Analyst Ratings for Ingles Markets Inc. Cl A (IMKTA)

Updated: 2017-07-28

Shares of Ingles Markets Inc. Cl A (NASDAQ:IMKTA) have received a consensus rating of Buy from Wall Street analysts. IMKTA had previously received a consensus rating of Buy a month ago.

1 analysts declared IMKTA a buy, 0 issued an overweight rating, 0 issued a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. During this time, the number of analysts bearish on the stock has increased by 0.

Many analysts weighed in on price targets for IMKTA. The maximum price target given was , implying potential capital gains of -100 percent. The most pessimistic analyst gave a price target of , which equates to a potential downside of -100 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

The growth rate of IMKTA's earnings is estimated by analysts to be 2.64 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. IMKTA has a PEG ratio of 4.56.

In the trailing 52-weeks, IMKTA hit 52.40 at the highest peak, while it's lowest trading point was 28.42. The current market price is above the trailing year's low by 5.21 percent, and 42.94 percent below the high. IMKTA has a price/earnings ratio of 12.04. Investors typically compare the P/E ratio to a company's peers in the industry. The IMKTA value stock report compares IMKTA to some of its peers using value stock charts. The market cap of IMKTA is $0.58882 billion. IMKTA is estimated to release their earnings results for the quarter on 0000-00-00, days from today.