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

  • Consensus Rating: Buy
  • Consensus Price Target: $50.28
  • Forecasted Upside: 14.09 %
  • Number of Analysts: 19
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 16 Buy Ratings
  • 0 Strong Buy Ratings
$44.07
▲ +1.04 (2.42%)
1 month | 3 months | 12 months
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Analyst Price Target for MMP

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$50.28
▲ +14.09% Upside Potential
This price target is based on 19 analysts offering 12 month price targets for Magellan Midstream Partners in the last 3 months. The average price target is $50.28, with a high forecast of $59.00 and a low forecast of $42.00. The average price target represents a 14.09% upside from the last price of $44.07.
Buy
The current consensus among 19 contributing investment analysts is to buy stock in Magellan Midstream Partners. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 11 buy ratings
  • 3 hold ratings
  • 0 sell ratings
6/4/2019
  • 0 strong buy ratings
  • 12 buy ratings
  • 2 hold ratings
  • 0 sell ratings
9/2/2019
  • 0 strong buy ratings
  • 10 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/1/2019
  • 0 strong buy ratings
  • 11 buy ratings
  • 2 hold ratings
  • 0 sell ratings
2/29/2020
  • 0 strong buy ratings
  • 15 buy ratings
  • 2 hold ratings
  • 0 sell ratings
5/29/2020
  • 0 strong buy ratings
  • 16 buy ratings
  • 2 hold ratings
  • 0 sell ratings
8/27/2020
  • 0 strong buy ratings
  • 16 buy ratings
  • 2 hold ratings
  • 0 sell ratings
10/26/2020
  • 0 strong buy ratings
  • 16 buy ratings
  • 3 hold ratings
  • 0 sell ratings
11/25/2020

Latest Recommendations

  • 0 strong buy ratings
  • 16 buy ratings
  • 3 hold ratings
  • 0 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/9/2020ArgusDowngradeBuy ➝ HoldHigh
i
11/2/2020Stifel NicolausBoost Price TargetBuy$51.00 ➝ $52.00Low
i
11/2/2020TD SecuritiesLower Price TargetBuy$55.00 ➝ $50.00Low
i
Rating by Linda Ezergailis at TD Securities
10/20/2020Raymond JamesLower Price TargetOutperform$51.00 ➝ $45.00Low
i
9/25/2020Morgan StanleyLower Price TargetOverweight$55.00 ➝ $50.00Low
i
8/21/2020Morgan StanleyLower Price TargetOverweight$57.00 ➝ $55.00High
i
8/3/2020CitigroupLower Price TargetBuy$66.00 ➝ $46.00Low
i
7/22/2020Wells Fargo & CompanyBoost Price TargetOverweight$54.00 ➝ $57.00Low
i
7/21/2020Raymond JamesBoost Price TargetOutperform$50.00 ➝ $51.00Low
i
7/17/2020BarclaysReiterated RatingBuy$48.00Low
i
6/30/2020TD SecuritiesInitiated CoverageBuy$55.00High
i
6/15/2020Evercore ISIInitiated CoverageBuy$55.00Medium
i
Rating by Dan Walk at Evercore ISI
6/9/2020BMO Capital MarketsDowngradeOutperform ➝ Market Perform$46.00High
i
6/1/2020Morgan StanleyBoost Price TargetOverweight$43.00 ➝ $57.00Medium
i
Rating by Devin McDermott at Morgan Stanley
5/10/2020Royal Bank of CanadaReiterated RatingBuy$50.00Low
i
5/7/2020Credit Suisse GroupBoost Price TargetOutperform$42.00 ➝ $48.00Medium
i
Rating by Spiro M. Dounis at Credit Suisse Group AG
5/4/2020Stifel NicolausLower Price TargetBuy$58.00 ➝ $56.00High
i
Rating by Selman Akyol at Stifel Nicolaus
4/14/2020Wells Fargo & CompanyLower Price TargetOverweight$57.00 ➝ $54.00Low
i
Rating by Praneeth Satish at Wells Fargo & Company
4/14/2020Jefferies Financial GroupUpgradeHold ➝ Buy$66.00 ➝ $56.00Low
i
4/1/2020Credit Suisse GroupUpgradeNeutral ➝ Outperform$53.00 ➝ $42.00Medium
i
3/30/2020Bank of AmericaUpgradeUnderperform ➝ Buy$42.00Low
i
3/27/2020The Goldman Sachs GroupLower Price TargetBuy$54.00 ➝ $53.00Low
i
Rating by Michael Lapides at The Goldman Sachs Group, Inc.
3/27/2020MizuhoLower Price TargetNeutral$68.00 ➝ $43.00Medium
i
Rating by Gabe Moreen at Mizuho
3/25/2020UBS GroupLower Price TargetBuy$56.00 ➝ $55.00High
i
3/25/2020JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$75.00 ➝ $59.00High
i
3/23/2020SunTrust BanksUpgradeHold ➝ Buy$65.00 ➝ $50.00High
i
3/16/2020Morgan StanleyUpgradeEqual Weight ➝ OverweightHigh
i
Rating by Devin McDermott at Morgan Stanley
3/12/2020Raymond JamesLower Price TargetOutperform$69.00 ➝ $55.00Low
i
2/18/2020Evercore ISIReiterated RatingBuy$67.00Medium
i
Rating by Dan Walk at Evercore ISI
2/11/2020Stifel NicolausUpgradeHold ➝ Buy$67.00 ➝ $66.00Low
i
Rating by Selman Akyol at Stifel Nicolaus
2/4/2020Wells Fargo & CompanyReiterated RatingBuyMedium
i
Rating by Praneeth Satish at Wells Fargo & Company
2/4/2020CitigroupLower Price TargetBuy$70.00 ➝ $66.00Low
i
1/22/2020MizuhoReiterated RatingHold$68.00Low
i
Rating by Gabe Moreen at Mizuho
1/14/2020BarclaysUpgradeEqual Weight ➝ Overweight$68.00 ➝ $69.00N/A
i
1/8/2020Wolfe ResearchUpgradeUnderperform ➝ Peer PerformLow
i
1/7/2020Wells Fargo & CompanyUpgradeEqual Weight ➝ Overweight$70.00Low
i
1/6/2020Morgan StanleyInitiated CoverageEqual Weight$58.00Low
i
11/24/2019The Goldman Sachs GroupInitiated CoverageBuy$69.00 ➝ $69.00Low
i
11/4/2019Bank of AmericaDowngradeNeutral ➝ UnderperformLow
i
11/1/2019Stifel NicolausSet Price TargetHold$70.00N/A
i
Rating by Selman Akyol at Stifel Nicolaus
10/23/2019Raymond JamesBoost Price TargetOutperform$71.00 ➝ $72.00High
i
8/6/2019Credit Suisse GroupBoost Price TargetNeutral$68.00 ➝ $70.00Low
i
8/2/2019Stifel NicolausBoost Price TargetHold$62.00 ➝ $68.00Low
i
8/2/2019Raymond JamesBoost Price TargetOutperform$69.00 ➝ $71.00Low
i
7/30/2019Bank of AmericaBoost Price TargetNeutral$63.00 ➝ $66.00Low
i
5/30/2019Johnson RiceInitiated CoverageAccumulate$71.00Low
i
3/26/2019LADENBURG THALM/SH SHSet Price TargetBuy$75.00Low
i
Rating by Michael Schmitz at LADENBURG THALM/SH SH
2/27/2019Bank of AmericaDowngradeBuy ➝ Neutral$69.00 ➝ $62.00High
i
2/11/2019Credit Suisse GroupLower Price TargetNeutral$76.00 ➝ $68.00Low
i
2/5/2019Evercore ISIInitiated CoverageOutperformLow
i
2/2/2019CitigroupSet Price TargetBuy$70.00Low
i
Rating by Mirek Zak at Citigroup Inc.
2/1/2019Wolfe ResearchDowngradeUnderperform$56.00Low
i
Rating by Alex Kania at Wolfe Research
1/28/2019Jefferies Financial GroupDowngradeBuy ➝ HoldLow
i
1/18/2019SunTrust BanksInitiated CoverageHold ➝ Hold$65.00 ➝ $65.00Low
i
12/20/2018Jefferies Financial GroupUpgradeHold ➝ BuyMedium
i
11/28/2018MizuhoInitiated CoverageNeutral$67.00Low
i
11/6/2018Wells Fargo & CompanyLower Price TargetMarket Perform ➝ Market Perform$74.00 ➝ $72.00Low
i
11/5/2018Bank of AmericaBoost Price TargetBuy ➝ Buy$71.00 ➝ $77.00Low
i
11/2/2018BarclaysLower Price TargetEqual Weight ➝ Equal Weight$74.00 ➝ $70.00Low
i
11/2/2018Stifel NicolausSet Price TargetHold$67.00Low
i
Rating by Selman Akyol at Stifel Nicolaus
11/2/2018CitigroupLower Price TargetBuy ➝ Buy$82.00 ➝ $78.00Low
i
Rating by Mirek Zak at Citigroup Inc.
10/30/2018Wolfe ResearchInitiated CoverageHoldLow
i
Rating by Alex Kania at Wolfe Research
10/11/2018Credit Suisse GroupInitiated CoverageNeutral$77.00High
i
10/8/2018The Goldman Sachs GroupDowngradeBuy ➝ Neutral$76.00Low
i
8/6/2018BarclaysBoost Price TargetEqual Weight ➝ Equal Weight$72.00 ➝ $74.00Low
i
8/3/2018Stifel NicolausBoost Price TargetHold ➝ Hold$71.00 ➝ $73.00Medium
i
7/18/2018Jefferies Financial GroupDowngradeBuy ➝ HoldMedium
i
7/13/2018BMO Capital MarketsReiterated RatingBuy$85.00Low
i
7/11/2018BarclaysBoost Price TargetEqual Weight ➝ Equal Weight$69.00 ➝ $72.00Medium
i
4/19/2018Deutsche Bank AktiengesellschaftInitiated CoverageHold$70.00Low
i
4/17/2018BarclaysLower Price TargetEqual Weight ➝ Equal Weight$76.00 ➝ $69.00Low
i
4/11/2018MizuhoReiterated RatingSell$66.00Low
i
Rating by Brian Zarahn at Mizuho
4/9/2018Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$79.00Medium
i
4/5/2018Jefferies Financial GroupUpgradeHold ➝ Buy$73.00High
i
3/27/2018Bank of AmericaLower Price TargetBuy ➝ Buy$77.00 ➝ $71.00High
i
3/16/2018Morgan StanleyLower Price TargetUnderweight ➝ Underweight$73.00 ➝ $69.00Low
i
3/13/2018JPMorgan Chase & Co.Reiterated RatingNeutral ➝ Neutral$78.00 ➝ $75.00Low
i
3/2/2018UBS GroupBoost Price TargetBuy ➝ Buy$80.00 ➝ $81.00Low
i
2/2/2018Mitsubishi UFJ Financial GroupReiterated RatingNeutralMedium
i
Rating by B. Blaschke at Mitsubishi UFJ Financial Group
2/2/2018Bank of AmericaLower Price TargetBuy ➝ Buy$78.00 ➝ $77.00Low
i
2/2/2018Stifel NicolausReiterated RatingHold$69.00Low
i
2/2/2018Royal Bank of CanadaReiterated RatingHold$79.00Low
i
2/2/2018BarclaysLower Price TargetEqual Weight ➝ Equal Weight$78.00 ➝ $76.00Low
i
1/16/2018Royal Bank of CanadaReiterated RatingHold$81.00Medium
i
1/9/2018Bank of AmericaInitiated CoverageBuyLow
i
1/4/2018Credit Suisse GroupInitiated CoverageUnderperform ➝ UnderperformLow
i
12/11/2017BMO Capital MarketsInitiated CoverageBuy$80.00 ➝ $80.00Low
i
Rating by Danilo Juvane at BMO Capital Markets
10/20/2017MizuhoReiterated RatingSell$72.00N/A
i
9/21/2017CitigroupUpgradeNeutral ➝ Buy$82.00Low
i
9/3/2017Jefferies Financial GroupReiterated RatingHold$73.00 ➝ $70.00Low
i
8/3/2017Stifel NicolausReiterated RatingHold$77.00Low
i
7/24/2017Royal Bank of CanadaReiterated RatingHold$80.00Low
i
7/19/2017Stifel NicolausReiterated RatingHold$81.00High
i
7/18/2017BarclaysDowngradeOverweight ➝ Equal Weight$88.00 ➝ $77.00Low
i
7/18/2017UBS GroupUpgradeNeutral ➝ Buy$82.00Low
i
7/10/2017MizuhoDowngradeNeutral ➝ Underperform$74.00 ➝ $72.00Medium
i
6/22/2017Jefferies Financial GroupInitiated CoverageHold ➝ Hold$73.00Low
i
6/20/2017Royal Bank of CanadaReiterated RatingHold$80.00High
i
5/4/2017Credit Suisse GroupUpgradeUnderperform ➝ Neutral$80.00 ➝ $84.00Low
i
4/21/2017MacquarieInitiated CoverageNeutral$80.00Low
i
4/13/2017Royal Bank of CanadaReiterated RatingHold$80.00Low
i
3/23/2017UBS GroupReiterated RatingNeutral$81.00 ➝ $82.00Low
i
3/14/2017Royal Bank of CanadaReiterated RatingHold$80.00Medium
i
3/6/2017CitigroupDowngradeBuy ➝ NeutralN/A
i
2/6/2017MizuhoBoost Price TargetNeutral$73.00 ➝ $74.00N/A
i
Rating by Brian Zarahn at Mizuho
2/3/2017Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformN/A
i
2/3/2017UBS GroupDowngradeBuy ➝ Neutral$81.00N/A
i
1/15/2017Raymond JamesDowngradeBuy$73.00N/A
i
Rating by Darren Horowitz at Raymond James
1/12/2017Raymond JamesReiterated RatingStrong-Buy ➝ Outperform$78.00 ➝ $80.00N/A
i
1/11/2017Wells Fargo & CompanyDowngradeOutperform ➝ Market PerformN/A
i
1/6/2017Royal Bank of CanadaReiterated RatingBuy$84.00N/A
i
1/3/2017Deutsche Bank AktiengesellschaftInitiated CoverageBuy$86.00N/A
i
12/19/2016LADENBURG THALM/SH SHInitiated CoverageBuy$80.00N/A
i
12/15/2016The Goldman Sachs GroupUpgradeNeutral ➝ Buy$76.00 ➝ $85.00N/A
i
9/29/2016MizuhoInitiated CoverageNeutral$73.00N/A
i
8/23/2016ArgusReiterated RatingBuy$85.00N/A
i
8/18/2016Morgan StanleyDowngradeEqual ➝ Underweight$73.00 ➝ $69.00N/A
i
Rating by Tom Abrams at Morgan Stanley
8/5/2016WunderlichReiterated RatingHold$71.00N/A
i
Rating by Jeffrey Birnbaum at Wunderlich
8/3/2016Morgan StanleySet Price TargetHold$73.00N/A
i
Rating by Tom Abrams at Morgan Stanley
8/3/2016Credit Suisse GroupSet Price TargetSell$74.00N/A
i
Rating by John Edwards at Credit Suisse Group AG
7/13/2016LADENBURG THALM/SH SHInitiated CoverageBuyN/A
i
6/14/2016Seaport Global SecuritiesInitiated CoverageBuy$82.00N/A
i
Rating by B. Mckenzie at Seaport Global Securities
6/1/2016UBS GroupUpgradeNeutral ➝ BuyN/A
i
5/16/2016JPMorgan Chase & Co.Lower Price TargetNeutral$82.00 ➝ $78.00N/A
i
5/13/2016Credit Suisse GroupReiterated RatingSell$70.00N/A
i
Rating by John Edwards at Credit Suisse Group AG
5/10/2016Wells Fargo & CompanyReiterated RatingBuyN/A
i
Rating by Sharon Lui at Wells Fargo & Company
5/5/2016Stifel NicolausDowngradeBuy ➝ HoldN/A
i
4/29/2016Royal Bank of CanadaBoost Price TargetOutperform$61.00 ➝ $69.00N/A
i
4/4/2016WunderlichDowngradeBuy ➝ Hold$68.00N/A
i
4/1/2016Credit Suisse GroupReiterated RatingSell$70.00N/A
i
Rating by John Edwards at Credit Suisse Group AG
3/17/2016Credit Suisse GroupDowngradeNeutral ➝ Underperform$70.00N/A
i
Rating by John Edwards at Credit Suisse Group AG
3/9/2016Mitsubishi UFJ Financial GroupInitiated CoverageNeutral$83.00N/A
i
Rating by B. Blaschke at Mitsubishi UFJ Financial Group
2/25/2016Morgan StanleyInitiated CoverageEqual ➝ Equal Weight$71.00N/A
i
2/5/2016WunderlichLower Price Target$70.00 ➝ $68.00N/A
i
2/5/2016BarclaysLower Price TargetOverweight$84.00 ➝ $82.00N/A
i
2/5/2016Credit Suisse GroupDowngradeOutperform ➝ Neutral$80.00 ➝ $70.00N/A
i
1/6/2016UBS GroupUpgradeNeutral ➝ Buy$70.00 ➝ $77.00N/A
i
1/4/2016Raymond JamesUpgradeOutperform ➝ Strong-Buy$75.00 ➝ $78.00N/A
i
Rating by Darren Horowitz at Raymond James
(Data available from 11/25/2015 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, Crude Oil, and Marine Storage segments. It operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent refiners and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, bio-fuel producers, and regional farm cooperatives; and provides services, including terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. The company also 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 53 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 35 million barrels; and 6 marine terminals with an aggregate storage capacity of approximately 31 million barrels. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.
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Today's Range

Now: $44.07
$43.33
$44.37

50 Day Range

MA: $37.45
$34.25
$43.03

52 Week Range

Now: $44.07
$22.02
$65.34

Volume

1,783,800 shs

Average Volume

1,553,599 shs

Market Capitalization

$9.86 billion

P/E Ratio

10.91

Dividend Yield

9.55%

Beta

0.97