Magellan Midstream Partners - MMP Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
News Sentiment
About
FAQ

Consensus Rating: Hold
Consensus Price Target: $56.27
Forecasted Upside: 3.71%
Number of Analysts: 11
Breakdown:
2 Sell Ratings
3 Hold Ratings
6 Buy Ratings
0 Strong Buy Ratings

^$54.26 As of 03/31/2023 01:00 AM ET

▼ -0.08 (-0.15%)

1 month | 3 months | 12 months

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Analyst Price Target for MMP

^$56.27

▲ +3.71% Upside Potential

This price target is based on 11 analysts offering 12 month price targets for Magellan Midstream Partners in the last 3 months. The average price target is $56.27, with a high forecast of $59.00 and a low forecast of $49.00. The average price target represents a 3.71% upside from the last price of $54.26.

Current Consensus is Hold

The current consensus among 11 polled investment analysts is to hold stock in Magellan Midstream Partners. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
6 buy ratings
7 hold ratings
3 sell ratings

Ratings as of

10/8/2021

0 strong buy ratings
6 buy ratings
6 hold ratings
3 sell ratings

Ratings as of

1/6/2022

0 strong buy ratings
4 buy ratings
4 hold ratings
3 sell ratings

Ratings as of

4/6/2022

0 strong buy ratings
5 buy ratings
4 hold ratings
2 sell ratings

Ratings as of

7/5/2022

0 strong buy ratings
6 buy ratings
4 hold ratings
2 sell ratings

Ratings as of

10/3/2022

0 strong buy ratings
6 buy ratings
3 hold ratings
3 sell ratings

Ratings as of

1/1/2023

0 strong buy ratings
6 buy ratings
3 hold ratings
2 sell ratings

Ratings as of

3/2/2023

0 strong buy ratings
6 buy ratings
3 hold ratings
2 sell ratings

Ratings as of

4/1/2023

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
3/15/2023	Royal Bank of Canada	Reiterated Rating	Outperform	$59.00	Low
2/7/2023	Citigroup	Boost Target	Buy	$56.00 ➝ $57.00	Low
2/7/2023	Wells Fargo & Company	Boost Target	Equal Weight	$56.00 ➝ $58.00	Low
2/3/2023	Raymond James	Boost Target	Outperform	$55.00 ➝ $58.00	Low
1/18/2023	Barclays	Upgrade	Equal Weight ➝ Overweight	$59.00	Low
1/9/2023	Morgan Stanley	Boost Target	Underweight	$54.00 ➝ $56.00	Low
12/16/2022	Wells Fargo & Company	Downgrade	Overweight ➝ Equal Weight	$57.00 ➝ $56.00	Low
12/8/2022	Citigroup	Initiated Coverage	Buy	$56.00	Low
11/16/2022	Wolfe Research	Downgrade	Peer Perform ➝ Underperform	$49.00	Low
11/1/2022	Royal Bank of Canada	Boost Target	Outperform	$58.00 ➝ $59.00	Low
10/31/2022	Barclays	Boost Target	Equal Weight	$49.00 ➝ $55.00	Low
10/28/2022	Raymond James	Boost Target	Outperform	$54.00 ➝ $55.00	Low
10/28/2022	TD Securities	Boost Target	Hold	$52.00 ➝ $54.00	Low
10/28/2022	Mizuho	Boost Target	Neutral	$52.00 ➝ $53.00	Low
10/13/2022	Barclays	Lower Target	Equal Weight	$51.00 ➝ $49.00	Low
8/3/2022	Royal Bank of Canada	Boost Target	Outperform	$56.00 ➝ $58.00	N/A
6/8/2022	The Goldman Sachs Group	Upgrade	Neutral ➝ Buy	$55.00 ➝ $59.00	Low
5/31/2022	Wells Fargo & Company	Upgrade	Equal Weight ➝ Overweight	$54.00 ➝ $56.00	Low
5/25/2022	JPMorgan Chase & Co.	Upgrade	Neutral ➝ Overweight	$52.00 ➝ $57.00	Medium
5/20/2022	Wells Fargo & Company	Lower Target	Equal Weight	$54.00	Low
5/6/2022	TD Securities	Boost Target	Hold	$51.00 ➝ $52.00	Low
4/26/2022	Morgan Stanley	Boost Target	Underweight	$50.00 ➝ $54.00	High
3/30/2022	Mizuho	Boost Target	Neutral	$50.00 ➝ $52.00	Medium
1/20/2022	Barclays	Downgrade	Overweight ➝ Equal Weight	$53.00 ➝ $51.00	Low
1/18/2022	Bank of America	Lower Target	Underperform	$50.00 ➝ $49.00	Low
1/7/2022	Morgan Stanley	Downgrade	Equal Weight ➝ Underweight	$50.00	Low
12/16/2021	Wells Fargo & Company	Lower Target	Equal Weight	$54.00 ➝ $52.00	High
11/23/2021	Morgan Stanley	Lower Target	Equal Weight	$55.00 ➝ $54.00	Low
11/11/2021	Mizuho	Boost Target	Neutral	$50.00 ➝ $52.00	Medium
11/9/2021	Credit Suisse Group	Boost Target	Neutral	$50.00 ➝ $52.00	Low
11/3/2021	TD Securities	Boost Target	Hold	$50.00 ➝ $51.00	Low
11/3/2021	Citigroup	Downgrade	Buy ➝ Neutral		Medium
10/19/2021	Barclays	Boost Target	Overweight	$50.00 ➝ $53.00	Low
10/18/2021	Raymond James	Boost Target	Outperform	$50.00 ➝ $51.00	Medium
9/28/2021	Bank of America	Initiated Coverage	Underperform		Low
9/20/2021	Citigroup	Lower Target	Buy	$56.00 ➝ $51.00	Medium
7/30/2021	Mizuho	Boost Target	Neutral	$47.00 ➝ $50.00	High
6/24/2021	Wells Fargo & Company	Boost Target	Equal Weight	$51.00 ➝ $52.00	Low
6/18/2021	Morgan Stanley	Boost Target	Equal Weight	$53.00 ➝ $54.00	Medium
5/26/2021	Morgan Stanley	Downgrade	Overweight ➝ Equal Weight	$53.00	Low
5/13/2021	Wells Fargo & Company	Boost Target	Equal Weight	$49.00 ➝ $51.00	Low
5/4/2021	Royal Bank of Canada	Boost Target	Outperform	$49.00 ➝ $53.00	Low
4/30/2021	TD Securities	Downgrade	Buy ➝ Hold	$47.00 ➝ $48.00	Medium
4/15/2021	Raymond James	Boost Target	Outperform	$47.00 ➝ $48.00	Low
4/14/2021	Wolfe Research	Upgrade	Underperform ➝ Peer Perform	$45.00	Low
3/22/2021	Morgan Stanley	Boost Target	Overweight	$55.00 ➝ $58.00	Low
3/18/2021	JPMorgan Chase & Co.	Reiterated Rating	Overweight ➝ Neutral	$50.00	Medium
3/17/2021	The Goldman Sachs Group	Lower Target	Buy ➝ Neutral	$43.00 ➝ $42.00	N/A
3/12/2021	JPMorgan Chase & Co.	Downgrade	Overweight ➝ Neutral	$50.00	Medium
3/11/2021	The Goldman Sachs Group	Downgrade	Buy ➝ Neutral	$43.00 ➝ $42.00	Medium
2/16/2021	Truist Financial	Downgrade	Buy ➝ Hold	$44.00	Low
2/3/2021	TD Securities	Lower Target	Buy	$50.00 ➝ $47.00	Low
2/3/2021	Mizuho	Lower Target		$46.00 ➝ $49.00	Medium
2/3/2021	Raymond James	Lower Target	Outperform	$50.00 ➝ $47.00	Low
2/1/2021	Scotiabank	Initiated Coverage	Sector Perform		Low
2/1/2021	Wolfe Research	Downgrade	Market Perform ➝ Underperform		Low
1/20/2021	Mizuho	Boost Target	Neutral	$45.00 ➝ $49.00	Low
1/14/2021	Raymond James	Boost Target	Outperform	$45.00 ➝ $50.00	Low
1/6/2021	Bank of America	Downgrade	Buy ➝ Neutral	$47.00	N/A
12/17/2020	Credit Suisse Group	Downgrade	Outperform ➝ Neutral	$48.00 ➝ $49.00	Low
11/30/2020	Wells Fargo & Company	Downgrade	Overweight ➝ Equal Weight	$48.00	High
11/9/2020	Argus	Downgrade	Buy ➝ Hold		High
11/2/2020	Stifel Nicolaus	Boost Target	Buy	$51.00 ➝ $52.00	Low
11/2/2020	TD Securities	Lower Target	Buy	$55.00 ➝ $50.00	Low
10/20/2020	Raymond James	Lower Target	Outperform	$51.00 ➝ $45.00	Low
9/25/2020	Morgan Stanley	Lower Target	Overweight	$55.00 ➝ $50.00	Low
8/21/2020	Morgan Stanley	Lower Target	Overweight	$57.00 ➝ $55.00	High
8/3/2020	Citigroup	Lower Target	Buy	$66.00 ➝ $46.00	Low
7/22/2020	Wells Fargo & Company	Boost Target	Overweight	$54.00 ➝ $57.00	Low
7/21/2020	Raymond James	Boost Target	Outperform	$50.00 ➝ $51.00	Low
7/17/2020	Barclays	Reiterated Rating	Buy	$48.00	Low
6/30/2020	TD Securities	Initiated Coverage	Buy	$55.00	High
6/15/2020	Evercore ISI	Initiated Coverage	Buy	$55.00	Medium
6/9/2020	BMO Capital Markets	Downgrade	Outperform ➝ Market Perform	$46.00	High
6/1/2020	Morgan Stanley	Boost Target	Overweight	$43.00 ➝ $57.00	Medium
5/10/2020	Royal Bank of Canada	Reiterated Rating	Buy	$50.00	Low
5/7/2020	Credit Suisse Group	Boost Target	Outperform	$42.00 ➝ $48.00	Medium
5/4/2020	Stifel Nicolaus	Lower Target	Buy	$58.00 ➝ $56.00	High
4/14/2020	Wells Fargo & Company	Lower Target	Overweight	$57.00 ➝ $54.00	Low
4/14/2020	Jefferies Financial Group	Upgrade	Hold ➝ Buy	$66.00 ➝ $56.00	Low
4/1/2020	Credit Suisse Group	Upgrade	Neutral ➝ Outperform	$53.00 ➝ $42.00	Medium
3/30/2020	Bank of America	Upgrade	Underperform ➝ Buy	$42.00	Low
3/27/2020	The Goldman Sachs Group	Lower Target	Buy	$54.00 ➝ $53.00	Low
3/27/2020	Mizuho	Lower Target	Neutral	$68.00 ➝ $43.00	Medium
3/25/2020	UBS Group	Lower Target	Buy	$56.00 ➝ $55.00	High
3/25/2020	JPMorgan Chase & Co.	Upgrade	Neutral ➝ Overweight	$75.00 ➝ $59.00	High
3/23/2020	SunTrust Banks	Upgrade	Hold ➝ Buy	$65.00 ➝ $50.00	High
3/16/2020	Morgan Stanley	Upgrade	Equal Weight ➝ Overweight		High
3/12/2020	Raymond James	Lower Target	Outperform	$69.00 ➝ $55.00	Low
2/18/2020	Evercore ISI	Reiterated Rating	Buy	$67.00	Medium
2/11/2020	Stifel Nicolaus	Upgrade	Hold ➝ Buy	$67.00 ➝ $66.00	Low
2/4/2020	Wells Fargo & Company	Reiterated Rating	Buy		Medium
2/4/2020	Citigroup	Lower Target	Buy	$70.00 ➝ $66.00	Low
1/22/2020	Mizuho	Reiterated Rating	Hold	$68.00	Low
1/14/2020	Barclays	Upgrade	Equal Weight ➝ Overweight	$68.00 ➝ $69.00	N/A
1/8/2020	Wolfe Research	Upgrade	Underperform ➝ Peer Perform		Low
1/7/2020	Wells Fargo & Company	Upgrade	Equal Weight ➝ Overweight	$70.00	Low
1/6/2020	Morgan Stanley	Initiated Coverage	Equal Weight	$58.00	Low
11/24/2019	The Goldman Sachs Group	Initiated Coverage	Buy	$69.00 ➝ $69.00	Low
11/4/2019	Bank of America	Downgrade	Neutral ➝ Underperform		Low
11/1/2019	Stifel Nicolaus	Set Target	Hold	$70.00	N/A
10/23/2019	Raymond James	Boost Target	Outperform	$71.00 ➝ $72.00	High
8/6/2019	Credit Suisse Group	Boost Target	Neutral	$68.00 ➝ $70.00	Low
8/2/2019	Stifel Nicolaus	Boost Target	Hold	$62.00 ➝ $68.00	Low
8/2/2019	Raymond James	Boost Target	Outperform	$69.00 ➝ $71.00	Low
7/30/2019	Bank of America	Boost Target	Neutral	$63.00 ➝ $66.00	Low
5/30/2019	Johnson Rice	Initiated Coverage	Accumulate	$71.00	Low
3/26/2019	LADENBURG THALM/SH SH	Set Target	Buy	$75.00	Low
2/27/2019	Bank of America	Downgrade	Buy ➝ Neutral	$69.00 ➝ $62.00	High
2/11/2019	Credit Suisse Group	Lower Target	Neutral	$76.00 ➝ $68.00	Low
2/5/2019	Evercore ISI	Initiated Coverage	Outperform		Low
2/2/2019	Citigroup	Set Target	Buy	$70.00	Low
2/1/2019	Wolfe Research	Downgrade	Underperform	$56.00	Low
1/28/2019	Jefferies Financial Group	Downgrade	Buy ➝ Hold		Low
1/18/2019	SunTrust Banks	Initiated Coverage	Hold ➝ Hold	$65.00 ➝ $65.00	Low
12/20/2018	Jefferies Financial Group	Upgrade	Hold ➝ Buy		Medium
11/28/2018	Mizuho	Initiated Coverage	Neutral	$67.00	Low
11/6/2018	Wells Fargo & Company	Lower Target	Market Perform ➝ Market Perform	$74.00 ➝ $72.00	Low
11/5/2018	Bank of America	Boost Target	Buy ➝ Buy	$71.00 ➝ $77.00	Low
11/2/2018	Barclays	Lower Target	Equal Weight ➝ Equal Weight	$74.00 ➝ $70.00	Low
11/2/2018	Stifel Nicolaus	Set Target	Hold	$67.00	Low
11/2/2018	Citigroup	Lower Target	Buy ➝ Buy	$82.00 ➝ $78.00	Low
10/30/2018	Wolfe Research	Initiated Coverage	Hold		Low
10/11/2018	Credit Suisse Group	Initiated Coverage	Neutral	$77.00	High
10/8/2018	The Goldman Sachs Group	Downgrade	Buy ➝ Neutral	$76.00	Low
8/6/2018	Barclays	Boost Target	Equal Weight ➝ Equal Weight	$72.00 ➝ $74.00	Low
8/3/2018	Stifel Nicolaus	Boost Target	Hold ➝ Hold	$71.00 ➝ $73.00	Medium
7/18/2018	Jefferies Financial Group	Downgrade	Buy ➝ Hold		Medium
7/13/2018	BMO Capital Markets	Reiterated Rating	Buy	$85.00	Low
7/11/2018	Barclays	Boost Target	Equal Weight ➝ Equal Weight	$69.00 ➝ $72.00	Medium
4/19/2018	Deutsche Bank Aktiengesellschaft	Initiated Coverage	Hold	$70.00	Low
4/17/2018	Barclays	Lower Target	Equal Weight ➝ Equal Weight	$76.00 ➝ $69.00	Low
4/11/2018	Mizuho	Reiterated Rating	Sell	$66.00	Low
4/9/2018	Royal Bank of Canada	Upgrade	Sector Perform ➝ Outperform	$79.00	Medium
4/5/2018	Jefferies Financial Group	Upgrade	Hold ➝ Buy	$73.00	High

(Data available from 4/1/2018 forward)

News Sentiment Rating

1.12 (Buy)

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

1 very positive mentions
3 positive mentions
1 negative mentions
0 very negative mentions

Mentions as of

9/3/2022

3 very positive mentions
7 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

10/3/2022

7 very positive mentions
13 positive mentions
3 negative mentions
1 very negative mentions

Mentions as of

11/2/2022

2 very positive mentions
9 positive mentions
2 negative mentions
1 very negative mentions

Mentions as of

12/2/2022

0 very positive mentions
7 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

1/1/2023

7 very positive mentions
11 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

1/31/2023

10 very positive mentions
11 positive mentions
2 negative mentions
2 very negative mentions

Mentions as of

3/2/2023

15 very positive mentions
4 positive mentions
0 negative mentions
1 very negative mentions

Mentions as of

4/1/2023

Current Sentiment

Recent Stories by Sentiment

Very Negative

finance.yahoo.com
3/4/2023
So Much For A Soft Landing, 3 Dividend Stocks For Passive Income To Help Weather A Recession

Negative

No negative mentions tracked during this time.

Positive

marketbeat.com
3/31/2023
Magellan Midstream Partners, L.P. (NYSE:MMP) Given Consensus Rating of "Hold" by Brokerages
finance.yahoo.com
3/22/2023
Magellan Midstream Partners (MMP) Dips More Than Broader Markets: What You Should Know
marketbeat.com
3/16/2023
Capital Investment Advisors LLC Acquires 9,146 Shares of Magellan Midstream Partners, L.P. (NYSE:MMP)
marketbeat.com
3/6/2023
Magellan Midstream Partners, L.P. (NYSE:MMP) Receives Consensus Rating of "Hold" from Analysts

Very Positive

marketbeat.com
3/31/2023
Royal Harbor Partners LLC Takes $208,000 Position in Magellan Midstream Partners, L.P. (NYSE:MMP)
marketbeat.com
3/30/2023
Hennessy Advisors Inc. Has $2.97 Million Holdings in Magellan Midstream Partners, L.P. (NYSE:MMP)
marketbeat.com
3/28/2023
Anderson Hoagland & Co. Purchases Shares of 9,264 Magellan Midstream Partners, L.P. (NYSE:MMP)
marketbeat.com
3/27/2023
Delta Investment Management LLC Cuts Holdings in Magellan Midstream Partners, L.P. (NYSE:MMP)
marketbeat.com
3/26/2023
Rothschild Investment Corp IL Has $3.44 Million Stock Position in Magellan Midstream Partners, L.P. (NYSE:MMP)

Magellan Midstream Partners LP engages in the transportation, storage, and distribution of petroleum products and crude oil. It operates through the following segments: Refined Products and Crude Oil. The Refined Products segment consists of an approximately 9,800-mile refined petroleum products pipeline system with 54 terminals and two marine storage terminals. The Crude Oil segment has approximately 2,200 miles of crude oil pipelines, a condensate splitter, and 39 million barrels of aggregate storage capacity, of which approximately 29 million barrels are used for contract storage. The company was founded in August 2000 and is headquartered in Tulsa, OK.

Today's Range

Now: $54.26

$54.16

$54.62

50 Day Range

MA: $53.25

$50.89

$54.70

52 Week Range

Now: $54.26

$44.79

$60.55

Volume

1,075,912 shs

Average Volume

1,007,780 shs

Market Capitalization

$11.03 billion

P/E Ratio

10.96

Dividend Yield

7.71%

Beta

0.92

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: Barclays PLC, Citigroup Inc., JPMorgan Chase & Co., Mizuho, Morgan Stanley, Raymond James, Royal Bank of Canada, StockNews.com, TD Securities, The Goldman Sachs Group, Inc., Wells Fargo & Company, and Wolfe Research.
View the latest analyst ratings for MMP.
What is the current price target for Magellan Midstream Partners?: 11 Wall Street analysts have set twelve-month price targets for Magellan Midstream Partners in the last year. Their average twelve-month price target is $56.27, suggesting a possible upside of 3.7%. Barclays PLC has the highest price target set, predicting MMP will reach $59.00 in the next twelve months. Wolfe Research has the lowest price target set, forecasting a price of $49.00 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 2 sell ratings, 3 hold ratings and 6 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?: Other companies that are similar to Magellan Midstream Partners include HF Sinclair, Plains All American Pipeline, Mplx, APA and EQT. 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.

Magellan Midstream Partners - MMP Stock Price Target and Predictions

Analyst Price Target for MMP

Current Consensus is Hold

Past Monthly Recommendations

Latest Recommendations

News Sentiment Rating

1.12 (Buy)

News Sentiment Over Time

Current Sentiment

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Today's Range

50 Day Range

52 Week Range

Volume

Average Volume

Market Capitalization

P/E Ratio

Dividend Yield

Beta

Frequently Asked Questions

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

What is the current price target for Magellan Midstream Partners?

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

What other companies compete with Magellan Midstream Partners?

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