Mistras Group Upgraded to Overweight at Stephens (MG)
Mistras Group (NYSE:MG) was upgraded by stock analysts at Stephens from an “equal weight” rating to an “overweight” rating in a report issued on Friday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Merrill Lynch upgraded shares of Mistras Group to a “buy” rating in a research note to investors on Tuesday. Separately, 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. Finally, analysts at TheStreet upgraded shares of Mistras Group to a “buy” rating in a research note to investors on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $22.10.
Mistras Group (NYSE:MG) opened at 24.23 on Friday. Mistras Group has a 52-week low of $15.99 and a 52-week high of $24.60. The stock’s 50-day moving average is $20.4 and its 200-day moving average is $18.53. The company has a market cap of $687.5 million and a P/E ratio of 51.00.
Mistras Group (NYSE:MG) last announced its earnings results on Thursday, January 9th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.03. The company had revenue of $156.80 million for the quarter, compared to the consensus estimate of $154.99 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Analysts expect that Mistras Group will post $0.84 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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