Equities research analysts at Credit Suisse Group started coverage on shares of Mplx (NYSE:MPLX) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set an “outperform” rating and a $45.00 price target on the pipeline company’s stock. Credit Suisse Group’s target price suggests a potential upside of 27.84% from the company’s previous close.

MPLX has been the subject of several other research reports. Goldman Sachs Group reiterated a “neutral” rating on shares of Mplx in a research note on Tuesday. Zacks Investment Research downgraded shares of Mplx from a “hold” rating to a “strong sell” rating in a research note on Thursday. ValuEngine downgraded shares of Mplx from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Jefferies Financial Group upgraded shares of Mplx from a “hold” rating to a “buy” rating in a research note on Wednesday, July 18th. Finally, Stifel Nicolaus increased their target price on shares of Mplx from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $40.69.

NYSE MPLX opened at $35.20 on Thursday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.61 and a quick ratio of 0.55. Mplx has a 1 year low of $31.60 and a 1 year high of $39.38. The firm has a market capitalization of $27.54 billion, a price-to-earnings ratio of 33.21, a P/E/G ratio of 2.50 and a beta of 1.39.

Mplx (NYSE:MPLX) last announced its earnings results on Thursday, July 26th. The pipeline company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). Mplx had a return on equity of 14.43% and a net margin of 24.22%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company posted $0.26 EPS. Mplx’s quarterly revenue was up 72.3% on a year-over-year basis. On average, sell-side analysts anticipate that Mplx will post 2.31 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Homrich & Berg raised its holdings in Mplx by 11.8% during the second quarter. Homrich & Berg now owns 13,214 shares of the pipeline company’s stock worth $451,000 after purchasing an additional 1,392 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Mplx by 4.2% during the first quarter. Commonwealth Equity Services LLC now owns 46,754 shares of the pipeline company’s stock worth $1,544,000 after purchasing an additional 1,874 shares in the last quarter. Private Capital Advisors Inc. raised its holdings in Mplx by 1.2% during the second quarter. Private Capital Advisors Inc. now owns 160,641 shares of the pipeline company’s stock worth $5,484,000 after purchasing an additional 1,886 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in Mplx by 0.4% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 476,539 shares of the pipeline company’s stock worth $16,269,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Keybank National Association OH raised its holdings in Mplx by 19.3% during the second quarter. Keybank National Association OH now owns 12,569 shares of the pipeline company’s stock worth $429,000 after purchasing an additional 2,035 shares in the last quarter. 31.21% of the stock is owned by hedge funds and other institutional investors.

About Mplx

MPLX LP is a fee-based, growth-oriented limited partnership company. It is engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of natural gas liquids; and the gathering, transportation and storage of crude oil and refined petroleum products.

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Analyst Recommendations for Mplx (NYSE:MPLX)

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