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 maximum price target given was 33, implying a possible profit of 11.52 percent. The most pessimistic analyst gave a price target of 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. 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 made positive revisions to their quarterly estimates over the past month, 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.

The growth rate of MGP's earnings is estimated by analysts to be 177.81 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, 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. 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 market cap of MGP is $1.71 billion. MGP will post this quarters earnings in days, on 0000-00-00.