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J.P. Morgan Sticks to Their Hold Rating for Plains All American (PAA)

Tipranks - Tipranks - Wed Apr 15, 7:33AM CDT

J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on Plains All American yesterday and set a price target of $24.00. The company’s shares closed yesterday at $21.74.

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Tonet covers the Energy sector, focusing on stocks such as Cheniere Energy, Oneok, and Pembina Pipeline. According to TipRanks, Tonet has an average return of 9.3% and a 61.37% success rate on recommended stocks.

Currently, the analyst consensus on Plains All American is a Hold with an average price target of $22.09.

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Based on Plains All American’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.56 billion and a net profit of $342 million. In comparison, last year the company earned a revenue of $12.4 billion and had a net profit of $36 million

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