Stock Rating Upgrade
The Value Trend Rating for MGP Ingredients Inc (NASDAQ: MGPI) improved in the last week from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
MGP Ingredients Inc (NASDAQ: MGPI) stock increased 1.8% on 9/13/24. The shares closed at $84.97. NORMAL trading volume accompanied the advance. The stock has declined -3.3% 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 C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. MGP Ingredients has a neutral Appreciation Score of 58 and a slightly negative Power Rating of 32, resulting in the Low Neutral Value Trend Rating.
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