Mistras Group Inc (MG) Given Average Recommendation of “Hold” by Brokerages
Shares of Mistras Group Inc (NYSE:MG) have earned an average rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $34.71.
MG has been the subject of a number of research reports. KeyCorp reissued a “hold” rating on shares of Mistras Group in a report on Friday, October 6th. Canaccord Genuity lifted their target price on Mistras Group from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Tuesday, November 7th. Robert W. Baird dropped their target price on Mistras Group from $24.00 to $19.00 and set an “outperform” rating for the company in a report on Wednesday, August 9th. Zacks Investment Research downgraded Mistras Group from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Goldman Sachs Group downgraded Mistras Group from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $45.00 to $41.00 in a report on Monday, October 16th.
Mistras Group (NYSE:MG) traded down $0.23 during mid-day trading on Thursday, reaching $22.49. 75,400 shares of the company’s stock were exchanged, compared to its average volume of 77,498. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.08 and a current ratio of 2.21. Mistras Group has a 1 year low of $17.00 and a 1 year high of $26.46. The company has a market capitalization of $642.77, a PE ratio of 40.57 and a beta of 1.18.
In related news, EVP Michael C. Keefe sold 4,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $22.80, for a total value of $91,200.00. Following the completion of the transaction, the executive vice president now owns 38,761 shares of the company’s stock, valued at $883,750.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 44.70% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Broad Run Investment Management LLC raised its stake in Mistras Group by 1.7% during the second quarter. Broad Run Investment Management LLC now owns 1,577,235 shares of the technology company’s stock worth $34,652,000 after acquiring an additional 26,989 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Mistras Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 1,386,429 shares of the technology company’s stock worth $30,460,000 after purchasing an additional 34,319 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Mistras Group by 5.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,168,161 shares of the technology company’s stock worth $23,949,000 after purchasing an additional 57,126 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Mistras Group by 10.5% during the third quarter. Wedge Capital Management L L P NC now owns 871,988 shares of the technology company’s stock worth $17,876,000 after purchasing an additional 83,012 shares during the last quarter. Finally, Bernzott Capital Advisors grew its holdings in shares of Mistras Group by 5.1% during the second quarter. Bernzott Capital Advisors now owns 635,161 shares of the technology company’s stock worth $13,954,000 after purchasing an additional 30,985 shares during the last quarter. 62.14% of the stock is owned by hedge funds and other institutional investors.
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About Mistras Group
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