MGP Ingredients, Inc. (MGPI)
NASDAQ: MGPI · IEX Real-Time Price · USD
79.18
+1.28 (1.64%)
Apr 25, 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 118.33, with a low estimate of 95 and a high estimate of 140. The average target predicts an increase of 49.44% from the current stock price of 79.18.
Analyst Consensus: Strong Buy
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 2 |
| Buy | 2 | 2 | 2 | 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 | 3 | 3 | 2 | 2 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Roth MKM | Roth MKM | Strong Buy Maintains $100 → $95 | Strong Buy | Maintains | $100 → $95 | +19.98% | Apr 25, 2024 |
| Wedbush | Wedbush | Buy Reiterates $120 | Buy | Reiterates | $120 | +51.55% | Apr 10, 2024 |
| Wedbush | Wedbush | Buy Reiterates $120 | Buy | Reiterates | $120 | +51.55% | Mar 22, 2024 |
| Wedbush | Wedbush | Buy Reiterates $135 | Buy | Reiterates | $135 | +70.50% | Feb 15, 2024 |
| Truist Securities | Truist Securities | Strong Buy Reiterates $140 | Strong Buy | Reiterates | $140 | +76.81% | Sep 6, 2023 |
Financial Forecast
Revenue This Year
769.71M
from 836.52M
Decreased by -7.99%
Revenue Next Year
810.87M
from 769.71M
Increased by 5.35%
EPS This Year
6.28
from 4.80
Increased by 30.90%
EPS Next Year
7.01
from 6.28
Increased by 11.50%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 800.0M | 851.4M |
| Avg | 769.7M | 810.9M |
| Low | 735.0M | 768.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | -4.4% | 10.6% |
| Avg | -8.0% | 5.3% |
| Low | -12.1% | -0.2% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 6.52 | 7.84 |
| Avg | 6.28 | 7.01 |
| Low | 5.99 | 6.47 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 35.8% | 24.8% |
| Avg | 30.9% | 11.5% |
| Low | 24.7% | 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.