Analyst Revises Magellan Midstream Partners L.P. (NYSE:MMP) Stock Target


Magellan Midstream Partners L.P. (NYSE:MMP) mean price target has been set at $77.3500 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.9000 in the near-term quarter and $3.4800 for the ongoing fiscal. The market cap of Magellan Midstream Partners L.P was recorded at $17.18B after the stock closed at $75.4314 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Magellan Midstream Partners L.P. (NYSE:MMP) has a P/E ratio of 20.4421. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Magellan Midstream Partners L.P. (NYSE:MMP) PEG ratio sits at 2.6800. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Magellan Midstream Partners L.P visibly illustrates that the 50-day MA of Magellan Midstream Partners L.P is $72.2151, and stock is trading 3.2163 or +4.4538% distant from $72.2151. The 200-day MA is $67.6708, and this price is $7.7606 or +11.4682% off from current level. Magellan Midstream Partners L.P. (NYSE:MMP) 52-week high is $77.4500 and the 52-week low is $54.5100. This represents that if the stock moves $-2.0186 points up on the chart to make a 52-week high. But, if it declines $+38.3808%, then the shares price can hit a new 52-week low.

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