BMO Capital Thinks Plains GP Holdings’ Stock is Going to Recover

By Ryan Adsit

BMO Capital analyst Danilo Juvane upgraded Plains GP Holdings (NYSE: PAGP) to Buy today. The company’s shares closed on Friday at $21, close to its 52-week high of $36.59.

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 GP Holdings is Moderate Buy and the average price target is $26.13, representing a 24.4% upside.

In a report issued on August 21, Jefferies also upgraded the stock to Buy with a $24 price target.

Based on Plains GP Holdings’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $5.98 billion and quarterly net profit of $24 million. In comparison, last year the company earned revenue of $5.11 billion and had a net profit of $42 million.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PAGP in relation to earlier this year.

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Plains GP Holdings LP operates as a holding company. Its subsidiaries engaged in the transportation, storage, terminalling and marketing of crude oil and refined products, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids. The company was founded in August 2007 and is headquartered in Houston, TX.