Mistras Group (NYSE:MG) Rating Increased to Buy at ValuEngine
A number of other equities research analysts have also issued reports on the stock. TheStreet raised shares of Mistras Group from a d+ rating to a c- rating in a report on Wednesday, June 26th. Credit Suisse Group started coverage on shares of Mistras Group in a report on Thursday, June 27th. They issued a neutral rating and a $55.00 price objective for the company. Finally, Zacks Investment Research raised shares of Mistras Group from a sell rating to a hold rating in a report on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $31.50.
Shares of MG opened at $16.04 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.60 and a debt-to-equity ratio of 0.97. Mistras Group has a 12-month low of $12.38 and a 12-month high of $22.18. The firm has a 50-day moving average price of $15.36 and a 200 day moving average price of $14.44. The firm has a market capitalization of $463.13 million, a P/E ratio of 29.16, a P/E/G ratio of 1.46 and a beta of 1.21.
Several institutional investors and hedge funds have recently made changes to their positions in MG. BNP Paribas Arbitrage SA boosted its stake in Mistras Group by 667.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,082 shares of the technology company’s stock worth $56,000 after buying an additional 3,550 shares during the period. SG Americas Securities LLC purchased a new position in Mistras Group during the second quarter worth about $103,000. CHICAGO TRUST Co NA purchased a new position in Mistras Group during the second quarter worth about $145,000. Prudential Financial Inc. boosted its stake in Mistras Group by 9.0% during the second quarter. Prudential Financial Inc. now owns 10,919 shares of the technology company’s stock worth $157,000 after buying an additional 900 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Mistras Group by 10.2% during the second quarter. Envestnet Asset Management Inc. now owns 21,227 shares of the technology company’s stock worth $305,000 after buying an additional 1,965 shares during the period. 58.58% of the stock is owned by hedge funds and other institutional investors.
About Mistras Group
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 testing program services; and engineering consulting services.
Recommended Story: How is inflation measured?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Mistras Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mistras Group and related companies with MarketBeat.com's FREE daily email newsletter.