Royal Bank of Canada set a $17.00 price target on NCS Multistage (NASDAQ:NCSM) in a research report report published on Thursday. The firm currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of NCS Multistage from a buy rating to a hold rating in a research report on Thursday, September 7th. Piper Jaffray Companies set a $20.00 price objective on shares of NCS Multistage and gave the stock a buy rating in a research report on Thursday. Wells Fargo & Co reiterated an outperform rating and issued a $30.00 price objective (down previously from $35.00) on shares of NCS Multistage in a research report on Wednesday, November 15th. Credit Suisse Group decreased their price objective 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. Finally, Raymond James Financial upgraded shares of NCS Multistage from an outperform rating to a strong-buy rating in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $25.14.

NCS Multistage (NASDAQ:NCSM) opened at $14.99 on Thursday. The stock has a market cap of $652.90 and a price-to-earnings ratio of 166.56. NCS Multistage has a 1 year low of $13.85 and a 1 year high of $29.07. 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 (NASDAQ:NCSM) last posted its earnings results on Monday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The business had revenue of $55.96 million for the quarter, compared to analyst estimates of $58.92 million. NCS Multistage had a net margin of 2.42% and a return on equity of 2.22%. equities analysts anticipate that NCS Multistage will post 0.2 EPS for the current fiscal year.

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

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NCS Multistage Company Profile

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)

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