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Magellan Midstream Partners Price Target & Analyst Ratings (NYSE:MMP)

+0.19 (+0.32 %)
(As of 12/8/2019 05:43 AM ET)
Today's Range
Now: $59.15
50-Day Range
MA: $61.48
52-Week Range
Now: $59.15
Volume712,435 shs
Average Volume855,397 shs
Market Capitalization$13.51 billion
P/E Ratio13.92
Dividend Yield6.92%

Analyst Ratings

Magellan Midstream Partners (NYSE:MMP) Price Target and Consensus Rating

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
12 Wall Street analysts have issued ratings and price targets for Magellan Midstream Partners in the last 12 months. Their average twelve-month price target is $68.40, suggesting that the stock has a possible upside of 15.64%. The high price target for MMP is $75.00 and the low price target for MMP is $56.00. There are currently 2 sell ratings, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Hold."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: HoldHoldHoldHold
Consensus Rating Score:
Ratings Breakdown: 2 Sell Rating(s)
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
2 Sell Rating(s)
6 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
10 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
10 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $68.40$68.20$69.00$69.54
Price Target Upside: 15.64% upside8.81% upside5.97% upside12.92% upside

Magellan Midstream Partners (NYSE:MMP) Consensus Price Target History

Average Share Price and Price Target by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Magellan Midstream Partners (NYSE:MMP) Analyst Ratings History

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/24/2019Goldman Sachs GroupInitiated CoverageBuy$69.00 ➝ $69.00Low
11/4/2019Bank of AmericaDowngradeNeutral ➝ UnderperformLow
11/1/2019Stifel NicolausSet Price TargetHold$70.00N/A
10/23/2019Raymond JamesBoost Price TargetOutperform$71.00 ➝ $72.00High
8/6/2019Credit Suisse GroupBoost Price TargetNeutral$68.00 ➝ $70.00Low
5/30/2019Johnson RiceInitiated CoverageAccumulate$71.00Low
3/26/2019LADENBURG THALM/SH SHSet Price TargetBuy$75.00Low
2/5/2019Evercore ISIInitiated CoverageOutperformLow
2/2/2019CitigroupSet Price TargetBuy$70.00Low
2/1/2019Wolfe ResearchDowngradeUnderperform$56.00Low
1/28/2019Jefferies Financial GroupDowngradeBuy ➝ HoldLow
1/18/2019SunTrust BanksInitiated CoverageHold ➝ Hold$65.00 ➝ $65.00Low
11/28/2018MizuhoInitiated CoverageNeutral$67.00Low
11/6/2018Wells Fargo & CoLower Price TargetMarket Perform ➝ Market Perform$74.00 ➝ $72.00Low
11/2/2018BarclaysLower Price TargetEqual Weight ➝ Equal Weight$74.00 ➝ $70.00Low
7/13/2018BMO Capital MarketsReiterated RatingBuy$85.00Low
4/19/2018Deutsche BankInitiated CoverageHold$70.00Low
4/9/2018Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$79.00Medium
3/16/2018Morgan StanleyLower Price TargetUnderweight ➝ Underweight$73.00 ➝ $69.00Low
3/13/2018JPMorgan Chase & Co.Reiterated RatingNeutral ➝ Neutral$78.00 ➝ $75.00Low
3/2/2018UBS GroupBoost Price TargetBuy ➝ Buy$80.00 ➝ $81.00Low
2/2/2018Mitsubishi UFJ Financial GroupReiterated RatingNeutralMedium
(Data available from 12/8/2017 forward)
This page was last updated on 12/8/2019 by MarketBeat.com Staff

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