Is Mgp Ingredients Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NASDAQ: MGPI) stock is to Strong Buy MGPI stock.
Out of 2 analysts, 1 (50%) are recommending MGPI as a Strong Buy, 1 (50%) are recommending MGPI as a Buy, 0 (0%) are recommending MGPI as a Hold, 0 (0%) are recommending MGPI as a Sell, and 0 (0%) are recommending MGPI as a Strong Sell.
What is MGPI's forecast return on equity (ROE) for 2023-2025?
(NASDAQ: MGPI) forecast ROE is 17.73%, which is considered weak.
What is MGPI's Price Target?
According to 2 Wall Street analysts that have issued a 1 year MGPI price target, the average MGPI price target is $123.00, with the highest MGPI stock price forecast at $128.00 and the lowest MGPI stock price forecast at $118.00.
On average, Wall Street analysts predict that Mgp Ingredients's share price could reach $123.00 by May 18, 2024. The average Mgp Ingredients stock price prediction forecasts a potential upside of 30.13% from the current MGPI share price of $94.52.
What is MGPI's forecast return on assets (ROA) for 2023-2025?
(NASDAQ: MGPI) forecast ROA is 11.64%, which is higher than the forecast US Packaged Foods industry average of 7.94%.
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