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.

A number of analysts gave 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 price target was 27, implying a possible loss of -8.75 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates downwards for this quarter, by about -3.17 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -3.17 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -1.56 percent. If we look at the last 90 days instead, we find a net average change of -3.19 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 1 analysts made negative revisions to their fiscal year's estimates.

The growth rate of MGP's earnings is estimated by analysts to be 177.81 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. 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. Currently the stock is 25.22 percent higher than its low, and below the high by 1.33 percent. 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 stock has a market capitalization of $1.71 billion. MGP will post this quarters earnings in days, on 0000-00-00.