NYSE:MMP - Magellan Midstream Partners Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $48.40
  • Forecasted Upside: -3.57 %
  • Number of Analysts: 16
  • Breakdown:
  • 0 Sell Ratings
  • 11 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
$50.19
▼ -0.64 (-1.26%)

This chart shows the closing price for MMP by one month, three months, or twelve months.

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Analyst Price Target for MMP

Analyst Price Target is $48.40
▼ -3.57% Downside Potential
This price target is based on 16 analysts offering 12 month price targets for Magellan Midstream Partners in the last 3 months. The average price target is $48.40, with a high forecast of $54.00 and a low forecast of $42.00. The average price target represents a -3.57% upside from the last price of $50.19.

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

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Current Consensus is Hold

The current consensus among 16 polled investment analysts is to hold stock in Magellan Midstream Partners. This rating has held steady since October 2020, when it changed from a Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart

  • 0 strong buy ratings
  • 7 buy ratings
  • 4 hold ratings
  • 0 sell ratings
12/31/2019
  • 0 strong buy ratings
  • 7 buy ratings
  • 8 hold ratings
  • 0 sell ratings
3/30/2020
  • 0 strong buy ratings
  • 9 buy ratings
  • 8 hold ratings
  • 0 sell ratings
6/28/2020
  • 0 strong buy ratings
  • 9 buy ratings
  • 9 hold ratings
  • 0 sell ratings
9/26/2020
  • 0 strong buy ratings
  • 9 buy ratings
  • 10 hold ratings
  • 0 sell ratings
12/25/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 12 hold ratings
  • 0 sell ratings
3/25/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 12 hold ratings
  • 0 sell ratings
5/24/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 11 hold ratings
  • 0 sell ratings
6/23/2021

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 11 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
6/18/2021Morgan StanleyBoost Price TargetEqual Weight$53.00 ➝ $54.00Medium
5/26/2021Morgan StanleyDowngradeOverweight ➝ Equal Weight$53.00Low
5/13/2021Wells Fargo & CompanyBoost Price TargetEqual Weight$49.00 ➝ $51.00Low
5/4/2021Royal Bank of CanadaBoost Price TargetOutperform$49.00 ➝ $53.00Low
4/30/2021TD SecuritiesDowngradeBuy ➝ Hold$47.00 ➝ $48.00Medium
4/15/2021Raymond JamesBoost Price TargetOutperform$47.00 ➝ $48.00Low
4/14/2021Wolfe ResearchUpgradeUnderperform ➝ Peer Perform$45.00Low
3/22/2021Morgan StanleyBoost Price TargetOverweight$55.00 ➝ $58.00Low
3/18/2021JPMorgan Chase & Co.Reiterated RatingOverweight ➝ Neutral$50.00Medium
3/17/2021The Goldman Sachs GroupLower Price 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
2/16/2021TruistDowngradeBuy ➝ Hold$44.00Low
2/3/2021TD SecuritiesLower Price TargetBuy$50.00 ➝ $47.00Low
2/3/2021MizuhoLower Price Target$46.00 ➝ $49.00Medium
2/3/2021Raymond JamesLower Price TargetOutperform$50.00 ➝ $47.00Low
2/1/2021ScotiabankInitiated CoverageSector PerformLow
2/1/2021Wolfe ResearchDowngradeMarket Perform ➝ UnderperformLow
1/20/2021MizuhoBoost Price TargetNeutral$45.00 ➝ $49.00Low
1/14/2021Raymond JamesBoost Price 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 Price TargetBuy$51.00 ➝ $52.00Low
11/2/2020TD SecuritiesLower Price TargetBuy$55.00 ➝ $50.00Low
10/20/2020Raymond JamesLower Price TargetOutperform$51.00 ➝ $45.00Low
9/25/2020Morgan StanleyLower Price TargetOverweight$55.00 ➝ $50.00Low
8/21/2020Morgan StanleyLower Price TargetOverweight$57.00 ➝ $55.00High
8/3/2020CitigroupLower Price TargetBuy$66.00 ➝ $46.00Low
7/22/2020Wells Fargo & CompanyBoost Price TargetOverweight$54.00 ➝ $57.00Low
7/21/2020Raymond JamesBoost Price 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 Price TargetOverweight$43.00 ➝ $57.00Medium
5/10/2020Royal Bank of CanadaReiterated RatingBuy$50.00Low
5/7/2020Credit Suisse GroupBoost Price TargetOutperform$42.00 ➝ $48.00Medium
5/4/2020Stifel NicolausLower Price TargetBuy$58.00 ➝ $56.00High
4/14/2020Wells Fargo & CompanyLower Price 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 Price TargetBuy$54.00 ➝ $53.00Low
3/27/2020MizuhoLower Price TargetNeutral$68.00 ➝ $43.00Medium
3/25/2020UBS GroupLower Price 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 Price 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 Price 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 Price TargetHold$70.00N/A
10/23/2019Raymond JamesBoost Price TargetOutperform$71.00 ➝ $72.00High
8/6/2019Credit Suisse GroupBoost Price TargetNeutral$68.00 ➝ $70.00Low
8/2/2019Stifel NicolausBoost Price TargetHold$62.00 ➝ $68.00Low
8/2/2019Raymond JamesBoost Price TargetOutperform$69.00 ➝ $71.00Low
7/30/2019Bank of AmericaBoost Price TargetNeutral$63.00 ➝ $66.00Low
5/30/2019Johnson RiceInitiated CoverageAccumulate$71.00Low
3/26/2019LADENBURG THALM/SH SHSet Price TargetBuy$75.00Low
2/27/2019Bank of AmericaDowngradeBuy ➝ Neutral$69.00 ➝ $62.00High
2/11/2019Credit Suisse GroupLower Price TargetNeutral$76.00 ➝ $68.00Low
2/5/2019Evercore ISIInitiated CoverageOutperformLow
2/2/2019CitigroupSet Price TargetBuy$70.00Low
2/1/2019Wolfe ResearchDowngradeUnderperform$56.00Low
1/28/2019Jefferies Financial GroupDowngradeBuy ➝ HoldLow
1/18/2019SunTrust BanksInitiated CoverageHold ➝ Hold$65.00 ➝ $65.00Low
12/20/2018Jefferies Financial GroupUpgradeHold ➝ BuyMedium
11/28/2018MizuhoInitiated CoverageNeutral$67.00Low
11/6/2018Wells Fargo & CompanyLower Price TargetMarket Perform ➝ Market Perform$74.00 ➝ $72.00Low
11/5/2018Bank of AmericaBoost Price TargetBuy ➝ Buy$71.00 ➝ $77.00Low
11/2/2018BarclaysLower Price TargetEqual Weight ➝ Equal Weight$74.00 ➝ $70.00Low
11/2/2018Stifel NicolausSet Price TargetHold$67.00Low
11/2/2018CitigroupLower Price TargetBuy ➝ Buy$82.00 ➝ $78.00Low
10/30/2018Wolfe ResearchInitiated CoverageHoldLow
10/11/2018Credit Suisse GroupInitiated CoverageNeutral$77.00High
10/8/2018The Goldman Sachs GroupDowngradeBuy ➝ Neutral$76.00Low
8/6/2018BarclaysBoost Price TargetEqual Weight ➝ Equal Weight$72.00 ➝ $74.00Low
8/3/2018Stifel NicolausBoost Price TargetHold ➝ Hold$71.00 ➝ $73.00Medium
7/18/2018Jefferies Financial GroupDowngradeBuy ➝ HoldMedium
7/13/2018BMO Capital MarketsReiterated RatingBuy$85.00Low
7/11/2018BarclaysBoost Price TargetEqual Weight ➝ Equal Weight$69.00 ➝ $72.00Medium
4/19/2018Deutsche Bank AktiengesellschaftInitiated CoverageHold$70.00Low
4/17/2018BarclaysLower Price TargetEqual Weight ➝ Equal Weight$76.00 ➝ $69.00Low
4/11/2018MizuhoReiterated RatingSell$66.00Low
4/9/2018Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$79.00Medium
4/5/2018Jefferies Financial GroupUpgradeHold ➝ Buy$73.00High
3/27/2018Bank of AmericaLower Price TargetBuy ➝ Buy$77.00 ➝ $71.00High
3/16/2018Morgan StanleyLower Price TargetUnderweight ➝ Underweight$73.00 ➝ $69.00Low
3/13/2018JPMorgan Chase & Co.Reiterated RatingNeutral ➝ Neutral$78.00 ➝ $75.00Low
3/2/2018UBS GroupBoost Price TargetBuy ➝ Buy$80.00 ➝ $81.00Low
2/2/2018Mitsubishi UFJ Financial GroupReiterated RatingNeutralMedium
2/2/2018Bank of AmericaLower Price TargetBuy ➝ Buy$78.00 ➝ $77.00Low
2/2/2018Stifel NicolausReiterated RatingHold$69.00Low
2/2/2018Royal Bank of CanadaReiterated RatingHold$79.00Low
2/2/2018BarclaysLower Price TargetEqual Weight ➝ Equal Weight$78.00 ➝ $76.00Low
1/16/2018Royal Bank of CanadaReiterated RatingHold$81.00Medium
1/9/2018Bank of AmericaInitiated CoverageBuyLow
1/4/2018Credit Suisse GroupInitiated CoverageUnderperform ➝ UnderperformLow
12/11/2017BMO Capital MarketsInitiated CoverageBuy$80.00 ➝ $80.00Low
10/20/2017MizuhoReiterated RatingSell$72.00N/A
9/21/2017CitigroupUpgradeNeutral ➝ Buy$82.00Low
9/3/2017Jefferies Financial GroupReiterated RatingHold$73.00 ➝ $70.00Low
8/3/2017Stifel NicolausReiterated RatingHold$77.00Low
7/24/2017Royal Bank of CanadaReiterated RatingHold$80.00Low
7/19/2017Stifel NicolausReiterated RatingHold$81.00High
7/18/2017BarclaysDowngradeOverweight ➝ Equal Weight$88.00 ➝ $77.00Low
7/18/2017UBS GroupUpgradeNeutral ➝ Buy$82.00Low
7/10/2017MizuhoDowngradeNeutral ➝ Underperform$74.00 ➝ $72.00Medium
6/22/2017Jefferies Financial GroupInitiated CoverageHold ➝ Hold$73.00Low
6/20/2017Royal Bank of CanadaReiterated RatingHold$80.00High
5/4/2017Credit Suisse GroupUpgradeUnderperform ➝ Neutral$80.00 ➝ $84.00Low
4/21/2017MacquarieInitiated CoverageNeutral$80.00Low
4/13/2017Royal Bank of CanadaReiterated RatingHold$80.00Low
3/23/2017UBS GroupReiterated RatingNeutral$81.00 ➝ $82.00Low
3/14/2017Royal Bank of CanadaReiterated RatingHold$80.00Medium
3/6/2017CitigroupDowngradeBuy ➝ NeutralN/A
2/6/2017MizuhoBoost Price TargetNeutral$73.00 ➝ $74.00N/A
2/3/2017Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformN/A
2/3/2017UBS GroupDowngradeBuy ➝ Neutral$81.00N/A
1/15/2017Raymond JamesDowngradeBuy$73.00N/A
1/12/2017Raymond JamesReiterated RatingStrong-Buy ➝ Outperform$78.00 ➝ $80.00N/A
1/11/2017Wells Fargo & CompanyDowngradeOutperform ➝ Market PerformN/A
1/6/2017Royal Bank of CanadaReiterated RatingBuy$84.00N/A
1/3/2017Deutsche Bank AktiengesellschaftInitiated CoverageBuy$86.00N/A
12/19/2016LADENBURG THALM/SH SHInitiated CoverageBuy$80.00N/A
12/15/2016The Goldman Sachs GroupUpgradeNeutral ➝ Buy$76.00 ➝ $85.00N/A
9/29/2016MizuhoInitiated CoverageNeutral$73.00N/A
8/23/2016ArgusReiterated RatingBuy$85.00N/A
8/18/2016Morgan StanleyDowngradeEqual ➝ Underweight$73.00 ➝ $69.00N/A
8/5/2016WunderlichReiterated RatingHold$71.00N/A
8/3/2016Morgan StanleySet Price TargetHold$73.00N/A
8/3/2016Credit Suisse GroupSet Price TargetSell$74.00N/A
7/13/2016LADENBURG THALM/SH SHInitiated CoverageBuyN/A
(Data available from 6/23/2016 forward)
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 through Refined Products and Crude Oil segments. It operates refined products pipeline that transports gasoline, diesel fuel, 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. The company 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, Magellan Midstream Partners, L.P. owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide distribution, storage, blending, inventory management, and additive injection services for refiners, marketers, traders, and other end users of petroleum products. As of December 31, 2019, it had 9,800-mile refined products pipeline system with 54 terminals, as well as 25 independent terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 37 million barrels; and 2 marine terminals. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.
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Today's Range

Now: $50.19
Low: $50.16
High: $51.14

50 Day Range

MA: $49.07
Low: $45.45
High: $53.53

52 Week Range

Now: $50.19
Low: $32.61
High: $53.85

Volume

988,116 shs

Average Volume

1,459,060 shs

Market Capitalization

$11.21 billion

P/E Ratio

15.03

Dividend Yield

8.09%

Beta

1.11

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, Bank of America Co., Barclays PLC, Citigroup Inc., Credit Suisse Group AG, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Raymond James, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, TD Securities, The Goldman Sachs Group, Inc., TheStreet, Truist, Wells Fargo & Company, Wolfe Research, and Zacks Investment Research.
View the latest analyst ratings for MMP.

What is the current price target for Magellan Midstream Partners?

15 Wall Street analysts have set twelve-month price targets for Magellan Midstream Partners in the last year. Their average twelve-month price target is $48.40, suggesting a possible downside of 3.6%. Morgan Stanley has the highest price target set, predicting MMP will reach $54.00 in the next twelve months. The Goldman Sachs Group, Inc. has the lowest price target set, forecasting a price of $42.00 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 11 hold ratings and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in MMP, but not buy more shares or sell existing shares.
View the latest ratings for MMP.

What other companies compete with 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.