Zacks Investment Research lowered shares of Mistras Group (NYSE:MG) from a buy rating to a hold rating in a report released on Saturday morning.
According to Zacks, “Mistras Group, Inc. is a global provider of technology-enabled, non-destructive testing (NDT) solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure. The Company delivers a portfolio of solutions, ranging from routine NDT inspections to plant-wide asset integrity assessment and management solutions. The Company serves a global customer base, including companies in the oil and gas, fossil and nuclear power generation and transmission, public infrastructure, chemicals, aerospace and defense, transportation, primary metals and metalworking, pharmaceuticals and food processing industries. “
A number of other analysts have also issued reports on MG. Robert W. Baird lowered Mistras Group from an outperform rating to a neutral rating and raised their price target for the stock from $21.00 to $22.00 in a research note on Monday, October 2nd. KeyCorp reissued a hold rating on shares of Mistras Group in a research note on Friday, October 6th. Goldman Sachs Group lowered Mistras Group from a neutral rating to a sell rating and decreased their price target for the stock from $45.00 to $41.00 in a research note on Monday, October 16th. Finally, Canaccord Genuity raised their price target on Mistras Group from $20.00 to $22.00 and gave the stock a hold rating in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $34.86.
Shares of Mistras Group (MG) opened at $22.71 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.08 and a current ratio of 2.21. The company has a market capitalization of $649.55, a price-to-earnings ratio of 162.23 and a beta of 1.19. Mistras Group has a 52 week low of $17.00 and a 52 week high of $24.52.
Mistras Group (NYSE:MG) last issued its quarterly earnings results on Monday, November 6th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Mistras Group had a return on equity of 6.16% and a net margin of 0.68%. The business had revenue of $179.57 million during the quarter, compared to analyst estimates of $172.28 million. research analysts expect that Mistras Group will post 0.48 EPS for the current year.
In other Mistras Group news, EVP Michael C. Keefe sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $22.80, for a total value of $91,200.00. Following the sale, the executive vice president now directly owns 38,761 shares of the company’s stock, valued at approximately $883,750.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 44.70% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in shares of Mistras Group by 0.4% in the 2nd quarter. Wells Fargo & Company MN now owns 14,422 shares of the technology company’s stock worth $317,000 after purchasing an additional 63 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Mistras Group by 0.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 14,481 shares of the technology company’s stock worth $318,000 after purchasing an additional 114 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Mistras Group by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,714 shares of the technology company’s stock worth $323,000 after purchasing an additional 487 shares during the period. Nationwide Fund Advisors raised its holdings in shares of Mistras Group by 5.8% in the 2nd quarter. Nationwide Fund Advisors now owns 14,630 shares of the technology company’s stock worth $321,000 after purchasing an additional 800 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Mistras Group by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,829 shares of the technology company’s stock worth $128,000 after purchasing an additional 874 shares during the period. Institutional investors own 61.94% of the company’s stock.
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Mistras Group Company Profile
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