Analyst Ratings for Media General, Inc. (MEG)Updated: 2017-01-15
Media General, Inc. (NYSE:MEG) was awarded an average rating of Overweight from investment analysts following the stock. MEG had previously received a consensus rating of Overweight a month ago.
A buy rating was issued by 2 analysts, 0 gave an overweight rating, 2 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
MEG was given price targets by several analysts. The maximum price target given was 19, which equates to a potential upside of 1.06 percent. The most pessimistic analyst gave a price target of 18, implying potential capital losses of -4.26 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes -24.11 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -9.77 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
MEG has a 52-week high of 19.28 and a 52-week low of 14.81. Currently the stock is 26.94 percent higher than its low, and 2.49 percent below the high. MEG has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The MEG value stock report compares MEG to some of its peers using value stock charts. The market cap of MEG is $2.43 billion. MEG is estimated to release their earnings results for the quarter on 0000-00-00, days from today.