Zacks Investment Research upgraded shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) from a hold rating to a buy rating in a research report report published on Wednesday morning. The firm currently has $24.00 price objective on the stock.

According to Zacks, “NCS Multistage Holdings, Inc. provides engineered products and support services for oil and natural gas well completions and field development strategies primarily in the United States and internationally. NCS Multistage Holdings Inc. is headquartered in Houston, Texas. “

A number of other equities research analysts have also recently commented on the company. Royal Bank Of Canada set a $30.00 price target on NCS Multistage Holdings and gave the company a buy rating in a report on Saturday, October 7th. Citigroup Inc. set a $32.00 price target on NCS Multistage Holdings and gave the company a buy rating in a report on Thursday, October 5th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. NCS Multistage Holdings currently has a consensus rating of Buy and a consensus price target of $28.50.

NCS Multistage Holdings (NASDAQ:NCSM) last posted its quarterly earnings results on Tuesday, August 8th. The company reported ($0.09) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.09). The business had revenue of $36.86 million for the quarter, compared to the consensus estimate of $29.14 million.

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Several hedge funds have recently modified their holdings of the company. FMR LLC bought a new stake in shares of NCS Multistage Holdings in the second quarter worth about $55,521,000. Lazard Asset Management LLC bought a new stake in shares of NCS Multistage Holdings in the second quarter worth about $38,015,000. Boston Partners bought a new stake in shares of NCS Multistage Holdings in the third quarter worth about $22,021,000. Goldman Sachs Group Inc. bought a new stake in shares of NCS Multistage Holdings in the second quarter worth about $21,959,000. Finally, Vanguard Group Inc. bought a new stake in shares of NCS Multistage Holdings in the second quarter worth about $13,697,000. 91.58% 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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