Analyst Ratings for Magellan Midstream Partners L.P. (MMP)

Updated: 2017-07-29

Analysts covering Magellan Midstream Partners L.P. (NYSE:MMP) have given it a consensus rating of Overweight. About 30 days ago, MMP was issued an average rating of Overweight.

21 analysts issued ratings on the stock, where 7 gave MMP a buy rating, 2 issued an overweight rating, 10 gave a hold rating, 1 issued an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

A number of analysts gave price targets for MMP. The highest price target was 87, implying a possible profit of 25.43 percent. The most pessimistic analyst gave a price target of 72, implying potential capital losses of 3.81 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.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0.57 percent. That number becomes -2.19 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0.52 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 0.13 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts revised their estimates downwards. Also over the last month, 4 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

MMP has an estimated earnings growth rate of 7.25 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. MMP has a PEG ratio of 2.67.

MMP has traded between a high of 81.77 and a low of 64.25 over the past year. Currently the stock is 7.95 percent higher than its low, and below the high by 15.18 percent. MMP has a price/earnings ratio of 19.37. Investors typically compare the P/E ratio to a company's peers in the industry. The MMP value stock report compares MMP to some of its peers using value stock charts. The stock has a market capitalization of $15.88 billion. MMP is estimated to release their earnings results for the quarter on 0000-00-00, days from today.