Economy

The Analysts Set Magellan Midstream Partners, LP (MMP) Price Target at $76.60

Artemis Investment Management Llp sold 4,388 shares as the company's stock declined 7.68% while stock markets rallied. The Pomelo Capital Llc holds 500,000 shares with $5.04 million value, up from 426,000 last quarter. Magellan Midstream Ptnrs now has $14.44 billion valuation. The stock increased 1.66% or $0.21 during the last trading session, reaching $12.89. About 255,599 shares traded. Canadian Solar Inc. (NASDAQ:CSIQ) has declined 25.32% since March 12, 2017 and is downtrending. It has underperformed by 13.15% the S&P500. (NASDAQ:CDZI). Odey Asset Management Limited reported 1.47% of its portfolio in Cadiz Inc. Therefore 32% are positive. GasLog had 35 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has "Market Perform" rating given on Wednesday, January 11 by Wells Fargo. The firm has "Neutral" rating given on Friday, September 25 by DA Davidson. As per Tuesday, August 23, the company rating was maintained by Jefferies. The rating was downgraded by Argus Research to "Hold" on Friday, December 9. On Friday, February 2 the stock rating was maintained by Stifel Nicolaus with "Hold". They issued a "buy" rating on the stock. The firm earned "Buy" rating on Saturday, August 8 by Raymond James.

Magellan Midstream Partners, L.P.is principally engaged in the transportation, storage and distribution of refined petroleum products and crude oil. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Therefore 52% are positive. Credit Suisse Group assumed coverage on shares of Magellan Midstream Partners in a research report on Thursday, January 4th. As per Wednesday, June 8, the company rating was maintained by Goldman Sachs. Cedar Hill Assoc Limited Liability Corp owns 0.05% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 3,990 shares. Morgan Stanley downgraded Magellan Midstream Partners, L.P. (NYSE:MMP) on Thursday, August 18 to "Underweight" rating. They set a "buy" rating and a $80.00 price target for the company. UBS maintained the stock with "Buy" rating in Friday, March 2 report. Moreover, Ballentine Prtnrs Lc has 0.12% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 29,454 shares. Stifel Nicolaus has "Hold" rating and $69.0 target. As per Tuesday, January 16, the company rating was maintained by RBC Capital Markets. Waddell Reed stated it has 0.04% in Magellan Midstream Partners, L.P. (NYSE:MMP). California Pub Employees Retirement Systems holds 0.05% or 1.01 million shares in its portfolio. MMP's profit will be $230.47 million for 15.67 P/E if the $1.01 EPS becomes a reality. After $1.04 actual earnings per share reported by Magellan Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts -2.88 % negative EPS growth.

Investors sentiment is 0.9 in 2017 Q3. Its up 0.19, from 1.06 in 2017Q2. It worsened, as 64 investors sold KMB shares while 404 reduced holdings. 245.40 million shares or 1.70% more from 241.30 million shares in 2017Q2 were reported. Assetmark holds 0% in Magellan Midstream Partners, L.P. (NYSE:MMP) or 100 shares. New York-based Blackrock has invested 0% in Cadiz Inc. Groesbeck Inv Mngmt Nj reported 5,746 shares. Baystate Wealth Management Ltd Liability Com has invested 0.01% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Stockholders of record on Tuesday, February 6th were issued a dividend of $0.92 per share. Eaton Vance owns 11,764 shares. Following the completion of the transaction, the chief executive officer now directly owns 196,473 shares in the company, valued at $13,360,164. Covington Advsrs holds 0.11% in Magellan Midstream Partners, L.P. (NYSE:MMP) or 4,000 shares. Atlantic Trust Group LLC now owns 3,149,302 shares of the pipeline company's stock worth $223,789,000 after acquiring an additional 953,808 shares during the period. As of December 31, 2016, its asset portfolio, including the assets of its joint ventures, consisted of its refined products segment, consisting 9,700-mile refined products pipeline system with 53 terminals, as well as 26 independent terminals not connected to its pipeline system and its 1,100-mile ammonia pipeline system; its crude oil segment, consisted of approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 26 million barrels, of which 16 million are used for contract storage, and its marine storage segment, consisted of five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels. Associated Banc has invested 0.05% in Magellan Midstream Partners, L.P. (NYSE:MMP). About 202,385 shares traded. D E Shaw & has 0% invested in Cadiz Inc. 19 funds opened positions while 30 raised stakes. (NASDAQ:CDZI). Peak6 Lp has invested 0% in Cadiz Inc. Advisor Ptnrs Limited Company reported 0.19% in Kimberly-Clark Corporation (NYSE:KMB). Prime Capital Investment Advisors LLC acquired a new position in Magellan Midstream Partners in the 4th quarter worth about $107,000. Johnson Counsel has 15,936 shares for 0.03% of their portfolio. Eagle Global Advisors Ltd Liability accumulated 2.05M shares. Finally, Bank of America assumed coverage on shares of Magellan Midstream Partners in a research report on Tuesday, January 9th. First Western Mngmt accumulated 7,201 shares. Farmers Merchants Invs accumulated 47,160 shares. Cannell invested 2.3% of its portfolio in Internap Corporation (NASDAQ:INAP). Bessemer Gru holds 38,410 shares or 0.01% of its portfolio.

Internap Corporation operates as a technology well-known provider of Internet infrastructure services. The company had revenue of $673.30 million during the quarter, compared to the consensus estimate of $690.18 million. The Data Center and Network Services segment offers colocation services, including physical space within data centers and related services, such as power, interconnection, environmental controls, monitoring, and security; and Internet protocol connectivity services comprising its patented Performance IP and content delivery network services, IP routing hardware and software platforms, and Managed Internet Route Optimizer controllers.



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