Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
In the latest session, Plains GP Holdings LP (NASDAQ: PAGP) closed at $17.24 down -2.98% from its previous closing price of $17.77. In other words, the price has decreased by -$2.98 from its previous closing price. On the day, 1.74 million shares were traded.
Ratios:
For a deeper understanding of Plains GP Holdings LP’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 37.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.03. For the most recent quarter (mrq), Quick Ratio is recorded 0.88 and its Current Ratio is at 0.97. In the meantime, Its Debt-to-Equity ratio is 5.92 whereas as Long-Term Debt/Eq ratio is at 5.57.
On December 18, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $22 to $20.
Morgan Stanley Downgraded its Overweight to Equal-Weight on October 25, 2024, whereas the target price for the stock was revised from $22 to $19.
Valuation Measures:
As of this moment, Plains’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.98, and their Forward P/E ratio for the next fiscal year is 11.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 2.52.
Stock Price History:
Over the past 52 weeks, PAGP has reached a high of $22.31, while it has fallen to a 52-week low of $16.60. The 50-Day Moving Average of the stock is -13.92%, while the 200-Day Moving Average is calculated to be -11.22%.
Shares Statistics:
A total of 197.47M shares are outstanding, with a floating share count of 192.26M. Insiders hold about 2.77% of the company’s shares, while institutions hold 77.87% stake in the company.
