Wall Street Zen cut shares of Mistras Group (NYSE:MG – Free Report) from a strong-buy rating to a buy rating in a research note published on Saturday.
A number of other equities research analysts have also weighed in on the company. Roth Capital began coverage on Mistras Group in a report on Thursday, April 30th. They issued a “buy” rating and a $22.00 price objective on the stock. Zacks Research downgraded Mistras Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Finally, Weiss Ratings raised Mistras Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.00.
Read Our Latest Stock Report on Mistras Group
Mistras Group Stock Down 0.9%
Mistras Group (NYSE:MG – Get Free Report) last announced its earnings results on Monday, August 10th. The technology company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. The company had revenue of $193.13 million for the quarter, compared to the consensus estimate of $189.66 million. Mistras Group had a return on equity of 14.66% and a net margin of 3.65%. As a group, research analysts expect that Mistras Group will post 1.04 earnings per share for the current year.
Institutional Investors Weigh In On Mistras Group
Several institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. increased its stake in Mistras Group by 249.4% in the first quarter. Sei Investments Co. now owns 204,840 shares of the technology company’s stock valued at $3,028,000 after purchasing an additional 146,222 shares during the last quarter. Royce & Associates LP lifted its position in Mistras Group by 5.8% during the fourth quarter. Royce & Associates LP now owns 1,421,087 shares of the technology company’s stock worth $17,977,000 after buying an additional 78,340 shares during the period. Lazard Asset Management LLC acquired a new stake in Mistras Group in the 1st quarter worth about $1,040,000. First Eagle Investment Management LLC acquired a new stake in Mistras Group in the 4th quarter worth about $977,000. Finally, Weber Capital Management LLC ADV purchased a new stake in Mistras Group in the 4th quarter valued at about $18,749,000. 74.92% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting Mistras Group
Here are the key news stories impacting Mistras Group this week:
- Positive Sentiment: Sidoti raised its Mistras estimates for FY2026 EPS to $1.07 from $1.04 and FY2027 EPS to $1.35 from $1.30. The firm also increased its Q4 2026 estimate to $0.33 from $0.27, Q2 2027 to $0.40 from $0.36, and Q4 2027 to $0.38 from $0.36. These revisions indicate improving expectations for the company’s medium-term profitability. MarketBeat analyst estimates
- Positive Sentiment: Zacks highlighted a consensus price target implying approximately 26% potential upside for MG. While Zacks cautioned that price targets alone are not reliable predictors, it said improving earnings-estimate revisions could support near-term upside. Wall Street analysts see upside in Mistras
- Neutral Sentiment: Zacks’ value-investing analysis compared Mistras with KLA and examined which stock appears more attractively valued. The article does not represent a new company announcement or a material change in MG’s fundamentals. MG versus KLAC value comparison
- Negative Sentiment: Sidoti lowered its Q3 2026 EPS forecast to $0.38 from $0.42 and trimmed its Q3 2027 estimate to $0.45 from $0.46. These isolated cuts modestly temper the otherwise positive outlook.
About Mistras Group
Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.
In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.
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