Mistras Group Inc (MG) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Mistras Group Inc (NYSE:MG) have received an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $36.33.
MG has been the topic of a number of research reports. Canaccord Genuity dropped their price target on Mistras Group from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, August 10th. Robert W. Baird dropped their price target on Mistras Group from $24.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Mistras Group from a “sell” rating to a “hold” rating in a research report on Saturday. KeyCorp reiterated a “hold” rating on shares of Mistras Group in a research report on Friday, October 6th. Finally, BidaskClub cut Mistras Group from a “hold” rating to a “sell” rating in a research report on Friday, August 18th.
Mistras Group (MG) traded up $0.10 during trading on Friday, reaching $22.37. The company had a trading volume of 41,800 shares, compared to its average volume of 67,932. The firm has a market capitalization of $632.87, a price-to-earnings ratio of 39.95 and a beta of 1.16. Mistras Group has a 52-week low of $17.00 and a 52-week high of $26.46. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.20.
Mistras Group (NYSE:MG) last issued its quarterly earnings results on Monday, November 6th. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The business had revenue of $179.57 million during the quarter, compared to analysts’ expectations of $172.28 million. Mistras Group had a net margin of 0.68% and a return on equity of 6.12%. equities research analysts forecast that Mistras Group will post 0.46 EPS for the current fiscal year.
In related news, EVP Michael C. Keefe sold 4,462 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $18.05, for a total transaction of $80,539.10. Following the completion of the sale, the executive vice president now directly owns 47,223 shares in the company, valued at $852,375.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Jonathan H. Wolk acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were purchased at an average price of $17.41 per share, with a total value of $43,525.00. Following the completion of the acquisition, the chief operating officer now owns 83,589 shares of the company’s stock, valued at approximately $1,455,284.49. The disclosure for this purchase can be found here. Company insiders own 44.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of MG. Bank of New York Mellon Corp raised its holdings in Mistras Group by 4.3% during the first quarter. Bank of New York Mellon Corp now owns 90,663 shares of the technology company’s stock valued at $1,938,000 after buying an additional 3,728 shares in the last quarter. American International Group Inc. raised its holdings in Mistras Group by 7.0% during the first quarter. American International Group Inc. now owns 10,557 shares of the technology company’s stock valued at $226,000 after buying an additional 694 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Mistras Group by 14.6% during the first quarter. PNC Financial Services Group Inc. now owns 14,367 shares of the technology company’s stock valued at $307,000 after buying an additional 1,825 shares in the last quarter. Vanguard Group Inc. raised its holdings in Mistras Group by 6.7% during the first quarter. Vanguard Group Inc. now owns 1,352,110 shares of the technology company’s stock valued at $28,908,000 after buying an additional 85,240 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Mistras Group by 12.9% during the first quarter. Geode Capital Management LLC now owns 135,111 shares of the technology company’s stock valued at $2,887,000 after buying an additional 15,447 shares in the last quarter. Institutional investors own 60.89% of the company’s stock.
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About Mistras Group
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