Mistras Group Stock Rating Upgraded by Merrill Lynch (MG)
Mistras Group (NYSE:MG) was upgraded by equities researchers at Merrill Lynch to a “buy” rating in a research report issued on Tuesday, Analyst Ratings.Net reports.
A number of other firms have also recently commented on MG. Analysts at Bank of America Corp. upgraded shares of Mistras Group from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $28.00 price target on the stock, up previously from $19.00. Analysts at TheStreet upgraded shares of Mistras Group to a “buy” rating in a research note to investors on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $22.10.
Mistras Group (NYSE:MG) traded up 3.08% during mid-day trading on Tuesday, hitting $21.45. The stock had a trading volume of 129,291 shares. Mistras Group has a 52 week low of $15.99 and a 52 week high of $24.50. The stock’s 50-day moving average is $20.1 and its 200-day moving average is $18.45. The company has a market cap of $608.6 million and a P/E ratio of 47.30.
Mistras Group (NYSE:MG) last released its earnings data on Wednesday, October 9th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. The company had revenue of $135.80 million for the quarter, compared to the consensus estimate of $130.10 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. Analysts expect that Mistras Group will post $0.82 EPS for the current fiscal year.
Mistras Group, Inc (NYSE:MG) is a global provider of technology-enabled asset protection solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure.
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