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.

Several price targets were given for MMP by the analysts covering the stock. The most optimistic price target was 87, implying potential capital gains of 25.43 percent. The minimum price target given was 72, which equates to a potential downside of 3.81 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 upwards by an average of 0.57 percent. The average change in earnings estimates over the last 90 days is -2.19 percent. 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 have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Over the same time period, 4 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.

MMP has an estimated earnings growth rate of 7.25 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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. Today's price is 7.95 percent above the 52-week low, and below the high by 15.18 percent. MMP has a P/E 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 market cap of MMP is $15.88 billion. MMP is estimated to release their earnings results for the quarter on 0000-00-00, days from today.