Mistras Group (NYSE:MG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage currently has a $25.00 target price on the technology company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 11.46% from the stock’s previous close.

According to Zacks, “Mistras Group, Inc. is a global provider of technology-enabled, non-destructive testing (NDT) solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure. The Company delivers a portfolio of solutions, ranging from routine NDT inspections to plant-wide asset integrity assessment and management solutions. The Company serves a global customer base, including companies in the oil and gas, fossil and nuclear power generation and transmission, public infrastructure, chemicals, aerospace and defense, transportation, primary metals and metalworking, pharmaceuticals and food processing industries. “

MG has been the subject of a number of other reports. Canaccord Genuity restated a “hold” rating and set a $22.00 price target on shares of Mistras Group in a report on Friday, December 22nd. Goldman Sachs Group cut shares of Mistras Group from a “neutral” rating to a “sell” rating and decreased their price target for the company from $45.00 to $41.00 in a report on Monday, October 16th. KeyCorp restated a “hold” rating on shares of Mistras Group in a report on Friday, October 6th. Finally, Robert W. Baird cut shares of Mistras Group from an “outperform” rating to a “neutral” rating and upped their price target for the company from $21.00 to $22.00 in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $34.71.

Shares of Mistras Group (NYSE MG) opened at $22.43 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 2.08 and a debt-to-equity ratio of 0.41. Mistras Group has a fifty-two week low of $17.00 and a fifty-two week high of $24.00. The stock has a market cap of $641.92, a PE ratio of 160.23 and a beta of 1.19.

Mistras Group (NYSE:MG) last released its quarterly earnings results on Monday, November 6th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Mistras Group had a net margin of 0.68% and a return on equity of 6.16%. The firm had revenue of $179.57 million for the quarter, compared to the consensus estimate of $172.28 million. equities research analysts predict that Mistras Group will post 0.48 EPS for the current fiscal year.

In related news, EVP Michael C. Keefe sold 4,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $22.80, for a total value of $91,200.00. Following the completion of the sale, the executive vice president now owns 38,761 shares in the company, valued at $883,750.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 44.70% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Broad Run Investment Management LLC raised its position in Mistras Group by 1.7% in 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 purchasing an additional 26,989 shares in the last quarter. Vanguard Group Inc. raised its position in Mistras Group by 2.5% in 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 in the last quarter. Dimensional Fund Advisors LP raised its position in Mistras Group by 5.1% in 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 in the last quarter. Wedge Capital Management L L P NC raised its position in Mistras Group by 10.5% in 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 in the last quarter. Finally, Engine Capital Management LLC increased its holdings in shares of Mistras Group by 22.6% during the third quarter. Engine Capital Management LLC now owns 381,008 shares of the technology company’s stock worth $7,811,000 after buying an additional 70,218 shares in the last quarter. 61.94% of the stock is owned by hedge funds and other institutional investors.

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