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 highest price target was 19, implying potential capital gains of 1.06 percent. The lowest price target 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -24.11 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -9.77 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
In the trailing 52-weeks, MEG hit 19.28 at the highest peak, while it's lowest trading point was 14.81. The current market price is above the trailing year's low by 26.94 percent, 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 stock has a market capitalization of $2.43 billion. MEG's next earnings release will be on 0000-00-00, which is days away.