Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $22.14 on Martin Midstream Partners L.P. (NASDAQ:MMLP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.54 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Martin Midstream Partners L.P. (NASDAQ:MMLP) stands at 81.30.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Martin Midstream Partners L.P., the PEG ratio for coming 3-5 years is 20.77.
The technical analysis highlights that Martin Midstream Partners L.P. current is trading $-1.27 points away or -5.94% from its 50-day moving average of $21.35. Further it is trading $-1.07 or -5.04% away its 200-day moving average of $21.15.
The 52-week high of Martin Midstream Partners L.P. (NASDAQ:MMLP) was $29.90 while lowest point recorded in 52-week was $13.27. It implies if stock price makes a movement of over $-9.82, it will record a new 52-week high. In the case of +51.32% drop, it will touch a new 52-week low.
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