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.

Several price targets were given for MGP by the analysts covering the stock. The highest price target was 33, which equates to a potential upside of 11.52 percent. The most pessimistic price target was 27, which equates to a potential downside of -8.75 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -3.17 percent. 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. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -3.19 percent.

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. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 1 analysts that revised their FY estimates downwards.

MGP has an estimated earnings growth rate of 177.81 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of MGP is 0.23.

In the trailing 52-weeks, MGP hit 29.99 at the highest peak, while it's lowest trading point was 23.63. The current market price is above the trailing year's low by 25.22 percent, 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.