NCS Multistage (NASDAQ:NCSM) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

Several other research firms have also recently weighed in on NCSM. Zacks Investment Research cut NCS Multistage from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Royal Bank of Canada cut their price target on NCS Multistage from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Piper Jaffray Companies set a $20.00 price target on NCS Multistage and gave the company a “buy” rating in a report on Thursday, December 21st. Citigroup set a $32.00 price target on NCS Multistage and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Raymond James Financial upgraded NCS Multistage from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. NCS Multistage presently has an average rating of “Buy” and an average target price of $25.14.

Shares of NCS Multistage (NASDAQ NCSM) opened at $14.74 on Friday. The company has a current ratio of 3.31, a quick ratio of 2.29 and a debt-to-equity ratio of 0.06. NCS Multistage has a 1 year low of $13.85 and a 1 year high of $29.07.

NCS Multistage (NASDAQ:NCSM) last released its earnings results on Monday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). NCS Multistage had a return on equity of 2.22% and a net margin of 2.42%. The business had revenue of $55.96 million for the quarter, compared to analysts’ expectations of $58.92 million. equities analysts predict that NCS Multistage will post 0.2 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC bought a new stake in shares of NCS Multistage in the 2nd quarter valued at approximately $55,521,000. Lazard Asset Management LLC bought a new stake in shares of NCS Multistage in the 2nd quarter valued at approximately $38,015,000. Boston Partners bought a new stake in shares of NCS Multistage in the 3rd quarter valued at approximately $22,021,000. Goldman Sachs Group Inc. bought a new stake in shares of NCS Multistage in the 2nd quarter valued at approximately $21,959,000. Finally, Vanguard Group Inc. bought a new stake in shares of NCS Multistage in the 2nd quarter valued at approximately $13,697,000. Institutional investors and hedge funds own 93.02% of the company’s stock.

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NCS Multistage Company Profile

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 (NASDAQ:NCSM)

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