NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm currently has a $22.00 target price on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 7.90% from the stock’s previous close.

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 equities research analysts have also recently commented on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $30.00 target price on shares of NCS Multistage Holdings in a report on Thursday, July 20th. Citigroup Inc. assumed coverage on shares of NCS Multistage Holdings in a research note on Thursday, May 25th. They set a “buy” rating on the stock. Credit Suisse Group assumed 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 target on the stock. Tudor Pickering assumed coverage on shares of NCS Multistage Holdings in a research note on Thursday, June 1st. They set a “buy” rating on the stock. Finally, Raymond James Financial, Inc. assumed 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 target on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $27.83.

Shares of NCS Multistage Holdings (NASDAQ NCSM) traded down 4.32% during midday trading on Wednesday, reaching $20.39. The company’s stock had a trading volume of 36,589 shares. NCS Multistage Holdings has a 52 week low of $18.17 and a 52 week high of $29.07. The company has a 50 day moving average of $20.88 and a 200-day moving average of $22.22. The stock has a market capitalization of $888.09 million and a price-to-earnings ratio of 926.82.

NCS Multistage Holdings (NASDAQ:NCSM) last announced its earnings results on Tuesday, August 8th. The company reported ($0.09) EPS for the quarter, meeting analysts’ consensus estimates of ($0.09). The business had revenue of $36.86 million during the quarter, compared to analysts’ expectations of $29.14 million. Equities research analysts predict that NCS Multistage Holdings will post $0.34 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System acquired a new position in NCS Multistage Holdings during the second quarter worth about $494,000. The Manufacturers Life Insurance Company acquired a new position in NCS Multistage Holdings during the second quarter worth about $211,000. State Street Corp acquired a new position in NCS Multistage Holdings during the second quarter worth about $3,523,000. Goldman Sachs Group Inc. acquired a new position in NCS Multistage Holdings during the second quarter worth about $21,959,000. Finally, Pine River Capital Management L.P. acquired a new position in NCS Multistage Holdings during the second quarter worth about $1,259,000. Institutional investors own 91.57% of the company’s stock.

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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