Analysts Set Mistras Group Inc (MG) PT at $34.71

Mistras Group Inc (NYSE:MG) has received an average recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $34.71.

A number of brokerages recently commented on MG. Robert W. Baird downgraded Mistras Group from an “outperform” rating to a “neutral” rating and increased their price target for the company from $21.00 to $22.00 in a research report on Monday, October 2nd. Canaccord Genuity increased their price target on Mistras Group from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised Mistras Group from a “sell” rating to a “hold” rating and set a $25.00 price target for the company in a research report on Saturday, November 11th. KeyCorp reaffirmed a “hold” rating on shares of Mistras Group in a research report on Friday, October 6th. Finally, BidaskClub downgraded Mistras Group from a “hold” rating to a “sell” rating in a research report on Friday, August 18th.

In other Mistras Group news, EVP Michael C. Keefe sold 4,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $22.80, for a total value of $91,200.00. Following the completion of the sale, the executive vice president now directly owns 38,761 shares of the company’s stock, valued at $883,750.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 44.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Mistras Group by 6.7% in the first quarter. Vanguard Group Inc. now owns 1,352,110 shares of the technology company’s stock worth $28,908,000 after acquiring an additional 85,240 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of Mistras Group by 10.5% in the third quarter. Wedge Capital Management L L P NC now owns 871,988 shares of the technology company’s stock worth $17,876,000 after acquiring an additional 83,012 shares during the period. Engine Capital Management LLC boosted its holdings in shares of Mistras Group by 22.6% in the third quarter. Engine Capital Management LLC now owns 381,008 shares of the technology company’s stock worth $7,811,000 after acquiring an additional 70,218 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Mistras Group by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,111,035 shares of the technology company’s stock worth $24,409,000 after acquiring an additional 69,211 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of Mistras Group in the third quarter worth $870,000. 62.14% of the stock is owned by institutional investors and hedge funds.

Mistras Group (MG) traded down $0.06 during mid-day trading on Thursday, hitting $22.25. The stock had a trading volume of 26,173 shares, compared to its average volume of 76,930. The company has a quick ratio of 2.08, a current ratio of 2.21 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $635.69, a price-to-earnings ratio of 40.13 and a beta of 1.18. Mistras Group has a 52 week low of $17.00 and a 52 week high of $26.46.

Mistras Group (NYSE:MG) last issued its quarterly earnings results on Monday, November 6th. The technology company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). The business had revenue of $179.57 million for the quarter, compared to analysts’ expectations of $172.28 million. Mistras Group had a net margin of 0.68% and a return on equity of 6.16%. research analysts expect that Mistras Group will post 0.46 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Analysts Set Mistras Group Inc (MG) PT at $34.71” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://sportsperspectives.com/2017/12/12/analysts-set-mistras-group-inc-mg-pt-at-34-71.html.

Mistras Group Company Profile

Analyst Recommendations for Mistras Group (NYSE:MG)

Receive News & Ratings for Mistras Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mistras Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply