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 analyst gave a price target of 87, implying a possible profit of 25.43 percent. The minimum price target given was 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.

Analysts have revised their earnings estimates upwards for this quarter, by about 0.57 percent on average, compared to last month. 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. If we look at the last 90 days instead, we find a net average change of 0.13 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 3 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of MMP to grow at a rate of 7.25 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. MMP has a PEG ratio of 2.67.

In the trailing 52-weeks, MMP hit 81.77 at the highest peak, while it's lowest trading point was 64.25. Today's price is 7.95 percent above the 52-week 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 market cap of MMP is $15.88 billion. MMP will post this quarters earnings in days, on 0000-00-00.