Analyst Rating Update on Plains Group Holdings L.P. (PAGP)

Plains Group Holdings L.P. (PAGP) : 19 analysts are covering Plains Group Holdings L.P. (PAGP) and their average rating on the stock is 2.74, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Plains Group Holdings L.P. (PAGP) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 16 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Plains Group Holdings L.P. (PAGP) : The highest level Plains Group Holdings L.P. (PAGP) is projected to reach is $13 for the short term and the lowest estimate is at $9. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $11.13 and the possibility the share price can swing is $1.17.

Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Baird upgrades its rating on Plains Group Holdings L.P. (NYSE:PAGP).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on July 13, 2016.


Plains Group Holdings L.P. (NYSE:PAGP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.49 and $10.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.79, notching a gain of 5.37% for the day. The total traded volume was 3,827,769 . The stock had closed at $10.24 on the previous day.

Plains GP Holdings, L.P. (PAGP), owns an interest in the general partner and incentive distribution rights of Plains All American Pipeline, L.P (PAA). The Company has no separate operating activities apart from those conducted by PAA. PAA owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. PAAs operational segments include Transportation, Facilities, and Supply and Logistics. The transportation segment operations consist of fee-based activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. The facilities segment operations consist of fee-based activities associated with providing storage, terminalling and throughput services for crude oil, refined products, NGL and natural gas. The supply and logistics segment operations consist of merchant-related activities.

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