Mistras Group Inc. (MG) Given Average Recommendation of “Hold” by Brokerages
Shares of Mistras Group Inc. (NYSE:MG) have been given a consensus recommendation of “Hold” by the eight research firms that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $44.30.
MG has been the topic of a number of research reports. Zacks Investment Research downgraded Mistras Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 12th. Robert W. Baird raised Mistras Group from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $27.00 to $28.00 in a research note on Friday, August 12th. TD Securities reduced their price objective on Mistras Group from $51.00 to $46.00 and set a “buy” rating on the stock in a research note on Monday, July 11th. Finally, CIBC lifted their price objective on Mistras Group from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 9th.
In related news, insider Dennis Bertolotti sold 21,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $24.97, for a total transaction of $524,370.00. Following the completion of the transaction, the insider now owns 101,062 shares in the company, valued at approximately $2,523,518.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 45.60% of the stock is owned by insiders.
A number of institutional investors have recently bought and sold shares of MG. Rational Advisors LLC acquired a new position in Mistras Group during the second quarter worth about $128,000. PNC Financial Services Group Inc. boosted its position in Mistras Group by 97.0% in the second quarter. PNC Financial Services Group Inc. now owns 6,425 shares of the company’s stock worth $153,000 after buying an additional 3,164 shares during the last quarter. BlackRock Group LTD boosted its position in Mistras Group by 54.5% in the second quarter. BlackRock Group LTD now owns 6,903 shares of the company’s stock worth $165,000 after buying an additional 2,434 shares during the last quarter. Globeflex Capital L P acquired a new position in Mistras Group during the second quarter worth about $186,000. Finally, BlackRock Advisors LLC boosted its position in Mistras Group by 4.2% in the second quarter. BlackRock Advisors LLC now owns 8,381 shares of the company’s stock worth $200,000 after buying an additional 335 shares during the last quarter. Institutional investors own 56.18% of the company’s stock.
Shares of Mistras Group (NYSE:MG) traded up 1.12% during trading on Monday, hitting $20.83. The company had a trading volume of 74,234 shares. The company has a market capitalization of $603.55 million, a P/E ratio of 25.72 and a beta of 1.20. Mistras Group has a 52 week low of $18.13 and a 52 week high of $26.47. The stock’s 50-day moving average price is $23.21 and its 200 day moving average price is $24.26.
Mistras Group (NYSE:MG) last released its quarterly earnings data on Thursday, October 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. Mistras Group had a return on equity of 10.22% and a net margin of 3.44%. The business had revenue of $168.40 million for the quarter. During the same period in the previous year, the firm earned $0.23 EPS. The business’s revenue was down 6.4% compared to the same quarter last year. On average, equities research analysts forecast that Mistras Group will post $5.23 earnings per share for the current year.
Mistras Group Company Profile
Mistras Group, Inc is a provider of asset protection solutions. The Company offers one source for asset protection solutions to its customers. The Company has three segments: Services, Products and Systems, and International. The Company’s Services segment provides asset protection solutions consisting primarily of non-destructive testing and inspection, and engineering services that are used to evaluate the structural integrity and reliability of energy, industrial and public infrastructure.
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