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


The leading market experts have placed a mean price target of $77.940 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 $0.900 a share for the upcoming quarter and $3.450 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 $74.286, and stock is hovering -2.912 or -3.920% distant from $74.286. It is noted that the 200-day MA is $69.213, and Magellan Midstream Partners L.P stock is $2.161 or +3.123% off from this point. Magellan Midstream Partners L.P. (NYSE:MMP) 52-week high is $77.450 and the 52-week low is $54.510. This explains if the stock moves $-6.076, it will post a 52-week high. In event of $+30.937% 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 19.343. The stock last ended the trading session at $71.374 and registered a market cap of $16.26B. 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 2.630.

1 Chart Pattern Every Investor Should Know

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