MGP Ingredients, Inc. (MGPI)
NASDAQ: MGPI · IEX Real-Time Price · USD
73.01
+0.04 (0.05%)
Jul 2, 2024, 4:00 PM EDT - Market closed
MGP Ingredients Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for MGP Ingredients stock have an average target of 117.33, with a low estimate of 92 and a high estimate of 140. The average target predicts an increase of 60.70% from the current stock price of 73.01.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 3, 2024.
Analyst Ratings
The average analyst rating for MGPI stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Buy | 2 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 2 | 2 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Roth MKM | Roth MKM | Strong Buy Maintains $95 → $92 | Strong Buy | Maintains | $95 → $92 | +26.01% | May 3, 2024 |
| Wedbush | Wedbush | Buy Reiterates $120 | Buy | Reiterates | $120 | +64.36% | Apr 29, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $100 → $95 | Strong Buy | Maintains | $100 → $95 | +30.12% | Apr 25, 2024 |
| Wedbush | Wedbush | Buy Reiterates $120 | Buy | Reiterates | $120 | +64.36% | Apr 10, 2024 |
| Wedbush | Wedbush | Buy Reiterates $120 | Buy | Reiterates | $120 | +64.36% | Mar 22, 2024 |
Financial Forecast
Revenue This Year
770.51M
from 836.52M
Decreased by -7.89%
Revenue Next Year
812.41M
from 770.51M
Increased by 5.44%
EPS This Year
6.30
from 4.80
Increased by 31.26%
EPS Next Year
7.00
from 6.30
Increased by 11.17%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 799.5M | 853.9M | 893.1M |
| Avg | 770.5M | 812.4M | 867.6M |
| Low | 737.6M | 769.4M | 833.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -4.4% | 10.8% | 9.9% |
| Avg | -7.9% | 5.4% | 6.8% |
| Low | -11.8% | -0.1% | 2.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.53 | 7.84 | 7.64 |
| Avg | 6.30 | 7.00 | 7.43 |
| Low | 6.00 | 6.54 | 7.13 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 36.1% | 24.5% | 9.1% |
| Avg | 31.3% | 11.2% | 6.0% |
| Low | 25.0% | 3.7% | 1.9% |
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.