Handle With Care: Plains All American Pipeline LP (NASDAQ: PAA)

Currently, there are 701.01M common shares owned by the public and among those 459.06M shares have been available to trade.

However, the script later moved the day high at 16.83, down -1.85%. The company’s stock has a 5-day price change of 4.04% and 20.72% over the past three months. PAA shares are trading 22.31% year to date (YTD), with the 12-month market performance up to 44.31% higher. It has a 12-month low price of $12.07 and touched a high of $19.03 over the same period. PAA has an average intraday trading volume of 3.18 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.43%, 11.70%, and 19.69% respectively.

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Institutional ownership of Plains All American Pipeline LP (NASDAQ: PAA) shares accounts for 41.25% of the company’s 701.01M shares outstanding.

It has a market capitalization of $12.99B and a beta (3y monthly) value of 1.56. The stock’s trailing 12-month PE ratio is 13.27, while the earnings-per-share (ttm) stands at $1.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.22% over the week and 1.62% over the month.

Earnings per share for the fiscal year are expected to decrease by -6.83%, and 0.61% over the next financial year. EPS should grow at an annualized rate of -1.70% over the next five years, compared to -12.41% over the past 5-year period.

Looking at the support for the PAA, a number of firms have released research notes about the stock. Scotiabank stated their Sector Outperform rating for the stock in a research note on April 08, 2024, with the firm’s price target at $23. Goldman coverage for the Plains All American Pipeline LP (PAA) stock in a research note released on October 06, 2023 offered a Sell rating with a price target of $13.50. Barclays was of a view on September 25, 2023 that the stock is Underweight, while Citigroup gave the stock Neutral rating on September 06, 2023, issuing a price target of $14- $15.50. Raymond James on their part issued Strong Buy rating on April 21, 2023.

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