Mistras Group Inc (NYSE:MG)‘s stock had its “hold” rating reissued by equities research analysts at KeyCorp in a research note issued to investors on Friday.

Several other brokerages have also recently weighed in on MG. Zacks Investment Research cut shares of Mistras Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $47.00 price target on shares of Mistras Group in a research note on Friday, May 12th. Canaccord Genuity decreased their price target on shares of Mistras Group from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, August 10th. Robert W. Baird decreased their price target on shares of Mistras Group from $24.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, August 9th. Finally, BidaskClub cut shares of Mistras Group from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Mistras Group presently has a consensus rating of “Hold” and a consensus target price of $34.40.

Mistras Group (NYSE MG) opened at 17.96 on Friday. The firm’s 50-day moving average is $20.08 and its 200-day moving average is $21.32. Mistras Group has a 1-year low of $17.00 and a 1-year high of $26.46. The stock has a market cap of $507.37 million, a P/E ratio of 38.21 and a beta of 1.15.

Mistras Group (NYSE:MG) last issued its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.07. The business had revenue of $170.44 million for the quarter, compared to the consensus estimate of $170.16 million. Mistras Group had a return on equity of 7.04% and a net margin of 2.69%. On average, analysts forecast that Mistras Group will post $0.50 EPS for the current year.

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In other news, Chairman Sotirios J. Vahaviolos sold 94,206 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $21.23, for a total value of $1,999,993.38. Following the completion of the sale, the chairman now owns 10,746,509 shares of the company’s stock, valued at approximately $228,148,386.07. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Sotirios J. Vahaviolos sold 94,877 shares of the stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $21.08, for a total value of $2,000,007.16. Following the completion of the sale, the chairman now directly owns 10,651,632 shares of the company’s stock, valued at approximately $224,536,402.56. The disclosure for this sale can be found here. In the last three months, insiders sold 284,035 shares of company stock valued at $6,003,452. 44.70% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its stake in shares of Mistras Group by 0.4% in the second quarter. Wells Fargo & Company MN now owns 14,422 shares of the technology company’s stock valued at $317,000 after buying an additional 63 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Mistras Group by 0.8% in the second quarter. PNC Financial Services Group Inc. now owns 14,481 shares of the technology company’s stock valued at $318,000 after buying an additional 114 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Mistras Group by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 14,714 shares of the technology company’s stock valued at $323,000 after buying an additional 487 shares in the last quarter. American International Group Inc. increased its stake in shares of Mistras Group by 7.0% in the first quarter. American International Group Inc. now owns 10,557 shares of the technology company’s stock valued at $226,000 after buying an additional 694 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of Mistras Group by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 41,818 shares of the technology company’s stock valued at $1,074,000 after buying an additional 785 shares in the last quarter. 57.16% of the stock is owned by institutional investors and hedge funds.

Mistras Group Company Profile

Analyst Recommendations for Mistras Group (NYSE:MG)

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