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.

Mistras Group (NYSE:MG) last posted its earnings results on Monday, November 6th. The technology company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Mistras Group had a return on equity of 6.16% and a net margin of 0.68%. The firm had revenue of $179.57 million for the quarter, compared to analyst estimates of $172.28 million. research analysts expect that Mistras Group will post 0.46 EPS for the current fiscal year.

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.

TRADEMARK VIOLATION WARNING: This report was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/12/07/mistras-group-inc-mg-given-average-recommendation-of-hold-by-brokerages.html.

About Mistras Group

Analyst Recommendations for Mistras Group (NYSE:MG)

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