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 most optimistic analyst gave a price target of 70, implying potential capital gains of 19.88 percent. The most pessimistic analyst gave a price target of 58, implying a possible loss of -0.67 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

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. On the other hand, earnings estimates for the fiscal year have been revised upwards by 2.82 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 3.14 percent.

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, 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. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, 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.

In the trailing 52-weeks, MGPI hit 60.62 at the highest peak, while it's lowest trading point was 31.93. Currently the stock is 82.87 percent higher than its 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.