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 most optimistic analyst gave a price target of 87, implying a possible profit of 25.43 percent. The most pessimistic analyst gave a price target of 72, implying a possible loss 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.

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.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 3 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 4 analysts revised their FY earnings estimates upwards, 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. 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. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. 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. The current market price is above the trailing year's low by 7.95 percent, and 15.18 percent lower than its 52-week high. 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 stock has a market capitalization of $15.88 billion. MMP's next earnings release will be on 0000-00-00, which is days away.