NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

According to Zacks, “NCS Multistage Holdings, Inc. provides engineered products and support services for oil and natural gas well completions and field development strategies primarily in the United States and internationally. NCS Multistage Holdings Inc. is headquartered in Houston, Texas. “

A number of other brokerages have also recently commented on NCSM. Tudor Pickering began coverage on shares of NCS Multistage Holdings in a research note on Thursday, June 1st. They set a “buy” rating on the stock. Raymond James Financial, Inc. began coverage on shares of NCS Multistage Holdings in a research note on Thursday, June 15th. They set an “outperform” rating and a $30.00 price objective on the stock. Citigroup Inc. began coverage on shares of NCS Multistage Holdings in a research note on Thursday, June 15th. They set an “outperform” rating and a $30.00 price objective on the stock. Royal Bank Of Canada set a $29.00 price objective on shares of NCS Multistage Holdings and gave the stock a “buy” rating in a research note on Friday, June 30th. Finally, Credit Suisse Group began coverage on shares of NCS Multistage Holdings in a research note on Tuesday, May 23rd. They set an “outperform” rating and a $27.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $29.00.

Shares of NCS Multistage Holdings (NASDAQ:NCSM) traded up 0.09% during mid-day trading on Friday, reaching $21.86. 100,926 shares of the company traded hands. NCS Multistage Holdings has a 52 week low of $10.19 and a 52 week high of $29.07. The firm has a market capitalization of $952.11 million and a price-to-earnings ratio of 1040.95. The firm has a 50-day moving average price of $21.90 and a 200 day moving average price of $22.75.

NCS Multistage Holdings (NASDAQ:NCSM) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). The firm had revenue of $36.86 million for the quarter, compared to analyst estimates of $29.14 million. On average, analysts anticipate that NCS Multistage Holdings will post $0.32 earnings per share for the current year.

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Several large investors have recently modified their holdings of NCSM. Ameriprise Financial Inc. purchased a new stake in shares of NCS Multistage Holdings during the second quarter worth approximately $3,449,000. TIAA CREF Investment Management LLC bought a new stake in NCS Multistage Holdings during the second quarter worth about $1,821,000. Teachers Advisors LLC bought a new stake in NCS Multistage Holdings during the second quarter worth about $806,000. Alliancebernstein L.P. bought a new stake in NCS Multistage Holdings during the second quarter worth about $201,000. Finally, Wells Fargo & Company MN bought a new stake in NCS Multistage Holdings during the second quarter worth about $483,000. 0.34% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for NCS Multistage Holdings (NASDAQ:NCSM)

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