Mistras Group (MG) Coverage Initiated by Analysts at Canaccord Genuity

Stock analysts at Canaccord Genuity began coverage on shares of Mistras Group (NYSE:MG) in a research note issued on Wednesday. The brokerage set a “hold” rating and a $20.00 price target on the technology company’s stock. Canaccord Genuity’s price objective suggests a potential upside of 16.01% from the company’s previous close.

Several other equities analysts have also recently issued reports on MG. Zacks Investment Research upgraded shares of Mistras Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 11th. ValuEngine upgraded shares of Mistras Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $22.33.

Shares of MG traded down $0.71 during trading hours on Wednesday, hitting $17.24. The stock had a trading volume of 1,923 shares, compared to its average volume of 68,366. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.14 and a quick ratio of 2.01. Mistras Group has a fifty-two week low of $16.46 and a fifty-two week high of $23.83. The stock has a market cap of $485.51 million, a P/E ratio of 40.14, a P/E/G ratio of 0.66 and a beta of 1.31.

Mistras Group (NYSE:MG) last posted its earnings results on Monday, November 5th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.11). Mistras Group had a net margin of 1.17% and a return on equity of 6.44%. The firm had revenue of $182.17 million during the quarter, compared to analyst estimates of $181.50 million. Equities analysts expect that Mistras Group will post 0.73 EPS for the current year.

A number of large investors have recently bought and sold shares of MG. Dimensional Fund Advisors LP raised its position in Mistras Group by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,244,791 shares of the technology company’s stock worth $23,576,000 after acquiring an additional 34,325 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of Mistras Group by 46.4% during the first quarter. Cubist Systematic Strategies LLC now owns 12,058 shares of the technology company’s stock worth $228,000 after buying an additional 3,824 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Mistras Group by 429.9% during the first quarter. Millennium Management LLC now owns 72,663 shares of the technology company’s stock worth $1,376,000 after buying an additional 58,950 shares in the last quarter. Atria Investments LLC purchased a new stake in shares of Mistras Group during the second quarter worth $196,000. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Mistras Group by 5.6% during the second quarter. Rockefeller Capital Management L.P. now owns 904,446 shares of the technology company’s stock worth $17,076,000 after buying an additional 47,757 shares in the last quarter. Institutional investors own 59.06% of the company’s stock.

About Mistras Group

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures.

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Analyst Recommendations for Mistras Group (NYSE:MG)

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