BMO Capital Thinks Plains All American’s Stock is Going to Recover

By Austin Angelo

BMO Capital analyst Danilo Juvane upgraded Plains All American (NYSE: PAA) to Buy today. The company’s shares closed on Friday at $20.19, close to its 52-week high of $33.95.

According to, Juvane is a 3-star analyst with an average return of 4.8% and a 55.3% success rate. Juvane covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Energy Transfer Partners LP, and Spectra Energy Partners.

Currently, the analyst consensus on Plains All American is Moderate Buy and the average price target is $26, representing a 28.8% upside.

In a report issued on August 21, Jefferies also upgraded the stock to Buy with a $23 price target.

Plains All American’s market cap is currently $14.63B and has a P/E ratio of 15.25. The company has a book value ratio of 1.6372.

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Plains All American Pipeline LP engages in the provision of transportation, storage, terminal ling and marketing of crude oil, refined products and liquefied petroleum gas and other natural gas-related petroleum products. It operates through the following business segments: Transportation, Facilities, and Supply and Logistics.