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.
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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.
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