MGP Ingredients, Inc. (MGPI)
NASDAQ: MGPI · Real-Time Price · USD
46.47
+0.95 (2.09%)
At close: Nov 4, 2024, 4:00 PM
46.50
+0.03 (0.06%)
After-hours: Nov 4, 2024, 7:01 PM EST
MGP Ingredients Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for MGP Ingredients stock have an average target of 83.75, with a low estimate of 65 and a high estimate of 120. The average target predicts an increase of 80.22% from the current stock price of 46.47.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for MGPI stock from 4 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Roth MKM | Roth MKM | Strong Buy Maintains $69 → $65 | Strong Buy | Maintains | $69 → $65 | +39.88% | Nov 4, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $85 → $75 | Strong Buy | Maintains | $85 → $75 | +61.39% | Nov 1, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $95 → $85 | Strong Buy | Maintains | $95 → $85 | +82.91% | Oct 22, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $92 → $88 | Strong Buy | Maintains | $92 → $88 | +89.37% | Oct 18, 2024 |
| Lake Street | Lake Street | Strong Buy → Hold Downgrades $75 | Strong Buy → Hold | Downgrades | $75 | +61.39% | Oct 18, 2024 |
Financial Forecast
Revenue This Year
713.24M
from 836.52M
Decreased by -14.74%
Revenue Next Year
715.90M
from 713.24M
Increased by 0.37%
EPS This Year
5.68
from 4.80
Increased by 18.33%
EPS Next Year
5.70
from 5.68
Increased by 0.36%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 738.5M | 773.8M | 851.2M |
| Avg | 713.2M | 715.9M | 780.5M |
| Low | 681.1M | 661.4M | 689.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -11.7% | 8.5% | 18.9% |
| Avg | -14.7% | 0.4% | 9.0% |
| Low | -18.6% | -7.3% | -3.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.88 | 6.66 | 7.34 |
| Avg | 5.68 | 5.70 | 6.49 |
| Low | 5.42 | 4.77 | 5.54 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 22.5% | 17.2% | 28.8% |
| Avg | 18.3% | 0.4% | 13.9% |
| Low | 12.9% | -16.0% | -2.9% |
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.