MPLX LP [MPLX] stock is trading at $53.36, up 3.21%. An important factor to consider is whether the stock is rising or falling in short-term value. The MPLX shares have gain 2.85% over the last week, with a monthly amount glided 12.38%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On March 14, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $41 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $36 on January 09, 2023. Citigroup initiated its recommendation with a Neutral and recommended $33.50 as its price target on December 09, 2022. BofA Securities downgraded its rating to Underperform for this stock on September 29, 2022, but kept the price target unchanged to $34.
MPLX LP [MPLX] stock has fluctuated between $37.04 and $53.15 over the past year. Currently, Wall Street analysts expect the stock to reach $48.67 within the next 12 months. MPLX LP [NYSE: MPLX] shares were valued at $53.36 at the most recent close of the market. An investor can expect a potential drop of -8.79% based on the average MPLX price forecast.
Analyzing the MPLX fundamentals
MPLX LP [NYSE:MPLX] reported sales of 11.06B for the trailing twelve months, which represents a growth of 2.54%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.4%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.32 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 52.28 points at the first support level, and at 51.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.99, and for the 2nd resistance point, it is at 54.63.
Ratios To Look Out For
For context, MPLX LP’s Current Ratio is 0.99. On the other hand, the Quick Ratio is 0.95, and the Cash Ratio is 0.57. Considering the valuation of this stock, the price to sales ratio is 4.92, the price to book ratio is 4.01 and price to earnings (TTM) ratio is 12.57.
Transactions by insiders
Recent insider trading involved HAGEDORN CARL KRISTOPHER, Exec VP & Chief Fin Ofc, that happened on Nov 18 ’24 when 4000.0 shares were sold. Officer, HAGEDORN CARL KRISTOPHER completed a deal on Nov 18 ’24 to buy 4000.0 shares.
