Expert Ratings for Magellan Midstream
Magellan Midstream (NYSE:MMP) has observed the following analyst ratings within the last quarter:
Raymond James Maintains Outperform on Magellan Midstream, Raises Price Target to $55
Raymond James analyst Justin Jenkins maintains Magellan Midstream (NYSE:MMP) with a Outperform and raises the price target from $54 to $55.
Earnings Scheduled For October 27, 2022
Companies Reporting Before The Bell
• Janus Henderson Gr (NYSE:JHG) is expected to report quarterly earnings at $0.48 per share on revenue of $494.27 million.
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Magellan Midstream Earnings Perspective: Return On Capital Employed
According to Benzinga Pro, during Q2, Magellan Midstream (NYSE:MMP) earned $353.90 million, a 113.84% increase from the preceding quarter. Magellan Midstream also posted a total of $788.60 million in sales, a 16.88% increase since Q1.
RBC Capital Maintains Outperform on Magellan Midstream, Raises Price Target to $58
RBC Capital analyst Elvira Scotto maintains Magellan Midstream (NYSE:MMP) with a Outperform and raises the price target from $56 to $58.
Nervous About Interest Rate Hikes? These 3 Under-the-Radar, Tax-Advantaged Securities Offer Yield Up to 14%+
For 14 years, the federal funds rate has hovered around zero. The Federal Reserve or “Fed” maintained these low rates to stimulate the economy during two steep market downturns: the 2008 Great Recession and the 2020 COVID-19 pandemic sell-off.
What 7 Analyst Ratings Have To Say About Magellan Midstream
Over the past 3 months, 7 analysts have published their opinion on Magellan Midstream (NYSE:MMP) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
Wells Fargo Evaluates 4 Energy Stocks: 2 Upgrades And 2 Downgrades
The inflationary environment is a “net positive” for midstream performance and midstream companies, which are likely to benefit from continued strong demand, tight supplies, higher pricing, wider margins, and growing volumes, according to Wells Fargo.
Magellan Midstream Partners