Shares of Mistras Group Inc (NYSE:MG) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $31.20.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Mistras Group from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, January 9th. Stephens set a $24.00 target price on Mistras Group and gave the company a “hold” rating in a research report on Thursday, January 18th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $22.00 target price on shares of Mistras Group in a research report on Tuesday, March 13th.
Shares of NYSE MG traded down $0.55 during mid-day trading on Wednesday, hitting $20.07. The stock had a trading volume of 110,297 shares, compared to its average volume of 70,478. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.16 and a quick ratio of 2.05. Mistras Group has a twelve month low of $17.00 and a twelve month high of $23.83. The company has a market cap of $573.45, a price-to-earnings ratio of 46.67 and a beta of 1.13.
Mistras Group (NYSE:MG) last released its earnings results on Monday, March 12th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.08). Mistras Group had a negative net margin of 0.31% and a positive return on equity of 4.97%. The firm had revenue of $187.64 million during the quarter, compared to analyst estimates of $182.16 million. research analysts expect that Mistras Group will post 0.85 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in MG. Dimensional Fund Advisors LP grew its position in Mistras Group by 5.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,168,161 shares of the technology company’s stock worth $23,949,000 after purchasing an additional 57,126 shares during the period. Rockefeller Financial Services Inc. grew its position in Mistras Group by 6.8% during the 4th quarter. Rockefeller Financial Services Inc. now owns 861,468 shares of the technology company’s stock worth $20,219,000 after purchasing an additional 54,502 shares during the period. Comerica Bank grew its position in Mistras Group by 53.4% during the 4th quarter. Comerica Bank now owns 133,341 shares of the technology company’s stock worth $2,956,000 after purchasing an additional 46,432 shares during the period. Wedge Capital Management L L P NC grew its position in Mistras Group by 3.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 903,041 shares of the technology company’s stock worth $21,194,000 after purchasing an additional 31,053 shares during the period. Finally, Deutsche Bank AG grew its position in Mistras Group by 130.0% during the 4th quarter. Deutsche Bank AG now owns 39,695 shares of the technology company’s stock worth $930,000 after purchasing an additional 22,438 shares during the period. 61.58% of the stock is currently owned by institutional investors.
Mistras Group Company Profile
Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures.
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