Montrose Environmental Group, Inc. (ONT) – What Are Analysts Saying About This Stock?

Montrose Environmental Group, Inc. (NYSE:ONT) has earned a consensus rating of “Reduce” from the six analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $18.50.

ONT has been the subject of several analyst reports. Barclays raised their price target on shares of Montrose Environmental Group from $15.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday. Wall Street Zen raised shares of Montrose Environmental Group from a “sell” rating to a “hold” rating in a report on Saturday. Bank of America cut shares of Montrose Environmental Group from a “neutral” rating to an “underperform” rating and set a $18.00 price target on the stock. in a report on Thursday, August 6th. Weiss Ratings downgraded Montrose Environmental Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, September 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on Montrose Environmental Group from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, October 8th.

Institutional Trading of Montrose Environmental Group

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in shares of Montrose Environmental Group by 5.2% during the first quarter. Principal Financial Group Inc. now owns 1,346,257 shares of the company’s stock worth $29,470,000 after purchasing an additional 66,543 shares in the last quarter. Hsbc Holdings PLC raised its stake in Montrose Environmental Group by 41.9% in the first quarter. Hsbc Holdings PLC now owns 15,228 shares of the company’s stock valued at $328,000 after purchasing an additional 4,493 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in Montrose Environmental Group by 3,733.3% in the first quarter. Hillsdale Investment Management Inc. now owns 11,500 shares of the company’s stock valued at $252,000 after purchasing an additional 11,200 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in Montrose Environmental Group during the first quarter valued at approximately $201,000. Hedge funds and other institutional investors own 87.87% of the company’s stock.

Montrose Environmental Group Trading Up 0.7%

Shares of ONT opened at $22.08 on Monday. The business’s 50-day moving average price is $15.76 and its 200-day moving average price is $19.25. Montrose Environmental Group has a twelve month low of $12.26 and a twelve month high of $30.00. The stock has a market cap of $775.38 million, a PE ratio of -73.60, a P/E/G ratio of 2.25 and a beta of 1.80. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.84.

Montrose Environmental Group (NYSE:ONT) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.33. The firm had revenue of $203.04 million for the quarter, compared to the consensus estimate of $201.10 million. Montrose Environmental Group had a negative net margin of 1.40% and a positive return on equity of 5.46%. On average, equities analysts forecast that Montrose Environmental Group will post 0.74 EPS for the current fiscal year.

Montrose Environmental Group Company Profile

Montrose Environmental Group, Inc is an environmental services company that helps industrial, commercial, government and other organizations address environmental compliance, sustainability and risk-management needs. Its services span the full project life cycle, from environmental assessment and permitting to monitoring, remediation and ongoing compliance support.

The company provides air quality and emissions testing, environmental laboratory services, consulting, engineering, water and waste management, environmental health and safety support, and remediation services.