Plains Group Holdings L.P. (PAGP) Receives ‘Analyst’ Rating

Plains Group Holdings L.P. (PAGP) has an average broker rating of 2.61, which is interpreted as a Hold, as rated by 18 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 14 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Plains Group Holdings L.P. (PAGP) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $14 and the lowest price target forecast is $10. The average forecast of all the analysts is $11.8 and the expected standard deviation is $1.2.


Also, Major Brokerage house, Citigroup maintains its ratings on Plains Group Holdings L.P. (NYSE:PAGP). In the latest research report, Citigroup raises the target price from $12 per share to $12.5 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 17, 2016.

Plains Group Holdings L.P. (NYSE:PAGP): The stock opened in the green at $11.45 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $11.57 and a low of $11.26 for the day. The stock did not find buyers even at the lows and closed at $11.3 recording a loss of -1.14%. 2,346,408 shares exchanged hands during the trading day. The stock had closed at $11.43 in the previous days trading.

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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