Marathon Petroleum (NYSE:MPC) Rating Reaffirmed
Marathon Petroleum (NYSE:MPC) just had their share rating of a ‘Buy’ issued by research analysts at Deutsche Bank, who now has a $66 target PPS on the $29.41B market cap company or a 17.56% upside potential. This key information was released in analysts report on Friday morning.
From a total of 15 analysts covering Marathon Petroleum Corp (NYSE:MPC) stock, 15 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 83% of the ratings are positive. The highest target price is $85 while the lowest target price is $58. The mean of all analyst targets is $68.27 with a 15.51% above today’s ($56.15) stock price. Marathon Petroleum Corp was the topic of 12 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. Oppenheimer maintained shares on November 25 with “Outperform” rating. JP Morgan upgraded MPC stock in a recent report from August 26 to “Overweight” rating. Finally, Bank of America downgraded the stock to “Neutral” rating in a report issued on an August 24.
Approximately 3.02M shares of stock traded hands. Marathon Petroleum Corp (NYSE:MPC) has declined 46.97% since May 1, 2015 and is downtrending. It has underperformed by 44.19% the S&P500.
Marathon Petroleum Corporation is engaged petroleum product refining, marketing, retail and transportation businesses. The company has a market cap of $29.41 billion.
According to Zacks Investment Research, “Marathon Petroleum Corporation is engaged in refining, transporting, and marketing of petroleum products. Marathon Petroleum Corporation is headquartered in Findlay, Ohio.” Get a free copy of the Zacks research report on Marathon Petroleum Corp (MPC).