Stock To Watch: Plains Group Holdings, L.P. (NYSE:PAGP)


The leading market experts have placed a mean price target of $11.58 on Plains Group Holdings, L.P. (NYSE:PAGP) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.27 a share for the upcoming quarter and $0.72 for the current fiscal.

Technical View

The technical analysis of Plains Group Holdings, L.P. Cla plainly substantiates that the 50-day moving average of Plains Group Holdings, L.P. Cla is $11.18, and stock is trading $0.07 points away or +0.66% from its 50-day moving average of $11.18. Further it is trading $1.59 or +16.47% away its 200-day moving average of $9.66. Plains Group Holdings, L.P. (NYSE:PAGP) 52-week high is $20.02 and the 52-week low is $4.72.

This explains if the stock moves $-8.77, it will post a 52-week high. In event of +138.35% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Plains Group Holdings, L.P. Cla, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Plains Group Holdings, L.P. (NYSE:PAGP) ratio came in at 20.23.

The stock last ended the trading session at $11.25 and registered a market cap of $3.00B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Plains Group Holdings, L.P. (NYSE:PAGP) PEG ratio is at 0.34.

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