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.

Several price targets were given for MGPI by the analysts covering the stock. The maximum price target given was 70, implying a possible profit of 19.88 percent. The lowest price target was 58, which equates to a potential downside of -0.67 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates downwards for this quarter, by about -1.22 percent on average, compared to last month. That number becomes -6.98 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 2.82 percent, as compared to a month ago. 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. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 2 analysts that revised their FY estimates downwards.

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. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. MGPI has a PEG ratio of -2.95.

In the last 52-weeks, MGPI has achieved a high of 60.62 and a low of 31.93. Today's price is 82.87 percent above the 52-week low, and below the high by 3.68 percent. 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's next earnings release will be on 0000-00-00, which is days away.