Share on StockTwits
 

Shares of Matrix Service (NASDAQ:MTRX) hit a new 52-week high on Friday, Analyst Ratings Network.com reports. The company traded as high as $32.92 and last traded at $30.75, with a volume of 613,179 shares trading hands. The stock had previously closed at $31.92.

MTRX has been the subject of a number of recent research reports. 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 five have issued a buy rating to the company. Matrix Service has a consensus rating of “Buy” and a consensus target price of $27.50.

Matrix Service has a 52-week low of $12.52 and a 52-week high of $32.12. The stock has a 50-day moving average of $25. and a 200-day moving average of $20.5. The company has a market cap of $806.0 million and a P/E ratio of 32.57.

Matrix Service (NASDAQ:MTRX) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.11. The company had revenue of $311.00 million for the quarter, compared to the consensus estimate of $245.25 million. During the same quarter last year, the company posted $0.21 earnings per share. Matrix Service’s revenue was up 40.5% compared to the same quarter last year.

Matrix Service Company provides engineering, fabrication, construction and maintenance services primarily to oil, gas, power, petrochemical, industrial and mining and minerals markets.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.