Could Plains GP Holdings, LP (PAGP) Change Direction After This Multiple Bottom

Lloyd Doyle
March 2, 2018

It has a 22.56 P/E ratio. The pipeline company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.25). After having $-0.08 EPS previously, Rosetta Stone Inc.'s analysts see 262.50% EPS growth. (NYSE PAA) traded up $0.28 during trading hours on Thursday, hitting $21.38. About 8,330 shares traded. Rosetta Stone Inc. (NYSE:RST) has risen 48.31% since February 28, 2017 and is uptrending. It has outperformed by 30.91% the S&P500.

Investors sentiment decreased to 0.63 in Q3 2017. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.00 and a quick ratio of 0.78.

Large investors have recently bought and sold shares of the business. 35 funds opened positions while 82 raised stakes. 41,107 were accumulated by Morgan Stanley. (NYSE:LUV). Annex Advisory Service Ltd Liability Corporation invested 0.33% in Southwest Airlines Co. (NYSE:RST) for 16,300 shares. The institutional investor held 180,000 shares of the energy company at the end of 2017Q3, valued at $3.81 million, up from 165,000 at the end of the previous reported quarter. Viking Fund Management Llc sold 220,000 shares as the company's stock declined 3.98% while stock markets rallied. (NASDAQ:AVAV). State Common Retirement Fund has 0% invested in AeroVironment, Inc. Moreover, Suntrust Banks has 0% invested in AeroVironment, Inc. Rnc Cap Mngmt Limited Company has 0.12% invested in General Electric Company (NYSE:GE). (NASDAQ:AVAV). Glenmede Na accumulated 1,772 shares. Bridgeway Cap Mgmt has invested 0.03% in Rosetta Stone Inc. The Investment House Llc holds 30,010 shares with $636,000 value, down from 50,010 last quarter. Huntington Steele Lc holds 0.51% or 81,713 shares.

Viking Fund Management Llc decreased its stake in Rpc Inc (RES) by 18.33% based on its latest 2017Q3 regulatory filing with the SEC. Fragasso Group owns 16,974 shares for 0.11% of their portfolio. The company has market cap of $409.52 million. It operates through three divisions: Enterprise & Education Language, Literacy, and Consumer. The firm develops, markets, and supports a suite of language-learning, literacy, and brain fitness solutions consisting of software products, Web software subscriptions, online and professional services, audio practice products, and mobile applications. Umb Bank & Trust N A Mo holds 0.03% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA) for 38,883 shares. Moors Cabot Inc reported 39,691 shares. Center Coast Lp holds 4.81% or 9.16M shares. First Natl holds 28,918 shares or 0.07% of its portfolio.

Ratings analysis reveals 75% of Plains All American's analysts are positive.


Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. The lowest target is $21.0 while the high is $22.0. The stock now has an average rating of "Hold" and an average price target of $26.61.

PAA has been the topic of several recent research reports. On Thursday, October 27 the stock rating was upgraded by JP Morgan to "Overweight".

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings results on Tuesday, February 6th. On Monday, December 21 the stock rating was downgraded by Oppenheimer to "Perform". Investors who are keeping close eye on the stock of Plains All American Pipeline, L.P. (NYSE:PAA) established that the company was able to keep return on investment at 8.34 in the trailing twelve month while Reuters data showed that industry's average stands at 36.29 and sector's optimum level is 34.79. The firm has "Sector Outperform" rating given on Monday, August 24 by Scotia Capital. Finally, Stifel Nicolaus reiterated a "hold" rating and set a $24.00 price objective (up from $22.00) on shares of Plains All American Pipeline in a research note on Thursday, February 8th. Oakworth Cap stated it has 0.02% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA). Citigroup maintained it with "Buy" rating and $40 target in Friday, August 7 report. It dropped, as 62 investors sold Plains All American Pipeline, L.P. shares while 124 reduced holdings. They expect $0.35 earnings per share, up 2.94 % or $0.01 from last year's $0.34 per share. PAA's profit will be $224.81 million for 17.28 P/E if the $0.31 EPS becomes a reality. Barclays cut Plains GP from an "overweight" rating to an "equal weight" rating and set a $26.00 target price on the stock.in a research note on Wednesday, January 17th. PAGP has diverse figures for different time frames; starting from week's performance plunged -3.26% in last five regular trading sessions. Plains All American Pipeline, L.P. (NYSE:PAA) has risen 11.50% since March 1, 2017 and is uptrending. For the Current month, 3 analysts have assigned this stock as Buy where 5 assigned Outperform, 4 analysts believe it's a Hold, 0 said Underperform and only 0 assigned Sell rating.

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