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.
Investment analysts gave a few price targets for MEG. 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. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
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. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of -9.77 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
In the trailing 52-weeks, MEG hit 19.28 at the highest peak, while it's lowest trading point was 14.81. Currently the stock is 26.94 percent higher than its low, and below the high by 2.49 percent. 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's next earnings release will be on 0000-00-00, which is days away.