Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for MGP Ingredients Inc (NASDAQ: MGPI) weakened of late. MGPI’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
MGP Ingredients Inc (NASDAQ: MGPI) stock closed at $82.61 on 3/8/24 after a modest decline of -1.7%. NORMAL trading volume accompanied the decline. The stock has declined -3.0% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
MGPI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
MGP Ingredients has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MGP Ingredients has a neutral Appreciation Score of 57 but a poor Power Rating of 18, triggering the Negative Value Trend Rating.
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