Plains GP Hldgs (NYSE:PAGP) Rating Reaffirmed
They currently have a $12.0 target price on Plains GP Hldgs (NYSE:PAGP). The target price by Wunderlich would suggest a potential upside of 31.15% from the company’s last stock price. This has been revealed to investors in an analyst research report on 14 December.
From a total of 21 analysts covering Plains GP Holdings LP (NYSE:PAGP) stock, 14 rate it a ”Buy”, 0 a “Sell”, and 10 a ”Hold”. This means that 58% of the ratings are positive. The highest target price is $31 while the lowest target price is $10. The mean of all analyst targets is $18.43 with a 132.79% above today’s ($9.15) stock price. Plains GP Holdings LP was the topic of 13 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Morgan Stanley downgraded shares on November 5 to “Equal-Weight” rating. Citigroup upgraded shares to “Buy” rating and $21 target share price in a report from an August 7. Global Hunter Securities upgraded PAGP stock in a recent report from September 9 to “Accumulate” rating. Goldman Sachs downgraded the rating on August 6. Goldman Sachs has a “Neutral” rating and a $21 price target on shares. Finally, Oppenheimer maintained the stock with “Outperform” rating in a report issued on an August 11.
The stock closed the day at $9.15 during the previous session. It is down 68.76% since May 11, 2015 and is downtrending. It has underperformed by 64.35% the S&P500.
The overall sentiment of institutions has decreased to 0.94 in Q2 2015. Its down 0.37, from 1.31 in 2015Q2. The ratio dived, as 48 institutions have sold all the shares of Plains GP Holdings LP that they owned while 67 funds have taken shares off the table. 25 funds have purchased shares for the first time while 83 added to their positions. These institutions now hold 208.59 million shares or 0.66% more than the 207.21 million shares they owned in 2015Q2.
The Fund Zimmer Partners Lp currently is holding shares equating to 8.36% of its total portfolio in Plains GP Holdings LP representing a total of 6.28 million shares. Another fund,Salient Capital Advisors Llc, is holding a total of 11.64 million shares equating to 4.95% of their holdings. Additionally, Rr Advisors Llc has a 1.43 million share stake in Plains GP Holdings LP which represents 4.07% of their total portfolio. The Fund, Eagle Global Advisors Llc, based out of Texas, has also built up a stake in the stock, which represents a total of 3.54% of their total portfolio. Finally Partners Group Holding Ag, a fund which is based in the state of Switzerland reported a total holdings of 517,200 shares.
Plains GP Holdings, L.P. , owns an interest in the general partner and incentive distribution rights of Plains All American Pipeline, L.P (PAA). The company has a market cap of $5.55 billion. The Firm has no separate operating activities apart from those conducted by PAA. It has 16.12 P/E ratio. PAA owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products.
According to Zacks Investment Research, “Plains GP Holdings, L.P. operates as a holding company. The Company, through its subsidiaries, is involved in the transportation, storage, terminalling, and marketing of crude oil and refined products. It also focuses on the processing, transportation, fractionation, storage, and marketing of natural gas liquids, including ethane and natural gasoline products, as well as propane and butane products. Plains GP Holdings, L.P. is based in Houston, Texas.”