Stock To Watch: Magellan Midstream Partners L.P. (NYSE:MMP)


The leading market experts have placed a mean price target of $76.94 on Magellan Midstream Partners L.P. (NYSE:MMP) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.90 a share for the upcoming quarter and $3.48 for the current fiscal. Technical View The technical analysis of Magellan Midstream Partners L.P plainly substantiates that the 50-day moving average of Magellan Midstream Partners L.P is $71.48, and stock is hovering 3.05 or +4.26% distant from $71.48. It is noted that the 200-day MA is $66.92, and Magellan Midstream Partners L.P stock is $7.61 or +11.37% off from this point. Magellan Midstream Partners L.P. (NYSE:MMP) 52-week high is $79.85 and the 52-week low is $54.51. This explains if the stock moves $-5.32, it will post a 52-week high. In event of $+36.73% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Magellan Midstream Partners L.P, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Magellan Midstream Partners L.P. (NYSE:MMP) ratio came in at 20.20. The stock last ended the trading session at $74.53 and registered a market cap of $16.98B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Magellan Midstream Partners L.P. (NYSE:MMP) PEG ratio is at 2.68.

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