Plains All American Pipeline, L.P. (PAA) At $22.27 Forms Bottom; Franco-Nevada (FNV) Had 7 Bullish Analysts

January 4, 2018 - By Jerrie Dane

Among 16 analysts covering Franco-Nevada Corp (NYSE:FNV), 7 have Buy rating, 1 Sell and 8 Hold. Therefore 44% are positive. Franco-Nevada Corp had 35 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was initiated by Deutsche Bank on Friday, December 11 with “Hold”. TD Securities maintained Franco-Nevada Corporation (NYSE:FNV) on Friday, December 1 with “Buy” rating. The stock of Franco-Nevada Corporation (NYSE:FNV) earned “Buy” rating by Canaccord Genuity on Tuesday, August 11. The stock of Franco-Nevada Corporation (NYSE:FNV) earned “Neutral” rating by JP Morgan on Monday, March 14. The stock has “Neutral” rating by JP Morgan on Wednesday, January 20. The firm has “Outperform” rating given on Thursday, June 15 by Raymond James. The stock has “Hold” rating by Deutsche Bank on Tuesday, December 20. The firm has “Hold” rating by Zacks given on Monday, August 31. The company was maintained on Wednesday, August 12 by TD Securities. On Thursday, October 8 the stock rating was upgraded by TD Securities to “Action List Buy”. See Franco-Nevada Corporation (NYSE:FNV) latest ratings:

01/12/2017 Broker: TD Securities Rating: Buy New Target: $96.0 Maintain
19/10/2017 Broker: TD Securities Rating: Buy New Target: $92.0 Maintain
25/09/2017 Broker: Credit Suisse Old Rating: Outperform New Rating: Neutral Downgrade
13/07/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $74 New Target: $72 Maintain

Plains All American Pipeline, L.P. (PAA) formed multiple bottom with $21.16 target or 5.00% below today’s $22.27 share price. Plains All American Pipeline, L.P. (PAA) has $16.15B valuation. The stock increased 4.60% or $0.98 during the last trading session, reaching $22.27. About 4.70 million shares traded or 45.39% up from the average. Plains All American Pipeline, L.P. (NYSE:PAA) has risen 11.50% since January 4, 2017 and is uptrending. It has underperformed by 5.20% the S&P500.

Analysts await Plains All American Pipeline, L.P. (NYSE:PAA) to report earnings on February, 6. They expect $0.43 earnings per share, up 207.14% or $0.29 from last year’s $0.14 per share. PAA’s profit will be $311.83 million for 12.95 P/E if the $0.43 EPS becomes a reality. After $0.21 actual earnings per share reported by Plains All American Pipeline, L.P. for the previous quarter, Wall Street now forecasts 104.76% EPS growth.

Among 30 analysts covering Plains All American Pipeline LP (NYSE:PAA), 10 have Buy rating, 1 Sell and 19 Hold. Therefore 33% are positive. Plains All American Pipeline LP has $49 highest and $16 lowest target. $27.54’s average target is 23.66% above currents $22.27 stock price. Plains All American Pipeline LP had 96 analyst reports since August 6, 2015 according to SRatingsIntel. As per Tuesday, August 8, the company rating was downgraded by Scotia Capital. The company was downgraded on Thursday, August 6 by UBS. On Thursday, November 5 the stock rating was maintained by Oppenheimer with “Outperform”. The rating was maintained by Jefferies on Thursday, June 22 with “Hold”. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) earned “Buy” rating by Stifel Nicolaus on Thursday, August 6. Stifel Nicolaus maintained Plains All American Pipeline, L.P. (NYSE:PAA) rating on Wednesday, November 8. Stifel Nicolaus has “Hold” rating and $22 target. As per Monday, August 21, the company rating was upgraded by Jefferies. As per Monday, December 14, the company rating was maintained by Wunderlich. The company was downgraded on Monday, February 8 by Robert W. Baird. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) earned “Buy” rating by BMO Capital Markets on Tuesday, October 17.

Investors sentiment decreased to 0.63 in Q3 2017. Its down 0.42, from 1.05 in 2017Q2. It worsened, as 62 investors sold Plains All American Pipeline, L.P. shares while 124 reduced holdings. 35 funds opened positions while 82 raised stakes. 303.49 million shares or 3.28% more from 293.86 million shares in 2017Q2 were reported. Bb&T Secs Limited Liability Company holds 0.02% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA) for 74,887 shares. Verity & Verity Lc accumulated 42,486 shares. Price Michael F accumulated 418,581 shares. Estabrook Cap Management has invested 0% in Plains All American Pipeline, L.P. (NYSE:PAA). Commonwealth Of Pennsylvania Pub School Empls Retrmt reported 3.55 million shares or 1.11% of all its holdings. Cetera Advsrs Limited Liability Company reported 25,979 shares or 0.03% of all its holdings. Paw Capital Corp reported 0.56% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA). Blackrock Inc, a New York-based fund reported 2.61M shares. Thompson Davis & owns 875 shares. Nuveen Asset Mgmt Limited Liability Com holds 24,414 shares. Bessemer Group Inc reported 0% stake. Koch Industries stated it has 0.07% in Plains All American Pipeline, L.P. (NYSE:PAA). Massachusetts-based Massachusetts Finance Svcs Company Ma has invested 0.02% in Plains All American Pipeline, L.P. (NYSE:PAA). Albert D Mason reported 32,782 shares stake. Savings Bank Of New York Mellon holds 265,702 shares.