Shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) have earned an average recommendation of “Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $29.40.

Several equities research analysts have weighed in on NCSM shares. Royal Bank Of Canada reissued a “buy” rating and issued a $30.00 price target on shares of NCS Multistage Holdings in a report on Thursday, July 20th. Zacks Investment Research upgraded NCS Multistage Holdings from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, September 6th. Finally, Citigroup Inc. set a $32.00 price target on NCS Multistage Holdings and gave the company a “buy” rating in a research report on Thursday, October 5th.

COPYRIGHT VIOLATION WARNING: This news story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/22/ncs-multistage-holdings-inc-ncsm-receives-consensus-rating-of-buy-from-analysts.html.

A number of hedge funds and other institutional investors have recently modified their holdings of NCSM. Nationwide Fund Advisors acquired a new position in shares of NCS Multistage Holdings during the 2nd quarter worth about $157,000. Alliancebernstein L.P. acquired a new stake in shares of NCS Multistage Holdings in the 2nd quarter valued at about $201,000. The Manufacturers Life Insurance Company acquired a new stake in shares of NCS Multistage Holdings in the 2nd quarter valued at about $211,000. Parametric Portfolio Associates LLC acquired a new stake in shares of NCS Multistage Holdings in the 2nd quarter valued at about $257,000. Finally, Rhumbline Advisers acquired a new stake in shares of NCS Multistage Holdings in the 2nd quarter valued at about $276,000. Institutional investors own 91.57% of the company’s stock.

NCS Multistage Holdings (NASDAQ:NCSM) traded down 3.97% during mid-day trading on Friday, reaching $20.57. 91,553 shares of the company traded hands. The company’s 50 day moving average price is $22.12 and its 200 day moving average price is $22.26. The firm has a market capitalization of $895.93 million and a P/E ratio of 935.00. NCS Multistage Holdings has a 12-month low of $18.17 and a 12-month high of $29.07.

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

About NCS Multistage Holdings

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)

Receive News & Ratings for NCS Multistage Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCS Multistage Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.