to $23.00

Plains All American Pipeline (NYSE:PAA) had its target price increased by stock analysts at Morgan Stanley from $19.00 to $23.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the pipeline company’s stock. Morgan Stanley’s target price suggests a potential upside of 12.86% from the company’s current price.

A number of other equities analysts have also weighed in on PAA. Raymond James boosted their target price on Plains All American Pipeline from $23.00 to $24.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, January 28th. Wells Fargo & Company cut shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $22.00 to $20.00 in a report on Wednesday, December 18th. Barclays raised their target price on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Scotiabank lowered their price target on Plains All American Pipeline from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a report on Thursday, March 6th. Finally, Wolfe Research raised Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.23.

Plains All American Pipeline Stock Up 1.0 %

Plains All American Pipeline stock opened at $20.38 on Tuesday. Plains All American Pipeline has a 12 month low of $16.21 and a 12 month high of $21.00. The stock has a fifty day simple moving average of $20.00 and a two-hundred day simple moving average of $18.40. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The firm has a market cap of $14.34 billion, a price-to-earnings ratio of 27.92 and a beta of 1.62.

Institutional Investors Weigh In On Plains All American Pipeline

A number of institutional investors and hedge funds have recently bought and sold shares of PAA. Wilmington Savings Fund Society FSB purchased a new stake in shares of Plains All American Pipeline during the third quarter worth about $27,000. Newbridge Financial Services Group Inc. purchased a new stake in Plains All American Pipeline during the 4th quarter valued at approximately $27,000. National Bank of Canada FI bought a new stake in shares of Plains All American Pipeline during the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp lifted its holdings in shares of Plains All American Pipeline by 1,684.0% in the fourth quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company’s stock worth $61,000 after buying an additional 3,368 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new position in shares of Plains All American Pipeline during the fourth quarter worth $97,000. 41.78% of the stock is owned by institutional investors.

About Plains All American Pipeline

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.