Zacks Investment Research upgraded shares of Mistras Group Inc (NYSE:MG) from a sell rating to a hold rating in a research report sent to investors on Saturday morning. The firm currently has $25.00 target price on the technology company’s stock.
According to Zacks, “Mistras Group, Inc. is a global provider of technology-enabled, non-destructive testing (NDT) solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure. The Company delivers a portfolio of solutions, ranging from routine NDT inspections to plant-wide asset integrity assessment and management solutions. The Company serves a global customer base, including companies in the oil and gas, fossil and nuclear power generation and transmission, public infrastructure, chemicals, aerospace and defense, transportation, primary metals and metalworking, pharmaceuticals and food processing industries. “
Several other equities research analysts have also recently weighed in on MG. Canaccord Genuity cut their target price on Mistras Group from $22.00 to $20.00 and set a hold rating for the company in a research note on Thursday, August 10th. Robert W. Baird lowered their price target on shares of Mistras Group from $24.00 to $19.00 and set an outperform rating for the company in a report on Wednesday, August 9th. KeyCorp reiterated a hold rating on shares of Mistras Group in a report on Friday, October 6th. BidaskClub downgraded shares of Mistras Group from a hold rating to a sell rating in a report on Friday, August 18th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Mistras Group from a neutral rating to a sell rating and lowered their price target for the stock from $45.00 to $41.00 in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Mistras Group has a consensus rating of Hold and an average price target of $34.71.
Shares of Mistras Group (NYSE:MG) opened at $21.37 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.08 and a current ratio of 2.21. Mistras Group has a 12 month low of $17.00 and a 12 month high of $26.46. The firm has a market capitalization of $632.86, a price-to-earnings ratio of 39.95 and a beta of 1.16.
Mistras Group (NYSE:MG) last released its earnings results on Monday, November 6th. The technology company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.02). Mistras Group had a return on equity of 6.16% and a net margin of 0.68%. The business had revenue of $179.57 million for the quarter, compared to the consensus estimate of $172.28 million. equities analysts anticipate that Mistras Group will post 0.46 EPS for the current fiscal year.
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In related news, COO Jonathan H. Wolk purchased 2,500 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average cost of $17.41 per share, for a total transaction of $43,525.00. Following the completion of the acquisition, the chief operating officer now owns 83,589 shares of the company’s stock, valued at $1,455,284.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 44.70% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC increased its holdings in Mistras Group by 55.2% in the third quarter. Cubist Systematic Strategies LLC now owns 14,077 shares of the technology company’s stock valued at $289,000 after purchasing an additional 5,005 shares during the period. Engine Capital Management LLC increased its holdings in Mistras Group by 22.6% in the third quarter. Engine Capital Management LLC now owns 381,008 shares of the technology company’s stock valued at $7,811,000 after purchasing an additional 70,218 shares during the period. Dimensional Fund Advisors LP increased its holdings in Mistras Group by 5.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,168,161 shares of the technology company’s stock valued at $23,949,000 after purchasing an additional 57,126 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Mistras Group by 5.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 64,457 shares of the technology company’s stock valued at $1,322,000 after purchasing an additional 3,151 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Mistras Group by 45.0% in the third quarter. Wells Fargo & Company MN now owns 20,918 shares of the technology company’s stock valued at $428,000 after purchasing an additional 6,496 shares during the period. Institutional investors and hedge funds own 60.85% of the company’s stock.
Mistras Group Company Profile
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