Analyst Ratings for MGP Ingredients Inc. (MGPI)

Updated: 2017-07-28

Shares of MGP Ingredients Inc. (NASDAQ:MGPI) have received a consensus rating of Overweight from Wall Street analysts. MGPI had previously received a consensus rating of Overweight a month ago.

Of the 3 analysts covering the stock, 2 gave it a buy rating, 0 gave an overweight rating, 1 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

A number of analysts gave price targets for MGPI. The most optimistic price target was 70, implying a possible profit of 19.88 percent. The lowest price target was 58, implying potential capital losses of -0.67 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -1.22 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -6.98 percent. Meanwhile, fiscal year estimates have been revised upwards by 2.82 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 3.14 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 1 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts made negative revisions to their fiscal year's estimates.

MGPI has an estimated earnings growth rate of -10.41 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. MGPI has a PEG ratio of -2.95.

MGPI has a 52-week high of 60.62 and a 52-week low of 31.93. Today's price is 82.87 percent above the 52-week low, and 3.68 percent lower than its 52-week high. MGPI has a price/earnings ratio of 30.74. Investors typically compare the P/E ratio to a company's peers in the industry. The MGPI value stock report compares MGPI to some of its peers using value stock charts. The stock has a market capitalization of $0.98338 billion. MGPI is estimated to release their earnings results for the quarter on 0000-00-00, days from today.