MGP Ingredients (MGPI) Stock Forecast, Price Target & Predictions
MGPI Stock Forecast
MGP Ingredients stock forecast is as follows: an average price target of $99.50 (represents a 96.87% upside from MGPI’s last price of $50.54) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
MGPI Price Target
The average price target for MGP Ingredients (MGPI) is $99.50 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $120.00 to $75.00. This represents a potential 96.87% upside from MGPI's last price of $50.54.
MGPI Analyst Ratings
According to 3 Wall Street analysts, MGP Ingredients's rating consensus is 'Buy'. The analyst rating breakdown for MGPI stock is 0 'Strong Buy' (0.00%), 2 'Buy' (66.67%), 1 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
MGP Ingredients Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 22, 2024 | Bill Chappell | Truist Financial | $85.00 | $58.66 | 44.90% | 68.18% |
| Oct 18, 2024 | Ben Klieve | Loop Capital Markets | $75.00 | $60.17 | 24.65% | 48.40% |
| Oct 16, 2024 | Bill Chappell | Truist Financial | $95.00 | $80.86 | 17.48% | 87.97% |
| Jul 08, 2024 | Ben Klieve | Loop Capital Markets | $135.00 | $73.05 | 84.82% | 167.12% |
| Jul 01, 2024 | MGP Ingredients | Wedbush | $120.00 | $74.40 | 61.29% | 137.44% |
| Aug 07, 2023 | Bill Chappell | Truist Financial | $140.00 | $122.50 | 14.29% | 177.01% |
| Jul 31, 2023 | Bill Chappell | Truist Financial | $125.00 | $113.95 | 9.70% | 147.33% |
| Feb 02, 2023 | - | Wells Fargo | $118.00 | $97.87 | 20.57% | 133.48% |
The latest MGP Ingredients stock forecast, released on Oct 22, 2024 by Bill Chappell from Truist Financial, set a price target of $85.00, which represents a 44.90% increase from the stock price at the time of the forecast ($58.66), and a 68.18% increase from MGPI last price ($50.54).
MGP Ingredients Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 3 | 5 |
| Avg Price Target | $85.00 | $85.00 | $102.00 |
| Last Closing Price | $50.54 | $50.54 | $50.54 |
| Upside/Downside | 68.18% | 68.18% | 101.82% |
In the current month, the average price target of MGP Ingredients stock is $85.00, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 68.18% increase as opposed to MGP Ingredients's last price of $50.54. This month's average price target is down 0.00% compared to last quarter, and down -16.67% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 18, 2024 | Lake Street | Buy | Hold | Downgrade |
| Jul 08, 2024 | Lake Street | Buy | Buy | Hold |
| Apr 02, 2024 | Wedbush | Buy | Buy | Hold |
| Feb 02, 2023 | Wells Fargo | Overweight | Overweight | Hold |
| Oct 10, 2022 | Wedbush | - | Outperform | Initialise |
| Feb 22, 2022 | Lake Street | - | Buy | Initialise |
MGP Ingredients's last stock rating was published by Lake Street on Oct 18, 2024. The company Downgrade its MGPI rating from "Buy" to "Hold".
MGP Ingredients Financial Forecast
MGP Ingredients Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $349.80M | - | $201.01M | $191.00M | $201.15M | $194.98M | $195.24M | $166.85M | $176.61M | $174.94M | $108.32M | $100.92M | $102.96M | $92.56M | $99.08M | $92.46M | $90.69M |
| Avg Forecast | $171.72M | $153.92M | $160.20M | $140.61M | $161.11M | $147.67M | $152.91M | $137.96M | $177.17M | $161.55M | $189.06M | $170.31M | $205.39M | $209.14M | $205.30M | $194.43M | $183.82M | $190.81M | $173.06M | $173.60M | $153.27M | $147.95M | $128.82M | $100.73M | $100.47M | $95.91M | $93.42M | $87.77M | $91.34M | $99.54M |
| High Forecast | $177.97M | $159.52M | $166.03M | $145.73M | $166.97M | $153.04M | $158.47M | $146.18M | $177.45M | $167.43M | $189.06M | $170.31M | $212.26M | $213.63M | $212.77M | $201.50M | $190.51M | $190.81M | $173.06M | $173.60M | $153.27M | $147.95M | $128.82M | $100.73M | $100.47M | $95.91M | $93.42M | $87.77M | $91.34M | $99.54M |
| Low Forecast | $167.06M | $149.75M | $155.85M | $136.80M | $156.74M | $143.66M | $148.76M | $129.73M | $176.89M | $157.17M | $189.06M | $170.31M | $201.26M | $205.70M | $199.73M | $189.16M | $178.83M | $190.81M | $173.06M | $173.60M | $153.27M | $147.95M | $128.82M | $100.73M | $100.47M | $95.91M | $93.42M | $87.77M | $91.34M | $99.54M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 8 | 7 | 6 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.67% | - | 1.03% | 1.04% | 1.05% | 1.13% | 1.12% | 1.09% | 1.19% | 1.36% | 1.08% | 1.00% | 1.07% | 0.99% | 1.13% | 1.01% | 0.91% |
MGP Ingredients's average Quarter revenue forecast for Dec 23 based on 3 analysts is $205.39M, with a low forecast of $201.26M, and a high forecast of $212.26M. MGPI's average Quarter revenue forecast represents a -41.28% decrease compared to the company's last Quarter revenue of $349.80M (Sep 23).
MGP Ingredients EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 8 | 7 | 6 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $19.84M | - | $46.85M | $28.73M | $37.84M | $35.31M | $55.76M | $49.51M | $38.13M | $32.78M | $23.81M | $19.51M | $16.93M | $14.56M | $16.83M | $19.29M | $14.54M |
| Avg Forecast | $33.01M | $29.59M | $30.79M | $27.03M | $30.97M | $28.38M | $29.39M | $26.52M | $34.06M | $31.05M | $36.34M | $59.15M | $39.48M | $40.20M | $39.46M | $53.77M | $34.18M | $36.68M | $33.26M | $48.88M | $29.46M | $28.44M | $24.76M | $22.82M | $19.31M | $18.43M | $17.96M | $11.41M | $17.56M | $19.13M |
| High Forecast | $34.21M | $30.66M | $31.91M | $28.01M | $32.10M | $29.42M | $30.46M | $28.10M | $34.11M | $32.18M | $36.34M | $70.98M | $40.80M | $41.06M | $40.90M | $64.53M | $41.02M | $36.68M | $33.26M | $58.66M | $29.46M | $28.44M | $24.76M | $27.39M | $19.31M | $18.43M | $17.96M | $13.69M | $17.56M | $19.13M |
| Low Forecast | $32.11M | $28.78M | $29.96M | $26.29M | $30.13M | $27.61M | $28.59M | $24.94M | $34.00M | $30.21M | $36.34M | $47.32M | $38.69M | $39.54M | $38.39M | $43.02M | $27.35M | $36.68M | $33.26M | $39.11M | $29.46M | $28.44M | $24.76M | $18.26M | $19.31M | $18.43M | $17.96M | $9.13M | $17.56M | $19.13M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.49% | - | 0.87% | 0.84% | 1.03% | 1.06% | 1.14% | 1.68% | 1.34% | 1.32% | 1.04% | 1.01% | 0.92% | 0.81% | 1.48% | 1.10% | 0.76% |
3 analysts predict MGPI's average Quarter EBITDA for Dec 23 to be $39.48M, with a high of $40.80M and a low of $38.69M. This is 99.00% upper than MGP Ingredients's previous annual EBITDA (Sep 23) of $19.84M.
MGP Ingredients Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 8 | 7 | 6 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $13.21M | - | $31.07M | $22.66M | $23.81M | $25.56M | $37.44M | $31.66M | $23.88M | $20.14M | $15.43M | $11.63M | $10.38M | $8.49M | $9.84M | $12.95M | $8.21M |
| Avg Forecast | $31.23M | $25.93M | $24.94M | $18.10M | $25.12M | $21.52M | $20.67M | $14.68M | $33.18M | $27.62M | $34.04M | $39.67M | $29.89M | $28.73M | $27.59M | $36.06M | $21.70M | $21.01M | $20.75M | $32.78M | $14.60M | $8.85M | $11.80M | $14.79M | $13.18M | $11.90M | $10.57M | $6.67M | $15.48M | $14.27M |
| High Forecast | $32.71M | $27.16M | $26.12M | $18.95M | $26.31M | $22.54M | $21.65M | $15.88M | $33.85M | $28.93M | $34.04M | $47.60M | $31.19M | $32.07M | $28.22M | $43.28M | $26.04M | $21.01M | $20.75M | $39.34M | $14.60M | $8.85M | $11.80M | $17.74M | $13.18M | $11.90M | $10.57M | $8.00M | $15.48M | $14.27M |
| Low Forecast | $30.13M | $25.02M | $24.06M | $17.46M | $24.24M | $20.76M | $19.94M | $13.47M | $32.96M | $26.65M | $34.03M | $31.73M | $29.24M | $25.83M | $26.95M | $28.85M | $17.36M | $21.01M | $20.75M | $26.23M | $14.60M | $8.85M | $11.80M | $11.83M | $13.18M | $11.90M | $10.57M | $5.34M | $15.48M | $14.27M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.46% | - | 0.86% | 1.04% | 1.13% | 1.23% | 1.14% | 2.17% | 2.70% | 1.71% | 1.04% | 0.88% | 0.87% | 0.80% | 1.48% | 0.84% | 0.58% |
MGP Ingredients's average Quarter net income forecast for Dec 23 is $29.89M, with a range of $29.24M to $31.19M. MGPI's average Quarter net income forecast represents a 126.24% increase compared to the company's last Quarter net income of $13.21M (Sep 23).
MGP Ingredients SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 8 | 7 | 6 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $21.57M | - | $28.27M | $33.50M | $25.18M | $23.92M | $21.77M | $23.76M | $24.20M | $29.16M | $11.80M | $16.19M | $9.51M | $9.36M | $9.50M | $5.31M | $7.19M |
| Avg Forecast | $21.42M | $19.20M | $19.98M | $17.54M | $20.09M | $18.42M | $19.07M | $17.21M | $22.10M | $20.15M | $23.58M | $23.07M | $25.62M | $26.08M | $25.61M | $20.97M | $16.18M | $23.80M | $21.58M | $19.06M | $19.12M | $18.45M | $16.07M | $11.31M | $12.53M | $11.96M | $11.65M | $6.44M | $11.39M | $12.41M |
| High Forecast | $22.20M | $19.90M | $20.71M | $18.18M | $20.83M | $19.09M | $19.77M | $18.23M | $22.13M | $20.88M | $23.58M | $27.68M | $26.47M | $26.64M | $26.54M | $25.16M | $19.42M | $23.80M | $21.58M | $22.88M | $19.12M | $18.45M | $16.07M | $13.57M | $12.53M | $11.96M | $11.65M | $7.73M | $11.39M | $12.41M |
| Low Forecast | $20.84M | $18.68M | $19.44M | $17.06M | $19.55M | $17.92M | $18.55M | $16.18M | $22.06M | $19.60M | $23.58M | $18.45M | $25.10M | $25.66M | $24.91M | $16.78M | $12.94M | $23.80M | $21.58M | $15.25M | $19.12M | $18.45M | $16.07M | $9.05M | $12.53M | $11.96M | $11.65M | $5.15M | $11.39M | $12.41M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.83% | - | 1.35% | 2.07% | 1.06% | 1.11% | 1.14% | 1.24% | 1.31% | 1.82% | 1.04% | 1.29% | 0.80% | 0.80% | 1.48% | 0.47% | 0.58% |
MGP Ingredients's average Quarter SG&A projection for Dec 23 is $25.62M, based on 3 Wall Street analysts, with a range of $25.10M to $26.47M. The forecast indicates a 18.76% rise compared to MGPI last annual SG&A of $21.57M (Sep 23).
MGP Ingredients EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 3 | 7 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 6 | 8 | 7 | 6 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.60 | - | $1.40 | $1.02 | $1.07 | $1.15 | $1.69 | $1.44 | $1.08 | $0.91 | $0.90 | $0.69 | $0.61 | $0.50 | $0.57 | $0.76 | $0.48 |
| Avg Forecast | $1.42 | $1.18 | $1.13 | $0.82 | $1.14 | $0.97 | $0.94 | $0.67 | $1.50 | $1.25 | $1.54 | $0.98 | $1.35 | $1.30 | $1.25 | $1.10 | $0.85 | $0.95 | $0.94 | $0.95 | $0.66 | $0.40 | $0.53 | $0.60 | $0.60 | $0.54 | $0.48 | $0.36 | $0.70 | $0.65 |
| High Forecast | $1.48 | $1.23 | $1.18 | $0.86 | $1.19 | $1.02 | $0.98 | $0.72 | $1.53 | $1.31 | $1.54 | $0.98 | $1.41 | $1.45 | $1.28 | $1.16 | $0.89 | $0.95 | $0.94 | $0.95 | $0.66 | $0.40 | $0.53 | $0.60 | $0.60 | $0.54 | $0.48 | $0.36 | $0.70 | $0.65 |
| Low Forecast | $1.37 | $1.13 | $1.09 | $0.79 | $1.10 | $0.94 | $0.90 | $0.61 | $1.49 | $1.21 | $1.54 | $0.98 | $1.32 | $1.17 | $1.22 | $1.06 | $0.82 | $0.95 | $0.94 | $0.95 | $0.66 | $0.40 | $0.53 | $0.60 | $0.60 | $0.54 | $0.48 | $0.36 | $0.70 | $0.65 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.46% | - | 1.27% | 1.20% | 1.13% | 1.23% | 1.77% | 2.18% | 2.70% | 1.71% | 1.51% | 1.16% | 1.13% | 1.05% | 1.57% | 1.09% | 0.74% |
According to 3 Wall Street analysts, MGP Ingredients's projected average Quarter EPS for Dec 23 is $1.35, with a low estimate of $1.32 and a high estimate of $1.41. This represents a 125.71% increase compared to MGPI previous annual EPS of $0.60 (Sep 23).