Price targets rise
Plains All American Pipeline stock has risen ~18%, and Plains GP Holdings stock has risen ~10% so far in 2018. The stocks have outperformed the Alerian MLP ETF (AMLP) and the Energy Select Sector SPDR ETF (XLE) in that period. XLE has risen ~1%, and AMLP has fallen ~2% year-to-date.
Analyst recommendations for PAA
The above graph shows analysts’ recommendations and the mean price target for Plains All American Pipeline over the last 12 months. The mean price target for the stock has risen from $24.30 in September 2017 to $27.70 currently.
Of the 24 Reuters-surveyed analysts covering Plains All American Pipeline, five have rated the stock a “strong buy,” eight have rated it a “buy,” and ten have rated it a “hold.” One analyst has rated it a “strong sell.”
The mean price target of $27.70 implies an upside potential of ~10% from its current price of $25.20.
Recommendations for PAGP
Of the 19 analysts covering Plains GP Holdings, five have rated the stock a “strong buy,” seven have rated it a “buy,” and six have rated it a “hold.” One has rated it a “strong sell.”
The mean price target for Plains GP Holdings is $27.90. That implies an upside potential of 13% from its current price of $24.64.