During the past trading session, shares of Plains All American Pipeline, L.P. (NYSE:PAA) traded +11.09%. Covering analysts are predicting the stock to move to $31.93 within the next year. Depending on the analyst, target price projections may differ widely. This target price is a consensus number based on polled analysts by Thomson Reuters.
Wall Street analysts have the ability to use various metrics to help calculate target projections. A commonly used metric is a company’s P/E Ratio. This calculation stems from dividing the current share price by the projected earnings per share. At the time of this writing, Plains All American Pipeline, L has a price to earnings ratio of 64.73. Investors may also evaluate a company’s PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. If a company has a PEG Ratio below one, it may be viewed as undervalued. If a company has a PEG Ratio above one, it may indicate that the company is overvalued. A PEG Ratio near one may be seen as fair value. The stock presently has a PEG Ratio of 2.35.
Taking a brief view of stock performance, we see that company shares are currently trading $1.72 off the 50-day moving average of $31.23 and $4.32 off of the 200-day moving average of $28.63. The stock has been recently recorded -0.96% off of the 52-week high of 33.27 and +122.33% away from the 52-week low of 14.82. Tracking the stock price relative to moving averages and highs and lows for the year may help evaluate the future value of the stock.