NCS Multistage Holdings, Inc. (NCSM) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) from a hold rating to a buy rating in a research report sent to investors on Wednesday, November 1st. Zacks Investment Research currently has $24.00 target price on the stock.

According to Zacks, “NCS Multistage Holdings, Inc. provides engineered products and support services for oil and natural gas well completions and field development strategies primarily in the United States and internationally. NCS Multistage Holdings Inc. is headquartered in Houston, Texas. “

NCSM has been the subject of several other research reports. Royal Bank Of Canada set a $30.00 price objective on NCS Multistage Holdings and gave the stock a buy rating in a report on Saturday, October 7th. Citigroup Inc. set a $32.00 target price on NCS Multistage Holdings and gave the stock a buy rating in a research note on Thursday, October 5th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. NCS Multistage Holdings presently has an average rating of Buy and a consensus price target of $28.50.

Shares of NCS Multistage Holdings (NASDAQ NCSM) opened at $21.23 on Wednesday. NCS Multistage Holdings has a 12-month low of $18.17 and a 12-month high of $29.07.

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Institutional investors and hedge funds have recently modified their holdings of the company. Nationwide Fund Advisors bought a new stake in shares of NCS Multistage Holdings during the 2nd quarter valued at about $157,000. Strs Ohio lifted its position in NCS Multistage Holdings by 131.3% in the 3rd quarter. Strs Ohio now owns 7,400 shares of the company’s stock worth $178,000 after buying an additional 4,200 shares during the last quarter. Alliancebernstein L.P. bought a new stake in NCS Multistage Holdings in the 2nd quarter worth approximately $201,000. The Manufacturers Life Insurance Company bought a new stake in NCS Multistage Holdings in the 2nd quarter worth approximately $211,000. Finally, Parametric Portfolio Associates LLC bought a new stake in NCS Multistage Holdings in the 2nd quarter worth approximately $257,000. Hedge funds and other institutional investors own 95.24% of the company’s stock.

About NCS Multistage Holdings

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.

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Analyst Recommendations for NCS Multistage Holdings (NASDAQ:NCSM)

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