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 highest price target was 19, implying a possible profit of 1.06 percent. The minimum price target given was 18, implying potential capital losses of -4.26 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. 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.
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 0 analysts revised their estimates downwards. 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.
MEG has a 52-week high of 19.28 and a 52-week low of 14.81. The current market price is above the trailing year's low by 26.94 percent, and 2.49 percent below the high. MEG has a price/earnings 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 stock has a market capitalization of $2.43 billion. MEG's next earnings release will be on 0000-00-00, which is days away.