Analyst Ratings for Martin Midstream Partners L.P. (MMLP)Updated: 2017-07-27
An average rating of Hold has been given to Martin Midstream Partners L.P. (NASDAQ:MMLP) by analysts covering the stock. About 30 days ago, MMLP was issued an average rating of Hold.
9 analysts issued ratings on the stock, where 2 gave MMLP a buy rating, 1 gave an overweight rating, 5 issued a hold rating, 1 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 2. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
MMLP was given price targets by several analysts. The most optimistic price target was 25, which equates to a potential upside of 28.21 percent. The most pessimistic analyst gave a price target of 18, implying a possible loss of -7.69 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -29.17 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. Meanwhile, fiscal year estimates have been revised downwards by -5.46 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 19.44 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 2 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 2 analysts decreased their estimates.
MMLP has an estimated earnings growth rate of -51.94 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of MMLP is -0.44.
In the last 52-weeks, MMLP has achieved a high of 24.10 and a low of 15.58. Today's price is 25.16 percent above the 52-week low, and below the high by 19.09 percent. MMLP has a price/earnings ratio of 22.87. Investors typically compare the P/E ratio to a company's peers in the industry. The MMLP value stock report compares MMLP to some of its peers using value stock charts. The market cap of MMLP is $0.75943 billion. MMLP will post this quarters earnings in days, on 0000-00-00.