Shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) have received a consensus rating of “Buy” from the nine research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $29.00.

Several research firms recently weighed in on NCSM. Royal Bank Of Canada reiterated a “buy” rating and issued a $30.00 target price on shares of NCS Multistage Holdings in a research note on Thursday, July 20th. Piper Jaffray Companies began coverage on shares of NCS Multistage Holdings in a research note on Tuesday, May 23rd. They issued an “overweight” rating and a $28.00 target price for the company. Zacks Investment Research cut shares of NCS Multistage Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. J P Morgan Chase & Co began coverage on shares of NCS Multistage Holdings in a research note on Tuesday, May 23rd. They issued a “neutral” rating for the company. Finally, Raymond James Financial, Inc. began coverage on shares of NCS Multistage Holdings in a research note on Thursday, June 15th. They issued an “outperform” rating and a $30.00 target price for the company.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Investors Inc. PA acquired a new position in shares of NCS Multistage Holdings during the second quarter worth approximately $2,447,000. Jennison Associates LLC acquired a new position in shares of NCS Multistage Holdings during the second quarter worth approximately $11,549,000. Bank of New York Mellon Corp acquired a new position in shares of NCS Multistage Holdings during the second quarter worth approximately $742,000. LMR Partners LLP acquired a new position in shares of NCS Multistage Holdings during the second quarter worth approximately $557,000. Finally, Rhumbline Advisers acquired a new position in shares of NCS Multistage Holdings during the second quarter worth approximately $276,000. Hedge funds and other institutional investors own 0.34% of the company’s stock.

Shares of NCS Multistage Holdings (NASDAQ NCSM) traded down 0.37% during mid-day trading on Tuesday, reaching $21.31. The company’s stock had a trading volume of 104,678 shares. The company has a 50 day moving average price of $22.12 and a 200 day moving average price of $22.83. The stock’s market capitalization is $928.16 million. NCS Multistage Holdings has a 12 month low of $10.19 and a 12 month high of $29.07.

NCS Multistage Holdings Company Profile

NCS Multistage Holdings, Inc is a provider of engineered products and support services for oil and natural gas well completions and field development strategies. The Company’s products and services include Multistage Unlimited, casing-installed sliding sleeves, downhole frac isolation assembly, AirLock casing buoyancy system and liner hanger systems.

Analyst Recommendations for NCS Multistage Holdings (NASDAQ:NCSM)

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