Analyst Ratings for MGM Growth Properties LLC (MGP)

Updated: 2017-07-28

MGM Growth Properties LLC (NYSE:MGP) was awarded an average rating of Overweight from investment analysts following the stock. A consensus rating of Overweight was previously issued for MGP last month.

A buy rating was issued by 7 analysts, 0 issued an overweight rating, 4 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Many analysts weighed in on price targets for MGP. The most optimistic analyst gave a price target of 33, which equates to a potential upside of 11.52 percent. The most pessimistic analyst gave a price target of 27, implying potential capital losses of -8.75 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -3.17 percent. The average change in earnings estimates over the last 90 days is -3.17 percent. Meanwhile, fiscal year estimates have been revised downwards by -1.56 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -3.19 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 1 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts decreased their estimates.

MGP has an estimated earnings growth rate of 177.81 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of MGP is 0.23.

MGP has a 52-week high of 29.99 and a 52-week low of 23.63. The current market price is above the trailing year's low by 25.22 percent, and 1.33 percent lower than its 52-week high. MGP has a price/earnings ratio of 41.7. Investors typically compare the P/E ratio to a company's peers in the industry. The MGP value stock report compares MGP to some of its peers using value stock charts. The market cap of MGP is $1.71 billion. MGP's next earnings release will be on 0000-00-00, which is days away.