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 maximum price target given was 70, which equates to a potential upside of 19.88 percent. The most pessimistic analyst gave a price target of 58, implying potential capital losses of -0.67 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -1.22 percent. The average change in earnings estimates over the last 90 days 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.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts made negative revisions. 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. Investors like to see smaller values for the PEG ratio, 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, but many choose to perform ratio comparisons with other companies in the industry. 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. The current market price is above the trailing year's low by 82.87 percent, and 3.68 percent below the high. MGPI has a P/E 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.