Murphy USA Inc (Symbol: MUSA) recently achieved a significant milestone as its shares traded above the average analyst 12-month target price of $497.50, reaching $500.41 per share. When a stock hits an analyst’s target, several options arise: analysts may choose to downgrade based on valuation or raise their target price. Their responses will often hinge on the business fundamentals driving the stock’s rise.
Within the Zacks coverage universe, six analysts contribute to the target estimates for Murphy USA Inc. However, averages can be misleading due to variance; for instance, one analyst ranked the stock with a target as low as $315.00, while another’s forecast is as optimistic as $590.00. The standard deviation among these targets is $103.67, indicating significant disparity in assessments.
Analyzing the average price target fosters a “wisdom of crowds” approach, pooling insights from various experts rather than relying solely on a single opinion. Since MUSA has surpassed this target price of $497.50, investors are prompted to evaluate the stock further. They must consider whether this mark is merely a waypoint toward higher goals or if the valuation has peaked, at which point it might be prudent to secure some profits. Below is a breakdown of the current analyst sentiments towards Murphy USA Inc:
| Recent MUSA Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 2 | 2 | 2 | 2 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 1 | 1 | 1 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 2 | 2 | 2 | 2 |
| Average rating: | 2.83 | 2.83 | 2.83 | 2.83 |
The average rating in the table is based on a scale of 1 to 5, where 1 is a Strong Buy and 5 is a Strong Sell. Data for this article was provided by Zacks Investment Research via Quandl.com. For further insights, check the latest Zacks research report on MUSA — it’s available at no cost.
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The views and opinions expressed herein belong to the author and do not necessarily reflect those of Nasdaq, Inc.
