Magellan Midstream Partners L.P. (MMP)
NYSE:MMP
US Market

Magellan Midstream (MMP) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

MMP Analyst Ratings

Moderate Buy
9Ratings
5 Buy
2 Hold
2 Sell
Based on 9 analysts giving stock ratings to
Magellan
Midstream
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

MMP Stock 12 Months Forecast

Average Price Target

$55.67
▲(7.03% Upside)
Based on 9 Wall Street analysts offering 12 month price targets for Magellan Midstream in the last 3 months. The average price target is $55.67 with a high forecast of $60.00 and a low forecast of $49.00. The average price target represents a 7.03% change from the last price of $52.02.
Highest Price Target$60.00Average Price Target$55.67Lowest Price Target$49.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
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Article
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Goldman Sachs
$59.00
Buy
13.43%
Upside
Upgraded
Goldman Sachs Upgrades Magellan Midstream to Buy, Raises Price Target to $59
Evercore ISI
$55.00
Hold
5.74%
Upside
Reiterated
Evercore ISI Keeps Their Hold Rating on Magellan Midstream (MMP)
Morgan Stanley
$54.00
Sell
3.82%
Upside
Reiterated
Magellan Midstream Partners (MMP) PT Raised to $54 at Morgan StanleyMorgan Stanley analyst Robert Kad raised the price target on Magellan Midstream Partners (NYSE: MMP) to $54.00 (from $50.00) while maintaining a Underweight rating.
CFRA Analyst forecast on MMP
Unknown Analyst
Not Ranked
CFRA
$54.00
Hold
3.82%
Upside
Reiterated
Magellan Midstream Partners (MMP) PT Raised to $54 at CFRACFRA raised its price target on Magellan Midstream Partners (NYSE: MMP) to $54.00 (from $52.00) while maintaining a Hold rating.
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MMP Financial Forecast

MMP Earnings Forecast
Next quarter’s earnings estimate for MMP is $1.28 with a range of $1.22 to $1.39. The previous quarter’s EPS was $1.59. MMP beat its EPS estimate 75.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.81% of the time in the same period. In the last calendar year MMP has Outperformed its overall industry.
Next quarter’s earnings estimate for MMP is $1.28 with a range of $1.22 to $1.39. The previous quarter’s EPS was $1.59. MMP beat its EPS estimate 75.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.81% of the time in the same period. In the last calendar year MMP has Outperformed its overall industry.
MMP Sales Forecast
Next quarter’s sales forecast for MMP is $814.57M with a range of $736.95M to $870.10M. The previous quarter’s sales results were $765.60M. MMP beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 71.97% of the time in the same period. In the last calendar year MMP has Outperformed its overall industry.
Next quarter’s sales forecast for MMP is $814.57M with a range of $736.95M to $870.10M. The previous quarter’s sales results were $765.60M. MMP beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 71.97% of the time in the same period. In the last calendar year MMP has Outperformed its overall industry.
MMP Analyst Recommendation Trends
In the current month, MMP has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The MMP average analyst price target in the past 3 months is $55.67
In the current month, MMP has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The MMP average analyst price target in the past 3 months is $55.67

MMP Stock Forecast FAQ

What is MMP’s average 12-month price target, according to analysts?
Based on analyst ratings, Magellan Midstream’s 12-month average price target is $55.67.
    What is MMP’s upside potential, based on the analysts’ average price target?
    Magellan Midstream has 7.03% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is MMP a Buy, Sell or Hold?
          Magellan Midstream has a conensus rating of Moderate Buy which is based on 5 buy ratings, 2 hold ratings and 2 sell ratings.
            What is Magellan Midstream’s price target?
            The average price target for Magellan Midstream is $55.67. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $60.00 ,the lowest forecast is $49.00. The average price target represents 7.03% Increase from the current price of $52.015.
              What do analysts say about Magellan Midstream?
              Magellan Midstream’s analyst rating consensus is a ‘Moderate Buy. This is based on the ratings of 9 Wall Streets Analysts.

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