Citigroup Inc. Reiterates $32.00 Price Target for NCS Multistage Holdings, Inc. (NCSM)

Citigroup Inc. set a $32.00 price target on NCS Multistage Holdings, Inc. (NASDAQ:NCSM) in a research report report published on Thursday morning. The firm currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on NCSM. Zacks Investment Research upgraded NCS Multistage Holdings from a hold rating to a buy rating and set a $26.00 price objective for the company in a research report on Wednesday, September 27th. Royal Bank Of Canada restated a buy rating and set a $30.00 price objective on shares of NCS Multistage Holdings in a research report on Thursday, July 20th. Finally, Raymond James Financial, Inc. initiated coverage on NCS Multistage Holdings in a research report on Thursday, June 15th. They set an outperform rating and a $30.00 price objective for the company. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $28.83.

NCS Multistage Holdings (NASDAQ NCSM) traded down 6.17% during trading on Thursday, hitting $21.30. The stock had a trading volume of 73,939 shares. The company has a market cap of $927.74 million and a price-to-earnings ratio of 417.65. NCS Multistage Holdings has a 52 week low of $10.19 and a 52 week high of $29.07. The company has a 50-day moving average of $21.57 and a 200 day moving average of $22.33.

NCS Multistage Holdings (NASDAQ:NCSM) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.09). The company had revenue of $36.86 million for the quarter, compared to the consensus estimate of $29.14 million. On average, equities research analysts anticipate that NCS Multistage Holdings will post $0.34 EPS for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of NCSM. FMR LLC bought a new position in shares of NCS Multistage Holdings during the second quarter worth about $55,521,000. Lazard Asset Management LLC acquired a new stake in NCS Multistage Holdings during the second quarter worth approximately $38,015,000. Goldman Sachs Group Inc. acquired a new stake in NCS Multistage Holdings during the second quarter worth approximately $21,959,000. Vanguard Group Inc. acquired a new stake in NCS Multistage Holdings during the second quarter worth approximately $13,697,000. Finally, Jennison Associates LLC acquired a new stake in NCS Multistage Holdings during the second quarter worth approximately $11,549,000. Institutional investors own 91.57% of the company’s stock

A number of other brokerages also recently issued reports on NCSM. Zacks Investment Research upgraded NCS Multistage Holdings from a hold rating to a buy rating and set a $26.00 price objective for the company in a research report on Wednesday, September 27th. Royal Bank Of Canada restated a buy rating and set a $30.00 price objective on shares of NCS Multistage Holdings in a research report on Thursday, July 20th. Finally, Raymond James Financial, Inc. initiated coverage on NCS Multistage Holdings in a research report on Thursday, June 15th. They set an outperform rating and a $30.00 price objective for the company. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $28.83.

NCS Multistage Holdings (NASDAQ NCSM) traded down 6.17% during trading on Thursday, hitting $21.30. The stock had a trading volume of 73,939 shares. The company has a market cap of $927.74 million and a price-to-earnings ratio of 417.65. NCS Multistage Holdings has a 52 week low of $10.19 and a 52 week high of $29.07. The company has a 50-day moving average of $21.57 and a 200 day moving average of $22.33.

NCS Multistage Holdings (NASDAQ:NCSM) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.09). The company had revenue of $36.86 million for the quarter, compared to the consensus estimate of $29.14 million. On average, equities research analysts anticipate that NCS Multistage Holdings will post $0.34 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This article was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/08/citigroup-inc-reiterates-32-00-price-target-for-ncs-multistage-holdings-inc-ncsm.html.

Several institutional investors and hedge funds have recently modified their holdings of NCSM. FMR LLC bought a new position in shares of NCS Multistage Holdings during the second quarter worth about $55,521,000. Lazard Asset Management LLC acquired a new stake in NCS Multistage Holdings during the second quarter worth approximately $38,015,000. Goldman Sachs Group Inc. acquired a new stake in NCS Multistage Holdings during the second quarter worth approximately $21,959,000. Vanguard Group Inc. acquired a new stake in NCS Multistage Holdings during the second quarter worth approximately $13,697,000. Finally, Jennison Associates LLC acquired a new stake in NCS Multistage Holdings during the second quarter worth approximately $11,549,000. Institutional investors own 91.57% of the company’s stock.

NCS Multistage Holdings 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 Holdings (NASDAQ:NCSM)

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