MAGELLAN MIDSTREAM PARTNERS (MMP) Forecast, Price Target & Analyst Ratings

NYSE:MMP • US5590801065

Current stock price

69 USD
+0.46 (+0.67%)
At close:
69.01 USD
+0.01 (+0.01%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for MAGELLAN MIDSTREAM PARTNERS (MMP).

Forecast Snapshot

Consensus Price Target

Price Target
$65.85
-4.57% Downside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Oct 25, 2023
Period
Q3 / 2023
EPS Estimate
$1.25
Revenue Estimate
914.17M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
65.00%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$65.85
Upside
-4.57%
From current price of $69.00 to mean target of $65.85, Based on 16 analyst forecasts
Low
$56.56
Median
$67.32
High
$72.45

Price Target Revisions

1 Month
0.16%
3 Months
2.39%

Price Target Summary

16 Wall Street analysts provided a forecast for the next 12 months for MMP. The average price target is 65.85 USD. This implies a price decrease of -4.57% is expected in the next year compared to the current price of 69.
The average price target has been revised upward by 2.39% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

MMP Current Analyst RatingMMP Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8

Analyst Ratings History

MMP Historical Analyst RatingsMMP Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20

Analyst Ratings Consensus

ChartMill Buy Consensus
65.00%
MMP was analyzed by 16 analysts. The buy percentage consensus is at 65. So analysts seem to be rather neutral about MMP.
In the previous month the buy percentage consensus was at a similar level.
MMP was analyzed by 16 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2023-08-16Argus ResearchDowngrade Hold -> Sell
2023-07-06CitigroupReiterate Neutral -> Neutral
2023-05-18StifelDowngrade Buy -> Hold
2023-05-17RBC CapitalDowngrade Outperform -> Sector Perform
2023-05-17CitigroupDowngrade Buy -> Neutral
2023-05-15MizuhoMaintains Neutral -> Neutral
2023-05-08Wells FargoMaintains Equal-Weight
2023-04-21RBC CapitalDowngrade Outperform -> Market Perform
2023-04-21Raymond JamesDowngrade Outperform -> Market Perform
2023-04-18BarclaysMaintains Overweight
2023-03-15RBC CapitalReiterate Outperform
2023-02-07Wells FargoMaintains Equal-Weight
2023-02-07CitigroupMaintains Buy
2023-02-03Raymond JamesMaintains Outperform
2023-01-18BarclaysUpgrade Equal-Weight -> Overweight
2023-01-09Morgan StanleyMaintains Underweight
2022-12-16Wells FargoDowngrade Overweight -> Equal-Weight
2022-12-09CitigroupInitiate Buy
2022-11-16Wolfe ResearchDowngrade Peer Perform -> Underperform
2022-11-01RBC CapitalMaintains Outperform
2022-10-31BarclaysMaintains Equal-Weight
2022-10-28MizuhoMaintains Neutral
2022-10-28Raymond JamesMaintains Outperform
2022-10-13BarclaysMaintains Equal-Weight
2022-08-03RBC CapitalMaintains Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
Oct 25, 2023
Period
Q3 / 2023
EPS Estimate
$1.25
Revenue Estimate
914.17M
Revenue Q2Q
4.35%
EPS Q2Q
-21.50%
Number of Analysts
10

Next Earnings Revisions

Revenue (1 Month)
3.22%
Revenue (3 Months)
1.21%
EPS (1 Month)
1.08%
EPS (3 Months)
-0.61%

Next Earnings Summary

MMP is expected to report earnings on 10/25/2023. The consensus EPS estimate for the next earnings is 1.25 USD and the consensus revenue estimate is 914.17M USD.
The next earnings revenue estimate has been revised upward by 1.21% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2023 - 2028

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2020 2021 2022 2023 2024 2025 2026 2027 2028
Revenue
YoY % growth
MMP revenue by date.MMP revenue by date.
2.428B
-11.00%		2.733B
12.58%		3.2B
17.10%		3.554B
11.05%		3.612B
1.63%		3.704B
2.55%		3.745B
1.11%		3.869B
3.31%		N/A
EBITDA
YoY % growth
MMP ebitda by date.MMP ebitda by date.
1.139B
-11.88%		1.18B
3.55%		1.254B
6.24%		1.556B
24.13%		1.593B
2.38%		1.608B
0.94%		1.649B
2.55%		1.693B
2.67%		1.69B
-0.18%
EBIT
YoY % growth
MMP ebit by date.MMP ebit by date.
880.7M
-15.88%		952M
8.10%		960.7M
0.91%		1.197B
24.60%		1.241B
3.68%		1.282B
3.30%		1.371B
6.94%		1.413B
3.06%		N/A
Operating Margin
MMP operating margin by date.MMP operating margin by date.
36.28%34.83%30.02%33.68%34.36%34.61%36.61%36.52%N/A
EPS
YoY % growth
MMP eps by date.MMP eps by date.
3.61
-19.06%		4.47
23.82%		4.95
10.74%		5.19
4.81%		5.34
2.85%		5.46
2.34%		5.80
6.17%		6.19
6.79%		6.59
6.36%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q3 / 23 Q4 / 23 Q1 / 24 Q2 / 24 Q3 / 24 Q4 / 24
EPS
Q2Q % growth		1.25
-21.50%		1.40
54.14%		1.33
-0.83%		1.27
7.46%		1.30
4.39%		1.48
5.85%
Revenue
Q2Q % growth		914.17M
4.35%		910.26M
5.72%		880.26M
1.21%		896.42M
2.19%		924.44M
1.12%		968.93M
6.45%
EBITDA
Q2Q % growth		387.62M
-26.73%		422.57M
-15.62%		393.37M
8.76%		391.87M
-0.21%		391.16M
0.91%		429.35M
1.60%
EBIT
Q2Q % growth		312.98M
-11.74%		330.89M
59.08%		340.73M
11.60%		306.63M
9.86%		337.32M
7.78%		349.6M
5.65%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

MMP Yearly Revenue VS EstimatesMMP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B
MMP Yearly EPS VS EstimatesMMP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
3.33%
EPS Next 5 Year
4.58%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
5.56%
Revenue Next 5 Year
4.20%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
12.31%
EBIT Next 5 Year
8.33%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

MAGELLAN MIDSTREAM PARTNERS / MMP Forecast FAQ

Can you provide the average price target for MAGELLAN MIDSTREAM PARTNERS stock?

16 analysts have analysed MMP and the average price target is 65.85 USD. This implies a price decrease of -4.57% is expected in the next year compared to the current price of 69.

When does MAGELLAN MIDSTREAM PARTNERS (MMP) report earnings?

MAGELLAN MIDSTREAM PARTNERS (MMP) will report earnings on 2023-10-25, before the market open.

Can you provide the consensus estimates for MAGELLAN MIDSTREAM PARTNERS next earnings?

The consensus EPS estimate for the next earnings of MAGELLAN MIDSTREAM PARTNERS (MMP) is 1.25 USD and the consensus revenue estimate is 914.17M USD.

What is the number of analysts for MMP stock?

The number of analysts covering MAGELLAN MIDSTREAM PARTNERS (MMP) is 16.