Mistras Group Inc. (MG) Receives $47.75 Consensus Target Price from Brokerages
Mistras Group Inc. (NYSE:MG) has been given a consensus recommendation of “Buy” by the nine ratings firms that are presently covering the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $47.75.
A number of brokerages have recently commented on MG. CIBC increased their price target on shares of Mistras Group from $45.00 to $47.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 9th. Zacks Investment Research lowered shares of Mistras Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Robert W. Baird raised shares of Mistras Group from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $27.00 to $28.00 in a report on Friday, August 12th. Finally, Scotiabank reissued an “outperform” rating and issued a $65.00 price target on shares of Mistras Group in a report on Friday, November 4th.
Mistras Group (NYSE:MG) opened at 23.00 on Monday. Mistras Group has a 52 week low of $18.13 and a 52 week high of $26.47. The company has a market cap of $671.26 million, a P/E ratio of 28.40 and a beta of 1.03. The company’s 50-day moving average is $21.36 and its 200-day moving average is $23.61.
Mistras Group (NYSE:MG) last issued its quarterly earnings results on Thursday, October 6th. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. The firm had revenue of $168.40 million for the quarter. Mistras Group had a net margin of 3.44% and a return on equity of 10.22%. Mistras Group’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 EPS. On average, analysts anticipate that Mistras Group will post $0.92 EPS for the current fiscal year.
In other Mistras Group news, Chairman Sotirios J. Vahaviolos sold 95,980 shares of the stock in a transaction on Friday, November 4th. The shares were sold at an average price of $20.84, for a total transaction of $2,000,223.20. Following the completion of the sale, the chairman now owns 11,387,231 shares of the company’s stock, valued at approximately $237,309,894.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Sotirios J. Vahaviolos sold 85,234 shares of the stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $23.46, for a total transaction of $1,999,589.64. Following the sale, the chairman now directly owns 11,483,211 shares of the company’s stock, valued at approximately $269,396,130.06. The disclosure for this sale can be found here. 45.60% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP boosted its stake in shares of Mistras Group by 8.8% in the second quarter. GSA Capital Partners LLP now owns 17,920 shares of the company’s stock valued at $428,000 after buying an additional 1,453 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Mistras Group during the second quarter valued at $310,000. Emerald Acquisition Ltd. purchased a new stake in shares of Mistras Group during the second quarter valued at $1,318,000. California State Teachers Retirement System boosted its stake in shares of Mistras Group by 1.3% in the second quarter. California State Teachers Retirement System now owns 35,969 shares of the company’s stock valued at $859,000 after buying an additional 457 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Mistras Group by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 78,958 shares of the company’s stock valued at $1,885,000 after buying an additional 1,155 shares during the last quarter. 55.71% of the stock is owned by institutional investors and hedge funds.
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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