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Magellan Midstream Partners - MMP Stock Price Target and Predictions

  • Consensus Rating: Reduce
  • Consensus Price Target: $64.33
  • Forecasted Upside: -6.76%
  • Number of Analysts: 5
  • Breakdown:
  • 1 Sell Ratings
  • 4 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$69.00 As of 09/25/2023 01:00 AM ET
+0 (0.00%)
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Analyst Price Target for MMP

Analyst Price Target is $64.33
▼ -6.76% Downside Potential
This price target is based on 5 analysts offering 12 month price targets for Magellan Midstream Partners in the last 3 months. The average price target is $64.33, with a high forecast of $69.00 and a low forecast of $56.00. The average price target represents a -6.76% upside from the last price of $69.00.

This chart shows the closing price for MMP for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart




Current Consensus is Reduce

The current consensus among 5 investment analysts is to reduce stock in Magellan Midstream Partners. This Reduce consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
11/2/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
1/31/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
5/1/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
7/30/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
10/28/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
1/26/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
3/26/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
4/25/2024

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
8/16/2023ArgusDowngradeHold ➝ SellLow
8/4/2023TD SecuritiesBoost TargetTender$67.50 ➝ $69.00Low
7/18/2023BarclaysBoost Target$60.00 ➝ $68.00Low
5/19/2023US Capital AdvisorsDowngradeOverweight ➝ HoldLow
5/18/2023Stifel NicolausDowngradeBuy ➝ Hold$61.00 ➝ $64.00Low
5/17/2023Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$59.00 ➝ $66.00Low
5/17/2023CitigroupDowngradeBuy ➝ Neutral$57.00 ➝ $63.00Low
5/16/2023TD SecuritiesDowngradeHold ➝ Tender$55.00 ➝ $67.50Low
5/15/2023MizuhoBoost Target$53.00 ➝ $56.00Low
4/20/2023Raymond JamesDowngradeOutperform ➝ Market PerformLow
4/18/2023BarclaysBoost Target$59.00 ➝ $60.00Low
3/15/2023Royal Bank of CanadaReiterated RatingOutperform$59.00Low
2/7/2023CitigroupBoost TargetBuy$56.00 ➝ $57.00Low
2/7/2023Wells Fargo & CompanyBoost TargetEqual Weight$56.00 ➝ $58.00Low
2/3/2023Raymond JamesBoost TargetOutperform$55.00 ➝ $58.00Low
1/18/2023BarclaysUpgradeEqual Weight ➝ Overweight$59.00Low
1/9/2023Morgan StanleyBoost TargetUnderweight$54.00 ➝ $56.00Low
12/16/2022Wells Fargo & CompanyDowngradeOverweight ➝ Equal Weight$57.00 ➝ $56.00Low
12/8/2022CitigroupInitiated CoverageBuy$56.00Low
11/16/2022Wolfe ResearchDowngradePeer Perform ➝ Underperform$49.00Low
11/1/2022Royal Bank of CanadaBoost TargetOutperform$58.00 ➝ $59.00Low
10/31/2022BarclaysBoost TargetEqual Weight$49.00 ➝ $55.00Low
10/28/2022Raymond JamesBoost TargetOutperform$54.00 ➝ $55.00Low
10/28/2022TD SecuritiesBoost TargetHold$52.00 ➝ $54.00Low
10/28/2022MizuhoBoost TargetNeutral$52.00 ➝ $53.00Low
10/13/2022BarclaysLower TargetEqual Weight$51.00 ➝ $49.00Low
8/3/2022Royal Bank of CanadaBoost TargetOutperform$56.00 ➝ $58.00N/A
6/8/2022The Goldman Sachs GroupUpgradeNeutral ➝ Buy$55.00 ➝ $59.00Low
5/31/2022Wells Fargo & CompanyUpgradeEqual Weight ➝ Overweight$54.00 ➝ $56.00Low
5/25/2022JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$52.00 ➝ $57.00Medium
5/20/2022Wells Fargo & CompanyLower TargetEqual Weight$54.00Low
5/6/2022TD SecuritiesBoost TargetHold$51.00 ➝ $52.00Low
4/26/2022Morgan StanleyBoost TargetUnderweight$50.00 ➝ $54.00High
3/30/2022MizuhoBoost TargetNeutral$50.00 ➝ $52.00Medium
1/20/2022BarclaysDowngradeOverweight ➝ Equal Weight$53.00 ➝ $51.00Low
1/18/2022Bank of AmericaLower TargetUnderperform$50.00 ➝ $49.00Low
1/7/2022Morgan StanleyDowngradeEqual Weight ➝ Underweight$50.00Low
12/16/2021Wells Fargo & CompanyLower TargetEqual Weight$54.00 ➝ $52.00High
11/23/2021Morgan StanleyLower TargetEqual Weight$55.00 ➝ $54.00Low
11/11/2021MizuhoBoost TargetNeutral$50.00 ➝ $52.00Medium
11/9/2021Credit Suisse GroupBoost TargetNeutral$50.00 ➝ $52.00Low
11/3/2021TD SecuritiesBoost TargetHold$50.00 ➝ $51.00Low
11/3/2021CitigroupDowngradeBuy ➝ NeutralMedium
10/19/2021BarclaysBoost TargetOverweight$50.00 ➝ $53.00Low
10/18/2021Raymond JamesBoost TargetOutperform$50.00 ➝ $51.00Medium
9/28/2021Bank of AmericaInitiated CoverageUnderperformLow
9/20/2021CitigroupLower TargetBuy$56.00 ➝ $51.00Medium
7/30/2021MizuhoBoost TargetNeutral$47.00 ➝ $50.00High
6/24/2021Wells Fargo & CompanyBoost TargetEqual Weight$51.00 ➝ $52.00Low
6/18/2021Morgan StanleyBoost TargetEqual Weight$53.00 ➝ $54.00Medium
5/26/2021Morgan StanleyDowngradeOverweight ➝ Equal Weight$53.00Low
5/13/2021Wells Fargo & CompanyBoost TargetEqual Weight$49.00 ➝ $51.00Low
5/4/2021Royal Bank of CanadaBoost TargetOutperform$49.00 ➝ $53.00Low
4/30/2021TD SecuritiesDowngradeBuy ➝ Hold$47.00 ➝ $48.00Medium
4/15/2021Raymond JamesBoost TargetOutperform$47.00 ➝ $48.00Low
4/14/2021Wolfe ResearchUpgradeUnderperform ➝ Peer Perform$45.00Low
3/22/2021Morgan StanleyBoost TargetOverweight$55.00 ➝ $58.00Low
3/18/2021JPMorgan Chase & Co.Reiterated RatingOverweight ➝ Neutral$50.00Medium
3/17/2021The Goldman Sachs GroupLower TargetBuy ➝ Neutral$43.00 ➝ $42.00N/A
3/12/2021JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$50.00Medium
3/11/2021The Goldman Sachs GroupDowngradeBuy ➝ Neutral$43.00 ➝ $42.00Medium
2/16/2021Truist FinancialDowngradeBuy ➝ Hold$44.00Low
2/3/2021TD SecuritiesLower TargetBuy$50.00 ➝ $47.00Low
2/3/2021MizuhoLower Target$46.00 ➝ $49.00Medium
2/3/2021Raymond JamesLower TargetOutperform$50.00 ➝ $47.00Low
2/1/2021ScotiabankInitiated CoverageSector PerformLow
2/1/2021Wolfe ResearchDowngradeMarket Perform ➝ UnderperformLow
1/20/2021MizuhoBoost TargetNeutral$45.00 ➝ $49.00Low
1/14/2021Raymond JamesBoost TargetOutperform$45.00 ➝ $50.00Low
1/6/2021Bank of AmericaDowngradeBuy ➝ Neutral$47.00N/A
12/17/2020Credit Suisse GroupDowngradeOutperform ➝ Neutral$48.00 ➝ $49.00Low
11/30/2020Wells Fargo & CompanyDowngradeOverweight ➝ Equal Weight$48.00High
11/9/2020ArgusDowngradeBuy ➝ HoldHigh
11/2/2020Stifel NicolausBoost TargetBuy$51.00 ➝ $52.00Low
11/2/2020TD SecuritiesLower TargetBuy$55.00 ➝ $50.00Low
10/20/2020Raymond JamesLower TargetOutperform$51.00 ➝ $45.00Low
9/25/2020Morgan StanleyLower TargetOverweight$55.00 ➝ $50.00Low
8/21/2020Morgan StanleyLower TargetOverweight$57.00 ➝ $55.00High
8/3/2020CitigroupLower TargetBuy$66.00 ➝ $46.00Low
7/22/2020Wells Fargo & CompanyBoost TargetOverweight$54.00 ➝ $57.00Low
7/21/2020Raymond JamesBoost TargetOutperform$50.00 ➝ $51.00Low
7/17/2020BarclaysReiterated RatingBuy$48.00Low
6/30/2020TD SecuritiesInitiated CoverageBuy$55.00High
6/15/2020Evercore ISIInitiated CoverageBuy$55.00Medium
6/9/2020BMO Capital MarketsDowngradeOutperform ➝ Market Perform$46.00High
6/1/2020Morgan StanleyBoost TargetOverweight$43.00 ➝ $57.00Medium
5/10/2020Royal Bank of CanadaReiterated RatingBuy$50.00Low
5/7/2020Credit Suisse GroupBoost TargetOutperform$42.00 ➝ $48.00Medium
5/4/2020Stifel NicolausLower TargetBuy$58.00 ➝ $56.00High
4/14/2020Wells Fargo & CompanyLower TargetOverweight$57.00 ➝ $54.00Low
4/14/2020Jefferies Financial GroupUpgradeHold ➝ Buy$66.00 ➝ $56.00Low
4/1/2020Credit Suisse GroupUpgradeNeutral ➝ Outperform$53.00 ➝ $42.00Medium
3/30/2020Bank of AmericaUpgradeUnderperform ➝ Buy$42.00Low
3/27/2020The Goldman Sachs GroupLower TargetBuy$54.00 ➝ $53.00Low
3/27/2020MizuhoLower TargetNeutral$68.00 ➝ $43.00Medium
3/25/2020UBS GroupLower TargetBuy$56.00 ➝ $55.00High
3/25/2020JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$75.00 ➝ $59.00High
3/23/2020SunTrust BanksUpgradeHold ➝ Buy$65.00 ➝ $50.00High
3/16/2020Morgan StanleyUpgradeEqual Weight ➝ OverweightHigh
3/12/2020Raymond JamesLower TargetOutperform$69.00 ➝ $55.00Low
2/18/2020Evercore ISIReiterated RatingBuy$67.00Medium
2/11/2020Stifel NicolausUpgradeHold ➝ Buy$67.00 ➝ $66.00Low
2/4/2020Wells Fargo & CompanyReiterated RatingBuyMedium
2/4/2020CitigroupLower TargetBuy$70.00 ➝ $66.00Low
1/22/2020MizuhoReiterated RatingHold$68.00Low
1/14/2020BarclaysUpgradeEqual Weight ➝ Overweight$68.00 ➝ $69.00N/A
1/8/2020Wolfe ResearchUpgradeUnderperform ➝ Peer PerformLow
1/7/2020Wells Fargo & CompanyUpgradeEqual Weight ➝ Overweight$70.00Low
1/6/2020Morgan StanleyInitiated CoverageEqual Weight$58.00Low
11/24/2019The Goldman Sachs GroupInitiated CoverageBuy$69.00 ➝ $69.00Low
11/4/2019Bank of AmericaDowngradeNeutral ➝ UnderperformLow
11/1/2019Stifel NicolausSet TargetHold$70.00N/A
10/23/2019Raymond JamesBoost TargetOutperform$71.00 ➝ $72.00High
8/6/2019Credit Suisse GroupBoost TargetNeutral$68.00 ➝ $70.00Low
8/2/2019Stifel NicolausBoost TargetHold$62.00 ➝ $68.00Low
8/2/2019Raymond JamesBoost TargetOutperform$69.00 ➝ $71.00Low
7/30/2019Bank of AmericaBoost TargetNeutral$63.00 ➝ $66.00Low
5/30/2019Johnson RiceInitiated CoverageAccumulate$71.00Low
(Data available from 4/25/2019 forward)

News Sentiment Rating

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 23 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/28/2023
  • 2 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/28/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/27/2023
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/27/2023
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/26/2024
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/25/2024
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/26/2024
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/25/2024

Current Sentiment

  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

  • No positive mentions tracked during this time.

Very Positive

  • No very positive mentions tracked during this time.
Magellan Midstream Partners logo
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company operates refined products pipeline that transports gasoline, diesel and aviation fuel, kerosene, and heating oil to refiners, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. It also provides pipeline capacity and tank storage services, as well as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. In addition, the company owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide design, installation, construction, testing, operation, replacement, and management of assets to refiners, marketers, and traders. Magellan Midstream Partners, L.P. was incorporated in 2000 and is headquartered in Tulsa, Oklahoma.
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Today's Range

Now: $69.00
Low: $69.00
High: $69.00

50 Day Range

MA: $67.95
Low: $65.16
High: $69.19

52 Week Range

Now: $69.00
Low: $45.52
High: $69.90

Volume

N/A

Average Volume

1,418,974 shs

Market Capitalization

$13.94 billion

P/E Ratio

13.75

Dividend Yield

6.11%

Beta

0.9

Frequently Asked Questions

What sell-side analysts currently cover shares of Magellan Midstream Partners?

The following Wall Street analysts have issued stock ratings on Magellan Midstream Partners in the last twelve months: Argus, Barclays PLC, Citigroup Inc., Mizuho, Royal Bank of Canada, Stifel Nicolaus, StockNews.com, TD Securities, and US Capital Advisors.
View the latest analyst ratings for MMP.

What is the current price target for Magellan Midstream Partners?

6 Wall Street analysts have set twelve-month price targets for Magellan Midstream Partners in the last year. Their average twelve-month price target is $64.33, suggesting a possible downside of 6.8%. TD Securities has the highest price target set, predicting MMP will reach $69.00 in the next twelve months. Mizuho has the lowest price target set, forecasting a price of $56.00 for Magellan Midstream Partners in the next year.
View the latest price targets for MMP.

What is the current consensus analyst rating for Magellan Midstream Partners?

Magellan Midstream Partners currently has 1 sell rating and 4 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Reduce."
View the latest ratings for MMP.

What other companies compete with Magellan Midstream Partners?

Other companies that are similar to Magellan Midstream Partners include Plains All American Pipeline, HF Sinclair, Plains GP, Mplx and Ovintiv. Learn More about companies similar to Magellan Midstream Partners.

How do I contact Magellan Midstream Partners' investor relations team?

Magellan Midstream Partners' physical mailing address is One Williams Center P.O. Box 22186, TULSA OK, 74121. The pipeline company's listed phone number is (918) 574-7000 and its investor relations email address is [email protected]. The official website for Magellan Midstream Partners is www.magellanlp.com. Learn More about contacing Magellan Midstream Partners investor relations.