Mistras Group (NYSE:MG) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Mistras Group (NYSE:MG) from a hold rating to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Mistras Group in a research report on Thursday, January 22nd. UBS Group set a $16.00 price target on shares of Mistras Group in a research note on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $16.00.

Mistras Group Stock Up 0.4%

Shares of Mistras Group stock opened at $14.45 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 1.89 and a debt-to-equity ratio of 0.89. Mistras Group has a 52-week low of $7.06 and a 52-week high of $15.84. The company has a market capitalization of $455.99 million, a P/E ratio of 27.27, a P/E/G ratio of 0.86 and a beta of 0.86. The company has a 50 day moving average of $14.37 and a 200 day moving average of $12.07.

Mistras Group (NYSE:MG) last announced its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $181.46 million for the quarter, compared to the consensus estimate of $176.27 million. Mistras Group had a net margin of 2.33% and a return on equity of 13.09%. As a group, research analysts forecast that Mistras Group will post 0.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Mistras Group

A number of hedge funds and other institutional investors have recently made changes to their positions in MG. Torren Management LLC acquired a new position in Mistras Group in the 4th quarter valued at about $28,000. Jones Financial Companies Lllp acquired a new position in shares of Mistras Group in the third quarter valued at approximately $33,000. Kemnay Advisory Services Inc. acquired a new position in shares of Mistras Group in the fourth quarter valued at approximately $74,000. MetLife Investment Management LLC raised its stake in shares of Mistras Group by 17.8% during the fourth quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock worth $89,000 after purchasing an additional 1,065 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Mistras Group by 22.5% during the third quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after purchasing an additional 1,360 shares during the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.

About Mistras Group

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.