MGP Ingredients, Inc. (MGPI)
NASDAQ: MGPI · Real-Time Price · USD
40.00
-1.80 (-4.31%)
Dec 20, 2024, 4:00 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 92.50% from the current stock price of 40.00.
Analyst Consensus: Buy
* Price targets were last updated on Nov 6, 2024.
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 1 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 4 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Strong Buy → Hold Downgrades $66 → $50 | Strong Buy → Hold | Downgrades | $66 → $50 | +25.00% | Nov 6, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $69 → $65 | Strong Buy | Maintains | $69 → $65 | +62.50% | Nov 4, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $85 → $75 | Strong Buy | Maintains | $85 → $75 | +87.50% | Nov 1, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $95 → $85 | Strong Buy | Maintains | $95 → $85 | +112.50% | Oct 22, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $92 → $88 | Strong Buy | Maintains | $92 → $88 | +120.00% | Oct 18, 2024 |
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
5.69
from 4.80
Increased by 18.54%
EPS Next Year
3.79
from 5.69
Decreased by -33.34%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -11.8% | -10.3% | 10.0% | |
| Avg | -14.7% | -14.5% | 2.9% | |
| Low | -18.2% | -19.3% | -4.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 5.89 | 4.20 | 4.92 | |
| Avg | 5.69 | 3.79 | 4.67 | |
| Low | 5.43 | 3.41 | 4.29 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 22.7% | -26.2% | 29.8% | |
| Avg | 18.5% | -33.3% | 23.1% | |
| Low | 13.1% | -40.1% | 13.2% |
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.