Are Magellan Midstream Partners, L.P. (MMP) And Floor & Decor Holdings, Inc. (FND) Great For Technical Traders?

11 analysts out of 22 Wall Street brokerage firms rate Magellan Midstream Partners, L.P. (NYSE:MMP) as a Buy, while 1 see it as a Sell. The rest 10 describe it as a Hold. MMP stock traded higher to an intra-day high of $64.36. At one point in session, its potential discontinued and the price was down to lows at $63.355. Analysts have set MMP’s consensus price at $68.42, effectively giving it a 7.78% projection on returns. Should the projected estimates be met, then the stock will likely hit its highest price at $76 (up 19.72% from current price levels). MMP has a 53.4% ROE, higher than the 11.87% average for the industry. The average ROE for the sector is 16.3%.

It is expected that in Jun 2019 quarter MMP will have an EPS of $1.06, suggesting a 0.95% growth. For Sep 2019 is projected at $1.06. It means that there could be a -3.64% growth in the quarter. Yearly earnings are expected to rise by -3.76% to about $4.09. As for the coming year, growth will be about 10.02%, lifting earnings to $4.5. RSI after the last trading period was 58.68. MMP recorded a change of 0.62% over the past week and returned 5.45% over the last three months while the MMP stock’s monthly performance revealed a shift in price of 5%. The year to date (YTD) performance stands at 11.25%, and the bi-yearly performance specified an activity trend of 6.99% while the shares have moved -10.3% for the past 12 months.

Magellan Midstream Partners, L.P. (MMP) currently trades at $63.48, which is higher by 0.68% its previous price. It has a total of 228.56 million outstanding shares, with an ATR of around 1.05. The company’s stock volume dropped to 1.05 million, worse than 784.63 thousands that represents its 50-day average. A 5-day increase of about 0.62% in its price means MMP is now 11.25% higher on year-to-date. The shares have surrendered $43397.52 since its $72.90 52-week high price recorded on 10th of August 2018. Overall, it has seen a growth rate of -10.3 over the last 12 months. The current price per share is $9.23 above the 52 week low of $54.25 set on 27th of December 2018.

Magellan Midstream Partners, L.P. (NYSE:MMP)’s EPS was $0.91 as reported for the March quarter. In comparison, the same quarter a year ago had an EPS of $0.99. That means that its growth in general now stands at -8%. Therefore, a prediction of $0.99 given by the analysts brought a negative surprise of -8%. MMP March quarter revenue was $628.93 million, compared to $678.78 million recorded in same quarter last year, giving it a -7% growth rate. The company’s $-49.85 million revenue decline that quarter surprised Wall Street and investors will need to consider this as they assess the stock.

Floor & Decor Holdings, Inc. (NYSE:FND) shares appreciated 0.69% over the last trading period, taking overall 5-day performance up to 3.67%. FND’s price now at $38.17 is weaker than the 50-day average of $42.07. Getting the trading period increased to 200 days, the stock price was seen at $35.05 on average. The general public currently hold control of a total of 85.85 million shares, which is the number publicly available for trading. The total of shares that it has issued to investors is 98.62 million. The company’s management holds a total of 0.3%, while institutional investors hold about 0% of the remaining shares. FND share price finished last trade 0.53% above its 20 day simple moving average and its upbeat gap from 200 day simple moving average is 8.92%, while closing the session with -9.4% distance from 50 day simple moving average.

Floor & Decor Holdings, Inc. (FND) shares were last observed trading -31.67% down since June 15, 2018 when the peak of $55.86 was hit. Last month’s price growth of -6.95% puts FND performance for the year now at 47.37%. Consequently, the shares price is trending higher by 63.85%, a 52-week worst price since Dec. 24, 2018. However, it is regaining value with 29.96% in the last 6 months. From a technical perspective, it appears more likely that the stock will experience a Bull Run market as a result of the strong support seen recently between $37.15 and $37.66. The immediate resistance area is now $38.48 Williams’s %R (14) for FND moved to 15.01 while the stochastic %K points at 61.21.

FND’s beta is 0; meaning investors could reap lower returns, although it also poses lower risks. The company allocated $1.09 per share from its yearly profit to its outstanding shares. Its last reported revenue is $477.05 million, which was 18% versus $402.95 million in the corresponding quarter last year. The EPS for Mar 19 quarter came in at $0.29 compared to $0.26 in the year-ago quarter and had represented 12% year-over-year earnings per share growth. FND’s ROA is 8.6%, lower than the 19.49% industry average. Although a more robust percentage would be better, consideration is given to how well peers within the industry performed. Companies within the sector had an ROA of 7.03%.

Estimated quarterly earnings for Floor & Decor Holdings, Inc. (NYSE:FND) are around $0.3 per share in three months through June with $0.29 also the estimate for September quarter of the fiscal year. It means the growth is estimated at 11.11% and 20.83%, respectively. Analysts estimate full-year growth to be 13.4%, the target being $1.1 a share. The upcoming year will see an increase in growth by percentage to 24.55%, more likely to see it hit the $1.37 per share. The firm’s current profit margin over the past 12 months is 6.4%. FND ranks lower in comparison to an average of 13.1% for industry peers; while the average for the sector is 9.12%.