Brokerages Set Mplx Lp (MPLX) Target Price at $41.33

Mplx Lp (NYSE:MPLX) has earned an average rating of “Buy” from the sixteen analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $41.25.

MPLX has been the topic of several recent analyst reports. Guggenheim downgraded shares of Mplx from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research note on Monday, December 18th. Credit Suisse Group initiated coverage on shares of Mplx in a research note on Thursday, January 4th. They issued an “outperform” rating and a $43.00 target price on the stock. Bank of America initiated coverage on shares of Mplx in a research note on Tuesday, January 9th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded shares of Mplx from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, Barclays downgraded shares of Mplx from an “overweight” rating to an “equal weight” rating and set a $39.00 target price on the stock. in a research note on Wednesday, January 17th.

How to Become a New Pot Stock Millionaire

Shares of NYSE:MPLX traded down $0.73 on Wednesday, hitting $32.31. The stock had a trading volume of 1,039,236 shares, compared to its average volume of 2,312,393. Mplx has a twelve month low of $30.88 and a twelve month high of $39.38. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.38 and a current ratio of 0.43. The company has a market capitalization of $26,225.50, a PE ratio of 30.48, a P/E/G ratio of 3.05 and a beta of 1.26.

Mplx (NYSE:MPLX) last issued its earnings results on Thursday, February 1st. The pipeline company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.03). Mplx had a net margin of 17.90% and a return on equity of 6.98%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $937.04 million. During the same quarter in the prior year, the firm posted $0.17 EPS. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. analysts forecast that Mplx will post 1.93 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of MPLX. SWS Partners bought a new stake in Mplx during the 4th quarter worth about $149,000. Captrust Financial Advisors bought a new stake in Mplx during the 4th quarter worth about $179,000. Stuart Chaussee & Associates Inc. bought a new stake in Mplx during the 4th quarter worth about $195,000. Ameritas Investment Partners Inc. bought a new stake in Mplx during the 3rd quarter worth about $193,000. Finally, American Century Companies Inc. bought a new stake in Mplx during the 4th quarter worth about $204,000. Institutional investors and hedge funds own 31.82% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was posted by Ticker Report and is the property of of Ticker Report. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/3338689/brokerages-set-mplx-lp-mplx-target-price-at-41-33.html.

Mplx Company Profile

MPLX LP owns, operates, develops, and acquires midstream energy infrastructure assets. It operates in two segments, Logistics and Storage, and Gathering and Processing segments. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids (NGLs); and gathering, transportation, and storage of crude oil and refined petroleum products.

Analyst Recommendations for Mplx (NYSE:MPLX)

Receive News & Ratings for Mplx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mplx and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Decentralized Universal Basic Income Price Reaches $123.81 on Exchanges
Decentralized Universal Basic Income Price Reaches $123.81 on Exchanges
Quark Trading Up 30.6% Over Last 7 Days
Quark Trading Up 30.6% Over Last 7 Days
Electronic PK Chain  24-Hour Volume Hits $832,169.00
Electronic PK Chain 24-Hour Volume Hits $832,169.00
Berenberg Bank Initiates Coverage on Ironwood Pharmaceuticals
Berenberg Bank Initiates Coverage on Ironwood Pharmaceuticals
DRP Utility  Price Reaches $0.35
DRP Utility Price Reaches $0.35
GCN Coin  Price Down 4.7% Over Last Week
GCN Coin Price Down 4.7% Over Last Week


Leave a Reply

© 2006-2018 Ticker Report. Google+.