Shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) have been assigned an average rating of “Buy” from the nine brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $28.50.

A number of analysts recently commented on the company. Zacks Investment Research raised NCS Multistage Holdings from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $30.00 price target on shares of NCS Multistage Holdings in a research note on Thursday, July 20th. Raymond James Financial, Inc. assumed coverage on NCS Multistage Holdings in a research note on Thursday, June 15th. They issued an “outperform” rating and a $30.00 price target for the company. Finally, Citigroup Inc. assumed coverage on NCS Multistage Holdings in a research note on Thursday, June 15th. They issued an “outperform” rating and a $30.00 price target for the company.

A number of institutional investors have recently made changes to their positions in NCSM. Nationwide Fund Advisors purchased a new position in NCS Multistage Holdings during the second quarter valued at $157,000. Alliancebernstein L.P. purchased a new position in NCS Multistage Holdings during the second quarter valued at $201,000. The Manufacturers Life Insurance Company purchased a new position in NCS Multistage Holdings during the second quarter valued at $211,000. Parametric Portfolio Associates LLC purchased a new position in NCS Multistage Holdings during the second quarter valued at $257,000. Finally, Rhumbline Advisers purchased a new position in NCS Multistage Holdings during the second quarter valued at $276,000. 91.57% of the stock is owned by institutional investors and hedge funds.

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Shares of NCS Multistage Holdings (NASDAQ:NCSM) traded up 1.01% during mid-day trading on Wednesday, reaching $24.08. 162,104 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.05 billion and a P/E ratio of 1094.55. The stock has a 50-day moving average of $20.82 and a 200 day moving average of $22.20. NCS Multistage Holdings has a one year low of $18.17 and a one year high of $29.07.

NCS Multistage Holdings (NASDAQ:NCSM) last announced its quarterly earnings results on Tuesday, August 8th. The company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). The business had revenue of $36.86 million during the quarter, compared to analysts’ expectations of $29.14 million. On average, analysts forecast that NCS Multistage Holdings will post $0.36 EPS for the current fiscal year.

About NCS Multistage Holdings

NCS Multistage Holdings, Inc is a provider of engineered products and support services for oil and natural gas well completions and field development strategies. The Company’s products and services include Multistage Unlimited, casing-installed sliding sleeves, downhole frac isolation assembly, AirLock casing buoyancy system and liner hanger systems.

Analyst Recommendations for NCS Multistage Holdings (NASDAQ:NCSM)

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