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.

MGPI was given price targets by several analysts. The maximum price target given was 70, implying potential capital gains 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. The average change in earnings estimates over the last 90 days is -6.98 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 2.82 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 3.14 percent.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 1 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.

Analysts estimate earnings of MGPI to grow at a rate of -10.41 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of MGPI is -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.