Mistras Group Inc (NYSE:MG) has been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $34.71.

MG has been the subject of several analyst reports. KeyCorp reissued a “hold” rating on shares of Mistras Group in a report on Friday, October 6th. Canaccord Genuity boosted their price objective on Mistras Group from $20.00 to $22.00 and gave the company a “hold” rating in a report on Tuesday, November 7th. Robert W. Baird cut Mistras Group from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $21.00 to $22.00 in a report on Monday, October 2nd. Zacks Investment Research cut Mistras Group from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Goldman Sachs Group cut Mistras Group from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $45.00 to $41.00 in a report on Monday, October 16th.

In related news, EVP Michael C. Keefe sold 4,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $22.80, for a total value of $91,200.00. Following the completion of the transaction, the executive vice president now owns 38,761 shares of the company’s stock, valued at approximately $883,750.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 44.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Broad Run Investment Management LLC raised its holdings in Mistras Group by 1.7% in the 2nd quarter. Broad Run Investment Management LLC now owns 1,577,235 shares of the technology company’s stock worth $34,652,000 after purchasing an additional 26,989 shares during the period. Vanguard Group Inc. increased its stake in Mistras Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,386,429 shares of the technology company’s stock worth $30,460,000 after buying an additional 34,319 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Mistras Group by 5.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,168,161 shares of the technology company’s stock worth $23,949,000 after buying an additional 57,126 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in Mistras Group by 10.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 871,988 shares of the technology company’s stock worth $17,876,000 after buying an additional 83,012 shares in the last quarter. Finally, Bernzott Capital Advisors increased its stake in Mistras Group by 5.1% during the 2nd quarter. Bernzott Capital Advisors now owns 635,161 shares of the technology company’s stock worth $13,954,000 after buying an additional 30,985 shares in the last quarter. 62.14% of the stock is owned by institutional investors.

Mistras Group (MG) traded down $0.04 during trading on Thursday, reaching $22.47. The company’s stock had a trading volume of 22,160 shares, compared to its average volume of 55,818. The company has a current ratio of 2.21, a quick ratio of 2.08 and a debt-to-equity ratio of 0.41. The stock has a market cap of $635.70, a P/E ratio of 40.13 and a beta of 1.18. Mistras Group has a twelve month low of $17.00 and a twelve month high of $26.46.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Monday, November 6th. The technology company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). The firm had revenue of $179.57 million for the quarter, compared to analysts’ expectations of $172.28 million. Mistras Group had a net margin of 0.68% and a return on equity of 6.16%. analysts expect that Mistras Group will post 0.46 EPS for the current fiscal year.

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About Mistras Group

Analyst Recommendations for Mistras Group (NYSE:MG)

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