MGP Ingredients, Inc. (MGPI)
NASDAQ: MGPI · Real-Time Price · USD
46.75
+0.13 (0.28%)
Nov 21, 2024, 3:54 PM EST - Market closed

MGP Ingredients Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for MGP Ingredients stock have an average target of 77, with a low estimate of 50 and a high estimate of 120. The average target predicts an increase of 64.71% from the current stock price of 46.75.

Analyst Consensus: Buy
Target Low Average Median High
Price $50 $77 $75 $120
Change +6.95% +64.71% +60.43% +156.68%

Analyst Ratings

The average analyst rating for MGPI stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 222222
Buy 111111
Hold 000012
Sell 000000
Strong Sell 000000
Total 333345

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
TD Cowen
TD Cowen
Hold
Downgrades
$66$50
Hold Downgrades $66$50 +6.95% Nov 6, 2024
Roth MKM
Roth MKM
Strong Buy
Maintains
$69$65
Strong Buy Maintains $69$65 +39.04% Nov 4, 2024
Truist Securities
Truist Securities
Strong Buy
Maintains
$85$75
Strong Buy Maintains $85$75 +60.43% Nov 1, 2024
Truist Securities
Truist Securities
Strong Buy
Maintains
$95$85
Strong Buy Maintains $95$85 +81.82% Oct 22, 2024
Roth MKM
Roth MKM
Strong Buy
Maintains
$92$88
Strong Buy Maintains $92$88 +88.24% Oct 18, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
713.73M
from 836.52M
Decreased by -14.68%
Revenue Next Year
609.98M
from 713.73M
Decreased by -14.54%
EPS This Year
5.70
from 4.80
Increased by 18.72%
EPS Next Year
4.20
from 5.70
Decreased by -26.28%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
362.75M395.52M626.72M782.36M836.52M713.73M609.98M627.95M
Revenue Growth
-3.55%9.04%58.45%24.83%6.92%-14.68%-14.54%2.95%
EPS
2.272.374.374.924.805.704.204.74
EPS Growth
4.46%4.47%84.65%12.59%-2.44%18.72%-26.28%12.75%
Forward PE
-----8.2011.139.87
No. Analysts -----885
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 737.6M 640.1M 671.2M
Avg 713.7M 610.0M 628.0M
Low 684.0M 575.7M 582.1M

Revenue Growth

Revenue Growth 202420252026
High
-11.8%
-10.3%
10.0%
Avg
-14.7%
-14.5%
2.9%
Low
-18.2%
-19.3%
-4.6%

EPS Forecast

EPS 202420252026
High 5.89 5.64 5.10
Avg 5.70 4.20 4.74
Low 5.43 3.46 4.29

EPS Growth

EPS Growth 202420252026
High
22.7%
-1.1%
21.5%
Avg
18.7%
-26.3%
12.7%
Low
13.1%
-39.3%
2.2%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.