BidaskClub Upgrades NCS Multistage (NCSM) to Hold

NCS Multistage (NASDAQ:NCSM) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada set a $30.00 price target on shares of NCS Multistage and gave the company a “buy” rating in a research report on Saturday, October 7th. Citigroup set a $32.00 price target on shares of NCS Multistage and gave the company a “buy” rating in a research report on Thursday, October 5th. Zacks Investment Research raised shares of NCS Multistage from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, September 27th. Piper Jaffray Companies set a $20.00 price target on shares of NCS Multistage and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, Credit Suisse Group dropped their price target on shares of NCS Multistage from $27.00 to $23.00 and set an “outperform” rating for the company in a research report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $25.14.

Shares of NCS Multistage (NASDAQ:NCSM) opened at $17.44 on Friday. The firm has a market cap of $759.62 and a price-to-earnings ratio of 193.78. 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 12-month low of $13.85 and a 12-month high of $29.07.

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

A number of hedge funds and other institutional investors have recently modified their holdings of NCSM. FMR LLC bought a new position in NCS Multistage in the 2nd quarter worth $55,521,000. Lazard Asset Management LLC bought a new position in NCS Multistage in the 2nd quarter worth $38,015,000. Boston Partners bought a new position in NCS Multistage in the 3rd quarter worth $22,021,000. Goldman Sachs Group Inc. bought a new position in NCS Multistage in the 2nd quarter worth $21,959,000. Finally, Vanguard Group Inc. bought a new position in NCS Multistage in the 2nd quarter worth $13,697,000. Institutional investors and hedge funds own 93.02% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2018/01/05/bidaskclub-upgrades-ncs-multistage-ncsm-to-hold.html.

About NCS Multistage

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)

Receive News & Ratings for NCS Multistage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCS Multistage and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply