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.

A number of analysts gave price targets for IMKTA. The most optimistic analyst gave a price target of , which equates to a potential upside of -100 percent. The most pessimistic price target was , implying potential capital losses of -100 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 0 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. 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, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of IMKTA to grow at a rate of 2.64 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. IMKTA has a PEG ratio of 4.56.

In the last 52-weeks, IMKTA has achieved a high of 52.40 and a low of 28.42. The current market price is above the trailing year's low by 5.21 percent, and below the high by 42.94 percent. 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 stock has a market capitalization of $0.58882 billion. IMKTA's next earnings release will be on 0000-00-00, which is days away.