Mistras Group (NYSE:MG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Canaccord Genuity in a report released on Tuesday, March 13th. They currently have a $22.00 price target on the technology company’s stock. Canaccord Genuity’s price objective points to a potential upside of 13.34% from the stock’s previous close.
The analysts wrote, “We introduce 2019 numbers while maintaining a HOLD rating and $22 price target. We could get more constructive with our rating as Safran ramps mid-year and comparisons begin to ease.””
A number of other research analysts also recently commented on MG. Zacks Investment Research downgraded shares of Mistras Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 30th. Stephens set a $24.00 target price on shares of Mistras Group and gave the company a “hold” rating in a research report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Mistras Group currently has a consensus rating of “Hold” and a consensus target price of $30.17.
Mistras Group stock opened at $19.41 on Tuesday. The company has a market cap of $550.54, a PE ratio of 43.24 and a beta of 1.21. Mistras Group has a 12 month low of $17.00 and a 12 month high of $23.83. The company has a quick ratio of 2.05, a current ratio of 2.16 and a debt-to-equity ratio of 0.64.
Mistras Group (NYSE:MG) last posted its earnings results on Monday, March 12th. The technology company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). The business had revenue of $187.64 million for the quarter, compared to analysts’ expectations of $182.16 million. Mistras Group had a negative net margin of 0.31% and a positive return on equity of 4.97%. analysts forecast that Mistras Group will post 0.84 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Mistras Group by 5.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,168,161 shares of the technology company’s stock valued at $23,949,000 after buying an additional 57,126 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Mistras Group by 3.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 903,041 shares of the technology company’s stock valued at $21,194,000 after buying an additional 31,053 shares in the last quarter. Rockefeller Financial Services Inc. boosted its holdings in shares of Mistras Group by 6.8% in the 4th quarter. Rockefeller Financial Services Inc. now owns 861,468 shares of the technology company’s stock valued at $20,219,000 after buying an additional 54,502 shares in the last quarter. Engine Capital Management LLC boosted its holdings in shares of Mistras Group by 22.6% in the 3rd quarter. Engine Capital Management LLC now owns 381,008 shares of the technology company’s stock valued at $7,811,000 after buying an additional 70,218 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Mistras Group by 8.7% in the 2nd quarter. State Street Corp now owns 336,177 shares of the technology company’s stock valued at $7,391,000 after buying an additional 26,796 shares in the last quarter. Institutional investors and hedge funds own 62.68% of the company’s stock.
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About Mistras Group
Mistras Group, Inc offers asset protection solutions and is a provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The Company’s segments are Services segment, which provides asset protection solutions in North America with concentration on the United States along with a Canadian services business, consisting of non-destructive testing, and inspection and engineering services that are used to evaluate structural integrity and reliability of critical energy, industrial and public infrastructure; International segment, which offers services, products and systems similar to those of its Services and Products and Systems segments to markets in Europe, the Middle East, Africa, Asia and South America, and Products and Systems segment, which designs, manufactures, sells, installs and services asset protection products and systems, including equipment and instrumentation.
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