Plains All American Pipeline LP (NASDAQ: PAA) has reported E.P.S. of $0.29 for its first fiscal quarter (ending March 31) versus $0.52 for the same period a year ago — a decline of -44%. This performance was $-0.21 short of the consensus estimate of $0.50. E.P.S. were $1.16 for the latest four quarters through March 31 versus $1.52 for the same period a year ago — a decline of -24%.
Recent Price Action
On 5/3/24, Plains All American Pipeline LP (NASDAQ: PAA) stock increased 1.5%, closing at $17.49. Moreover, trading volume in this advance was unusually high at 161% of normal. Relative to the market the stock has been strong over the last nine months but has declined -3.2% during the last week.
Current PriceTarget Research Rating
PAA is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Plains All American Pipeline has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Plains All American Pipeline has a slightly positive Appreciation Score of 68 and a good Power Rating of 77, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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