.jpg "Magellan Midstream (NYSE: MMP)")
In a report issued on July 12, Danilo Juvane from BMO Capital reiterated a Buy rating on Magellan Midstream (NYSE: MMP), with a price target of $85. The company’s shares closed yesterday at $68.19.
According to TipRanks.com, Juvane is a 4-star analyst with an average return of 12.2% and a 70.8% success rate. Juvane covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP Holdings LLC, Enterprise Products Partners LP, and Cheniere Energy Partners LP.
Magellan Midstream has an analyst consensus of Moderate Buy, with a price target consensus of $85.
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Magellan Midstream’s market cap is currently $15.56B and has a P/E ratio of 18.18. The company has a Price to Book ratio of 7.27.
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Magellan Midstream Partners LP engages in the transportation, storage and distribution of petroleum products, such crude oil. It operates through three segments: Refined Products, Crude Oil and Marine Storage. The Refined Products segment consists of common carrier refined products pipeline system, independent terminals, and its ammonia pipeline system.
