NCS Multistage Holdings, Inc. (NASDAQ:NCSM) was upgraded by equities researchers at Raymond James Financial, Inc. from an “outperform” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

Several other equities research analysts have also issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $30.00 price target on shares of NCS Multistage Holdings in a report on Thursday, July 20th. 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 report on Wednesday, September 6th. Finally, Citigroup Inc. set a $32.00 target price on shares of NCS Multistage Holdings and gave the stock a “buy” rating in a research report on Thursday, October 5th. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. NCS Multistage Holdings has an average rating of “Buy” and an average target price of $27.43.

Shares of NCS Multistage Holdings (NASDAQ:NCSM) traded down $4.60 during trading on Wednesday, hitting $16.14. 851,400 shares of the company traded hands, compared to its average volume of 135,206. NCS Multistage Holdings has a 12 month low of $15.01 and a 12 month high of $29.07.

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

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Beck Capital Management LLC lifted its position in shares of NCS Multistage Holdings by 8.6% in the 3rd quarter. Beck Capital Management LLC now owns 32,036 shares of the company’s stock worth $771,000 after purchasing an additional 2,525 shares during the period. Bank of New York Mellon Corp lifted its position in shares of NCS Multistage Holdings by 10.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 32,455 shares of the company’s stock worth $781,000 after purchasing an additional 3,000 shares during the period. Strs Ohio lifted its position in shares of NCS Multistage Holdings by 131.3% in the 3rd quarter. Strs Ohio now owns 7,400 shares of the company’s stock worth $178,000 after purchasing an additional 4,200 shares during the period. Nationwide Fund Advisors acquired a new position in shares of NCS Multistage Holdings in the 2nd quarter worth approximately $157,000. Finally, Alliancebernstein L.P. acquired a new position in shares of NCS Multistage Holdings in the 2nd quarter worth approximately $201,000. Hedge funds and other institutional investors own 95.24% 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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