Mistras Group Inc (MG) Receives $34.71 Consensus Price Target from Analysts
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.
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
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