Meredith Corporation (MDP) Social Stream
Warning: This security is no longer trading.
The sales of Meredith Corp.'s broadcasting and magazine divisions closed on Wednesday, 12/1/21. Following a shareholder vote, Meredith sold its 17 local TV stations to Atlanta-based Gray Television for $2.8 billion. Meredith then spun off its magazine division to a separate company, which New York-based Dotdash purchased for $2.7 billion.
Meredith Corp (MDP) Price Targets From Analysts
The tables below show the price targets and recommendations analysts covering MDP.
| Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|
| 3 | $59 | $36 | $51 | $59.07 | -13.66% |
The Trend in the Analyst Price Target
Over the past 83 days, MDP's average price target has gone up $12.83.
MDP reports an average of -0.36% for its upside potential over the past 16 months.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-10-08 | 3 | 59 | 36 | 51.00 | 58.22 | -12.4% |
| 2020-06-03 | NA | 20 | 11 | 15.38 | NA | NA% |
MDP Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 2.33 | 1 | 0 | 2 | 0 | 0 | 3 |
Use the points listed below to better contextualize what this analyst price target and recommendations data data means for investors.
- Meredith Corp's variance in analysts' estimates is less than practically none of Printing and Publishing stocks.
- MDP has a higher upside potential (average analyst target price relative to current price) than 1.53% of stocks in the mid market cap category.
- Meredith Corp's number of analysts covering the stock is higher than 10.73% of stocks in the mid market cap category.
- The average analyst price target of MDP is higher than 63.64% of Printing and Publishing stocks.
In the Printing and Publishing industry, HMHC, PSO and RELX are the three stocks most similar to Meredith Corp regarding the price target and analyst recommendation information presented here.
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