NCS Multistage Holdings, Inc. (NASDAQ:NCSM) has been given a $30.00 target price by equities research analysts at Royal Bank Of Canada in a note issued to investors on Saturday. The firm presently has a “buy” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 40.85% from the stock’s previous close.

A number of other research firms also recently weighed in on NCSM. Zacks Investment Research raised shares of NCS Multistage Holdings from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, September 27th. Citigroup Inc. started coverage on shares of NCS Multistage Holdings in a research note on Thursday, June 15th. They issued an “outperform” rating and a $30.00 price target on the stock. Finally, Raymond James Financial, Inc. started coverage on shares of NCS Multistage Holdings in a research note on Thursday, June 15th. They issued an “outperform” rating and a $30.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $28.83.

NCS Multistage Holdings (NCSM) opened at 21.30 on Friday. The firm’s 50-day moving average price is $21.57 and its 200 day moving average price is $22.33. NCS Multistage Holdings has a 52-week low of $18.17 and a 52-week high of $29.07. The stock has a market cap of $927.74 million and a P/E ratio of 417.65.

NCS Multistage Holdings (NASDAQ:NCSM) last posted its quarterly earnings results on Tuesday, August 8th. The company reported ($0.09) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.09). The company had revenue of $36.86 million during the quarter, compared to analyst estimates of $29.14 million. Equities analysts predict that NCS Multistage Holdings will post $0.34 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the business. Nationwide Fund Advisors acquired a new position in NCS Multistage Holdings during the second quarter worth $157,000. Alliancebernstein L.P. acquired a new position in NCS Multistage Holdings during the second quarter worth $201,000. The Manufacturers Life Insurance Company acquired a new position in NCS Multistage Holdings during the second quarter worth $211,000. Parametric Portfolio Associates LLC acquired a new position in NCS Multistage Holdings during the second quarter worth $257,000. Finally, Rhumbline Advisers acquired a new position in NCS Multistage Holdings during the second quarter worth $276,000. 91.57% of the stock is currently owned by hedge funds and other institutional investors.

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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