Plains GP Holdings (PAGP) Receives a Hold from Bank of America Securities
Bank of America Securities analyst Jean Ann Salisbury maintained a Hold rating on Plains GP Holdings today. The company’s shares closed yesterday at $18.66.
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Ann Salisbury covers the Energy sector, focusing on stocks such as Chevron, Cheniere Energy, and Delek US Holdings. According to TipRanks, Ann Salisbury has an average return of 3.2% and a 58.18% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Plains GP Holdings with a $20.14 average price target, representing a 7.93% upside. In a report released today, J.P. Morgan also maintained a Hold rating on the stock with a $20.00 price target.
Based on Plains GP Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $10.64 billion and a net profit of $30 million. In comparison, last year the company earned a revenue of $12.98 billion and had a net profit of $39 million
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- Plains GP Holdings price target lowered to $20 from $21 at JPMorgan
- Plains GP Holdings Completes $1.25 Billion Debt Offering
- Plains to buy 55% interest in EPIC Crude Holdings, transaction valued at $1.57B
- Plains GP Holdings Acquires Stake in EPIC Crude
- Plains to acquire 55% interest in EPIC crude holdings
