NYSE:MMP

Magellan Midstream Partners - MMP Price Target & Analyst Ratings

$52.18

-0.10 (-0.19%)

(As of 03/21/2023 12:00 AM ET)

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Today's Range: $51.94
▼
$53.09
50-Day Range: $51.43
▼
$54.70
52-Week Range: $44.79
▼
$60.55

Volume: 877,564 shs
Average Volume: 863,848 shs
Market Capitalization: $10.61 billion

P/E Ratio: 10.54
Dividend Yield: 8.03%
Price Target: $56.27

Institutional Ownership

Magellan Midstream Partners Consensus Rating and Price Target (2023)

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 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 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.

Consensus Analyst Rating

Hold
Based on 11 Analyst Ratings

Consensus Analyst Price Target

$56.27
7.84% Upside

High Prediction	$59.00
Average Prediction	$56.27
Low Prediction	$49.00

Type	Current 3/21/22 to 3/21/23	1 Month Ago 2/19/22 to 2/19/23	3 Months Ago 12/21/21 to 12/21/22	1 Year Ago 3/21/21 to 3/21/22
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	2 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)	6 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$56.27	$56.27	$54.67	$50.64
Predicted Upside	7.84% Upside	6.85% Upside	5.64% Upside	5.15% Upside

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MMP Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MMP Price Targets 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 Stock vs. The Competition

Type	Magellan Midstream Partners	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.36	2.59	2.47
Consensus Rating	Hold	Buy	Hold
Predicted Upside	7.84% Upside	173.73% Upside	20.88% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/15/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform	$59.00	+11.01%
2/7/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$56.00 ➝ $57.00	+7.55%
2/7/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight	$56.00 ➝ $58.00	+10.04%
2/3/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$55.00 ➝ $58.00	+6.30%
1/18/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$59.00	+12.06%
1/9/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight	$54.00 ➝ $56.00	+7.38%

11/16/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Peer Perform ➝ Underperform	$49.00	-5.88%
10/28/2022	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$52.00 ➝ $54.00	+1.91%
10/28/2022	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$52.00 ➝ $53.00	+0.21%
6/8/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$55.00 ➝ $59.00	+10.20%
5/25/2022	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$52.00 ➝ $57.00	+16.73%
1/18/2022	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform	$50.00 ➝ $49.00	-1.41%
11/9/2021	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$50.00 ➝ $52.00	+8.72%
2/16/2021	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$44.00	+5.54%
2/1/2021	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Perform
11/9/2020	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
11/2/2020	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$51.00 ➝ $52.00	+44.93%
6/15/2020	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Dan Walk Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$55.00	+21.28%
6/9/2020	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$46.00	-6.92%
4/14/2020	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$66.00 ➝ $56.00	+44.85%
3/25/2020	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$56.00 ➝ $55.00	+86.69%
3/23/2020	SunTrust Banks Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$65.00 ➝ $50.00	+68.18%

(Data available from 3/21/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

MMP Price Target - Frequently Asked Questions

What is Magellan Midstream Partners's consensus rating and price target?: According to the issued ratings of 11 analysts in the last year, the consensus rating for Magellan Midstream Partners stock is Hold based on the current 2 sell ratings, 3 hold ratings and 6 buy ratings for MMP. The average twelve-month price prediction for Magellan Midstream Partners is $56.27 with a high price target of $59.00 and a low price target of $49.00. Learn more on MMP's analyst rating history.
Do Wall Street analysts like Magellan Midstream Partners more than its competitors?: Analysts like Magellan Midstream Partners less than other Oils/Energy companies. The consensus rating for Magellan Midstream Partners is Hold while the average consensus rating for oils/energy companies is Buy. Learn more on how MMP compares to other companies.
Is Magellan Midstream Partners being upgraded by Wall Street analysts?: Over the previous 90 days, Magellan Midstream Partners's stock had 1 upgrade by analysts.

Does Magellan Midstream Partners's stock price have much upside?: According to analysts, Magellan Midstream Partners's stock has a predicted upside of 7.00% based on their 12-month price targets.
What analysts cover Magellan Midstream Partners?: Magellan Midstream Partners has been rated by Barclays, Citigroup, Morgan Stanley, Raymond James, Royal Bank of Canada, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:MMP) was last updated on 3/21/2023 by MarketBeat.com Staff

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