NCS Multistage Holdings, Inc. (NASDAQ:NCSM) had its price objective reduced by investment analysts at Credit Suisse Group from $27.00 to $23.00 in a research report issued on Wednesday. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group’s price target points to a potential upside of 42.50% from the company’s previous close.

NCSM has been the topic of a number of other reports. Zacks Investment Research raised 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 note on Wednesday, September 6th. Royal Bank Of Canada reduced their price target on shares of NCS Multistage Holdings from $30.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday. Citigroup Inc. set a $32.00 price target on shares of NCS Multistage Holdings and gave the company a “buy” rating in a research note on Thursday, October 5th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $30.00 price target (down from $35.00) on shares of NCS Multistage Holdings in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. NCS Multistage Holdings has a consensus rating of “Buy” and a consensus target price of $27.43.

Shares of NCS Multistage Holdings (NASDAQ:NCSM) traded down $4.60 during mid-day trading on Wednesday, reaching $16.14. 851,400 shares of the company’s stock were exchanged, compared to its average volume of 135,206. NCS Multistage Holdings has a one year low of $15.01 and a one year high of $29.07.

NCS Multistage Holdings (NASDAQ:NCSM) last issued its earnings results on Monday, November 13th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The business had revenue of $55.96 million for the quarter, compared to the consensus estimate of $58.92 million. equities analysts predict that NCS Multistage Holdings will post 0.34 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors purchased a new stake in shares of NCS Multistage Holdings in the 2nd quarter valued at approximately $157,000. Strs Ohio increased its stake in NCS Multistage Holdings by 131.3% during the 3rd quarter. Strs Ohio now owns 7,400 shares of the company’s stock worth $178,000 after buying an additional 4,200 shares during the period. Alliancebernstein L.P. purchased a new stake in NCS Multistage Holdings during the 2nd quarter worth approximately $201,000. The Manufacturers Life Insurance Company purchased a new stake in NCS Multistage Holdings during the 2nd quarter worth approximately $211,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in NCS Multistage Holdings during the 2nd quarter worth approximately $257,000. 95.24% 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.

Analyst Recommendations for NCS Multistage Holdings (NASDAQ:NCSM)

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