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MGP Ingredients (MGPI) Stock Forecast, Price Target & Predictions

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MGPI Stock Forecast

MGP Ingredients (MGPI) stock forecast, based on 3 Wall Street analysts, predicts a 12-month average price target of $80.00, with a high of $85.00 and a low of $75.00. This represents a 123.34% increase from the last price of $35.82.

$35 $48 $61 $74 $87 $100 High: $85 Avg: $80 Low: $75 Last Closed Price: $35.82

MGPI Stock Rating

MGP Ingredients stock's rating consensus is Buy, based on 3 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 2 Buy (66.67%), 1 Hold (33.33%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 3 1 2 0 Strong Sell Sell Hold Buy Strong Buy

MGPI Forecast vs Benchmarks

TypeNameUpside
StockMGP Ingredients123.34%
SectorConsumer Defensive Stocks 12.48%
IndustryBeverages - Wineries & Distilleries Stocks 38.82%

Price Target Trends

1M3M12M
# Anlaysts--5
Avg Price Target--$102.00
Last Closing Price$35.82$35.82$35.82
Upside/Downside--184.76%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25132--6
Dec, 24132--6
Nov, 24142--7
Oct, 24161--8
Sep, 24161--8
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 22, 2024Bill ChappellTruist Financial$85.00$58.6644.90%137.30%
Oct 18, 2024Ben KlieveLoop Capital Markets$75.00$60.1724.65%109.38%
Oct 16, 2024Bill ChappellTruist Financial$95.00$80.8717.47%165.21%
Jul 08, 2024Ben KlieveLoop Capital Markets$135.00$73.0584.80%276.88%
Jul 01, 2024MGP IngredientsWedbush$120.00$74.4061.29%235.01%
Aug 07, 2023Bill ChappellTruist Financial$140.00$122.5014.29%290.84%
Jul 31, 2023Bill ChappellTruist Financial$125.00$113.959.70%248.97%
Feb 02, 2023Wells Fargo$118.00$97.8720.57%229.42%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Oct 18, 2024Lake StreetBuyHolddowngrade
Jul 08, 2024Lake StreetBuyBuyhold
Apr 02, 2024WedbushBuyBuyhold
Feb 02, 2023Wells FargoOverweightOverweighthold
Oct 10, 2022WedbushOutperforminitialise
Feb 22, 2022Lake StreetBuyinitialise

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$2.37$4.37$4.94$4.82----
Avg Forecast$2.33$3.93$4.75$5.59$5.58$3.47$4.31$4.21
High Forecast$2.30$3.89$4.72$5.55$5.56$3.05$4.28$4.18
Low Forecast$2.36$3.99$4.81$5.64$5.62$3.90$4.38$4.27
Surprise %1.72%11.20%4.00%-13.77%----

Revenue Forecast

$350M $450M $550M $650M $750M $850M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$395.52M$626.72M$782.36M$836.52M----
Avg Forecast$394.99M$613.52M$775.86M$827.08M$699.74M$593.01M$605.17M$627.93M
High Forecast$391.87M$608.67M$772.17M$822.93M$698.89M$592.88M$605.17M$627.93M
Low Forecast$399.15M$619.97M$782.39M$834.01M$700.58M$593.15M$605.17M$627.93M
Surprise %0.13%2.15%0.84%1.14%----

Net Income Forecast

$0 $30M $60M $90M $120M $150M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$40.34M$91.31M$109.46M$107.47M----
Avg Forecast$32.33M$71.02M$93.38M$106.40M$123.92M$72.10M$96.00M$93.73M
High Forecast$25.86M$56.82M$74.70M$85.12M$123.25M$67.59M$94.94M$92.70M
Low Forecast$38.79M$85.23M$112.05M$127.68M$124.58M$86.52M$97.06M$94.77M
Surprise %24.80%28.56%17.23%1.01%----

MGPI Forecast FAQ

Is MGP Ingredients stock a buy?

MGP Ingredients stock has a consensus rating of Buy, based on 3 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 2 Buy, 1 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that MGP Ingredients is a favorable investment for most analysts.

What is MGP Ingredients's price target?

MGP Ingredients's price target, set by 3 Wall Street analysts, averages $80 over the next 12 months. The price target range spans from $75 at the low end to $85 at the high end, suggesting a potential 123.34% change from the previous close price of $35.82.

How does MGP Ingredients stock forecast compare to the average forecast of its sector, industry, and investment themes?

MGP Ingredients stock forecast shows a 123.34% upside, outperforming the average forecast for the consumer defensive stocks sector (12.48%) and outperforming the beverages - wineries & distilleries stocks industry (38.82%).

What is the breakdown of analyst ratings for MGP Ingredients over the past three months?

  • January 2025: 16.67% Strong Buy, 50.00% Buy, 33.33% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 16.67% Strong Buy, 50.00% Buy, 33.33% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 14.29% Strong Buy, 57.14% Buy, 28.57% Hold, 0% Sell, 0% Strong Sell.

What is MGP Ingredients’s EPS forecast?

MGP Ingredients's average annual EPS forecast for its fiscal year ending in December is 5.58 for 2024, a 15.77% increase from the reported $4.82 in 2023. The prediction for 2025 is $3.47, $4.31 for 2026, and $4.21 for 2027.

What is MGP Ingredients’s revenue forecast?

MGP Ingredients's average annual revenue forecast for its fiscal year ending in December is $699.74M for 2024, a -16.35% decrease from the reported $836.52M in 2023. The forecast for 2025 is $593.01M, $605.17M for 2026, and $627.93M for 2027.

What is MGP Ingredients’s net income forecast?

For its fiscal year ending in December, MGP Ingredients's average annual net income forecast is $123.92M for 2024, reflecting an 15.30% increase from the reported $107.48M in 2023. The projection for 2025 is $72.1M, $96M for 2026, and $93.73M for 2027.