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 highest price target was 33, implying potential capital gains of 11.52 percent. The minimum price target given was 27, which equates to a potential downside of -8.75 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Analysts have revised their earnings estimates downwards for this quarter, by about -3.17 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -3.17 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -1.56 percent, as compared to a month ago. 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 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, 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, because that is often interpreted as the company being fairly priced relative to its growth rate. 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 last 52-weeks, MGP has achieved a high of 29.99 and a low of 23.63. Today's price is 25.22 percent above the 52-week low, and 1.33 percent lower than its 52-week high. MGP has a P/E 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.