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A statement released earlier today by Zacks Investment Research about Magellan Midstream Partners, L.P. (NYSE:MMP) bumps the target price to $78.00

Reporting a potential upside of 0.12%, Zacks Investment Research upped the price target of Magellan Midstream Partners, L.P. (NYSE:MMP) to $78.00

On Friday September 30, 2016, Mizuho Securities released a statement about Magellan Midstream Partners, L.P. (NYSE:MMP) upped the target price from $0.00 to $73.00 that suggested an upside of 0.04%.

Having a price of $69.72, Magellan Midstream Partners, L.P. (NYSE:MMP) traded -0.04% lower on the day. With the last stock price down -1.77% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. MMP has recorded a 50-day average of $69.97 and a two hundred day average of $70.95. Trade Volume was down over the average, with 163,072 shares of MMP changing hands under the typical 603,318

Recent Performance Chart

Magellan Midstream Partners, L.P. (NYSE:MMP)

Magellan Midstream Partners, L.P. has PE ratio of 18.68 with a one year low of $54.51 and a one year high of $77.45 and has a market capitalization of $0.

A total of 16 brokerages have issued a ratings update on Magellan Midstream Partners, L.P.. Eight brokerages rating the company a strong buy, four brokerages rating the company a buy, five brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $76.63.

General Company Details For Magellan Midstream Partners, L.P. (NYSE:MMP)

Magellan Midstream Partners, L.P. is engaged in the transportation, storage and distribution of refined petroleum products and crude oil. The Company's business segments include Refined Products, Crude Oil and Marine Storage. The Company's asset portfolio, including the assets of its joint ventures, consist of the Company's refined products segment, including over 9,500 mile refined products pipeline system with approximately 50 terminals, as well as over 30 independent terminals not connected to the its pipeline system and its approximately 1,100-mile ammonia pipeline system; its crude oil segment, including approximately 1,700 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of over 20 million barrels, of which approximately 14 million is used for leased storage, and its marine storage segment, consisting of over five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 30 million barrels.

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