Mistras Group Inc. (MG) Given Average Recommendation of “Hold” by Brokerages
Mistras Group Inc. (NYSE:MG) has received an average recommendation of “Hold” from the eight analysts that are covering the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $44.30.
Several research firms recently commented on MG. CIBC increased their price target on Mistras Group from $45.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, August 9th. Zacks Investment Research raised Mistras Group from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Friday, July 22nd. TD Securities cut their price target on Mistras Group from $51.00 to $46.00 and set a “buy” rating for the company in a report on Monday, July 11th. Finally, Robert W. Baird raised Mistras Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from $27.00 to $28.00 in a report on Friday, August 12th.
In other Mistras Group news, insider Dennis Bertolotti sold 21,000 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $24.97, for a total transaction of $524,370.00. Following the completion of the sale, the insider now owns 101,062 shares of the company’s stock, valued at $2,523,518.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 45.60% of the company’s stock.
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Large investors have recently bought and sold shares of the company. Bogle Investment Management L P DE purchased a new position in Mistras Group during the first quarter valued at approximately $2,591,000. Wellington Management Group LLP raised its position in Mistras Group by 2.7% in the first quarter. Wellington Management Group LLP now owns 2,881,038 shares of the company’s stock valued at $71,364,000 after buying an additional 74,746 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Mistras Group by 26.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 348,795 shares of the company’s stock valued at $8,326,000 after buying an additional 72,650 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Mistras Group by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 980,132 shares of the company’s stock valued at $23,395,000 after buying an additional 61,609 shares in the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in Mistras Group during the second quarter valued at approximately $1,318,000. 56.18% of the stock is owned by institutional investors.
Shares of Mistras Group (NYSE:MG) traded up 1.12% during midday trading on Monday, hitting $20.83. The company’s stock had a trading volume of 74,234 shares. The firm has a 50-day moving average of $23.21 and a 200 day moving average of $24.26. Mistras Group has a 12-month low of $18.13 and a 12-month high of $26.47. The firm has a market cap of $603.55 million, a price-to-earnings ratio of 25.72 and a beta of 1.20.
Mistras Group (NYSE:MG) last posted its quarterly earnings results on Thursday, October 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. Mistras Group had a return on equity of 10.22% and a net margin of 3.44%. The firm earned $168.40 million during the quarter. During the same period in the prior year, the business posted $0.23 EPS. Mistras Group’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities research analysts predict that Mistras Group will post $5.23 EPS for the current fiscal year.
Mistras Group Company Profile
Mistras Group, Inc is a provider of asset protection solutions. The Company offers one source for asset protection solutions to its customers. The Company has three segments: Services, Products and Systems, and International. The Company’s Services segment provides asset protection solutions consisting primarily of non-destructive testing and inspection, and engineering services that are used to evaluate the structural integrity and reliability of energy, industrial and public infrastructure.
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