Street Consensus Update on: Proofpoint, Inc. (NASDAQ:PFPT), Plains Group Holdings, L.P. (NYSE:PAGP)

According to data provided by Zacks Research, Proofpoint, Inc. (NASDAQ:PFPT) has a consensus target price of $88.733 on the stock. Out of the polled analysts providing targets, the high is currently $100, while the low is resting at $70. Analyst price targets may vary depending on the individual method used to calculate the estimate.
Turning to earnings, analysts are expecting Proofpoint, Inc. (NASDAQ:PFPT) to post a current quarter EPS of $-0.35. This consensus number is compiled by Zacks Research. For the period ending on 2016-12-31, the company reported EPS for the quarter of $-0.33. The resulting surprise factor from the difference between the reported number and the consensus estimate going into earnings was -26.92%. After a company reports earnings, the stock may see increased activity. The next earnings report date is scheduled on or near 2017-04-20.
In terms of analyst ratings, Proofpoint, Inc. (NASDAQ:PFPT) has a current ABR of 1.35. This average broker recommendation is given by Zacks using a scale from 1 to 5. According to this scale, a rating of 1 or 2 would indicate a Buy, and a rating of 4 or 5 would signify a Sell recommendation. A 3 would indicate a Hold on the stock.

In the most recent session, Plains Group Holdings, L.P. (NYSE:PAGP) shares have traded +0.42%. Following the stock price relative to moving averages may offer enhanced perspective on stock performance. After a recent review, the stock has been noted $-0.86 away from the 50-day moving average of $32.12 and $4.10 away from the 200-day moving average of $27.16. From a different angle, the stock has been recently recorded -14.56% off of the 52-week high of 36.59 and +48.97% removed from the 52-week low of 20.98. 

Currently, Plains Group Holdings, L.P. Cla has a price to earnings ratio of 33.26. Analysts and investors may also opt to 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 show that the company is overvalued. A PEG Ratio near one may be viewed as fair value. The stock currently has a PEG Ratio of -0.39.

Price Target Update

Analysts polled by Thomson Reuters have set a consensus target price of $36.19 on shares. Target prices may vary from one analyst to another due to the various ways they may proceed to calculate future price targets. This is a near-term estimation for the next 12-18 months.

For the current quarter, analysts are expecting Plains Group Holdings, L.P. (NYSE:PAGP) to report EPS of $0.45. This consensus estimate is provided by Zacks Research. After the period that ended on 2016-12-31, Plains Group Holdings, L.P. (NYSE:PAGP) reported an EPS actual of $-0.08. The difference between the actual and estimate resulted in a surprise factor of -111.94%. The company is expected to release their next earnings report on or around 2017-05-03. Interested parties will be watching to see how company results compare to what the Street was projecting for the fiscal period.

Shares of Plains Group Holdings, L.P. (NYSE:PAGP) have a current ABR or average broker rating of 2.24. This consensus recommendation is also provided by Zacks Research. The recommendation falls on a scale between 1 and 5. A broker rating of 1 would translate into a Strong Buy. A rating of 5 would indicate a Strong Sell recommendation. This consensus broker rating may help shed some light on how the sell-side is currently viewing company stock.

Covering analysts often provide target price projections for company shares. The current Zacks consensus target price on shares of Plains Group Holdings, L.P. (NYSE:PAGP) is $34.393. The top analyst target is $42, and the lowest target is $26.631 on the stock. Because of the different techniques used to gauge a company target price, estimates may be quite different from one analyst to another.

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