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.

Investment analysts gave a few price targets for MMP. The most optimistic price target was 87, implying a possible profit of 25.43 percent. The lowest price target was 72, implying potential capital losses 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. That number becomes -2.19 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.52 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.13 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 3 analysts increased their quarterly estimates, 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. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. MMP has a PEG ratio of 2.67.

MMP has a 52-week high of 81.77 and a 52-week low of 64.25. Currently the stock is 7.95 percent higher than its low, and 15.18 percent lower than its 52-week high. 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 will post this quarters earnings in days, on 0000-00-00.