Matrix Service Co. Reaches New 12-Month High at $27.88 (MTRX)
Matrix Service (NASDAQ:MTRX) set a new 52-week high during trading hours on Wednesday, AnalystRatingsNetwork reports. The company traded as high as $27.88 and last traded at $27.82, with a volume of 122,897 shares. The stock had previously closed at $27.05.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Matrix Service from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 16th. They now have a $28.00 price target on the stock. Separately, analysts at DA Davidson raised their price target on shares of Matrix Service from $26.00 to $27.00 in a research note to investors on Tuesday, December 10th. They now have a “buy” rating on the stock. Finally, analysts at DA Davidson raised their price target on shares of Matrix Service from $25.00 to $26.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Matrix Service currently has a consensus rating of “Buy” and a consensus price target of $24.33.
Matrix Service has a one year low of $12.52 and a one year high of $27.35. The stock has a 50-day moving average of $23.79 and a 200-day moving average of $19.75. The company has a market cap of $725.3 million and a price-to-earnings ratio of 27.60.
Matrix Service (NASDAQ:MTRX) last released its earnings data on Thursday, November 7th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $226.20 million for the quarter, compared to the consensus estimate of $238.81 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts predict that Matrix Service will post $1.14 earnings per share for the current fiscal year.
Matrix Service Company provides engineering, fabrication, construction and maintenance services primarily to oil, gas, power, petrochemical, industrial and mining and minerals markets.
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