NCS Multistage Holdings, Inc. (NCSM) Receives Consensus Rating of “Buy” from Analysts
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.
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.
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