Shaers of MGP Ingredients, Inc. (NASDAQ:MGPI) have been recommended as a long term growth pick. With the firm’s stock price currently trading around $76.56, the firm has proven a solid track record of growth over the recent years. Investors might consider the stock as a long term growth candidate as the firm has yielded 25.30% earnings per share growth over the past 5 years and 16.80% revenue growth over that same time frame.
Long-term growth (LTG) is an investing strategy where a stock will (hopefully) grow in value for a relatively long period of time. Long-term growth should be considered to be a relative term, due to different styles and goals of investors, but the endgame is the same.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, MGP Ingredients, Inc. (NASDAQ:MGPI)’s stock was -0.42%. Over the last week of the month, it was 0.95%, 21.20% over the last quarter, and 47.61% for the past six months.
Over the past 50 days, MGP Ingredients, Inc.’s stock is -5.19% off of the high and 21.99% removed from the low. Their 52-Week High and Low are as follows: -5.19% (High), 88.63%, (Low).
Despite the past success, investors want to know where the stock is headed from here. Analysts covering the shares have a consensus short-term price target of $77.00 on the equity. Analysts have a consensus recommendation of 2.50 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.