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.
Investment analysts gave a few price targets for MMLP. The most optimistic analyst gave a price target of 25, implying a possible profit of 28.21 percent. The minimum price target given was 18, implying a possible loss of -7.69 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -29.17 percent. The average change in earnings estimates over the last 90 days 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.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
The growth rate of MMLP's earnings is estimated by analysts to be -51.94 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. MMLP has a PEG ratio of -0.44.
In the trailing 52-weeks, MMLP hit 24.10 at the highest peak, while it's lowest trading point was 15.58. Currently the stock is 25.16 percent higher than its low, and 19.09 percent lower than its 52-week high. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.