NCS Multistage Holdings, Inc. (NASDAQ:NCSM) has been given a $32.00 price objective by equities researchers at Citigroup Inc. in a report released on Thursday. The brokerage presently has a “buy” rating on the stock. Citigroup Inc.’s price objective points to a potential upside of 40.97% from the stock’s current price.

NCSM has been the topic of several other research reports. Zacks Investment Research upgraded shares of NCS Multistage Holdings from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Wednesday, September 6th. Royal Bank Of Canada set a $29.00 price target on shares of NCS Multistage Holdings and gave the stock a “buy” rating in a research report on Friday, June 30th. Finally, Raymond James Financial, Inc. began coverage on shares of NCS Multistage Holdings in a research report on Thursday, June 15th. They set an “outperform” rating and a $30.00 price target on the stock. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $28.83.

Shares of NCS Multistage Holdings (NASDAQ NCSM) traded down 2.20% during mid-day trading on Thursday, reaching $22.70. 91,404 shares of the company traded hands. The stock has a market capitalization of $988.72 million and a PE ratio of 445.10. The stock’s 50 day moving average is $21.54 and its 200 day moving average is $22.34. NCS Multistage Holdings has a 52-week low of $18.17 and a 52-week high of $29.07.

NCS Multistage Holdings (NASDAQ:NCSM) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.09). The company 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 $0.36 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors acquired a new position in NCS Multistage Holdings during the 2nd quarter valued at about $157,000. Alliancebernstein L.P. acquired a new position in NCS Multistage Holdings during the 2nd quarter valued at about $201,000. The Manufacturers Life Insurance Company acquired a new position in NCS Multistage Holdings during the 2nd quarter valued at about $211,000. Parametric Portfolio Associates LLC acquired a new position in NCS Multistage Holdings during the 2nd quarter valued at about $257,000. Finally, Rhumbline Advisers acquired a new position in NCS Multistage Holdings during the 2nd quarter valued at about $276,000. 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.

Analyst Recommendations for NCS Multistage Holdings (NASDAQ:NCSM)

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