Mistras Group (NYSE:MG) has been given a $24.00 price target by stock analysts at Stephens in a research report issued on Thursday. The brokerage currently has a “hold” rating on the technology company’s stock. Stephens’ price objective would indicate a potential upside of 6.71% from the stock’s previous close.

MG has been the topic of a number of other reports. Zacks Investment Research downgraded Mistras Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 30th. Goldman Sachs Group downgraded Mistras Group from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $45.00 to $41.00 in a research report on Monday, October 16th. Robert W. Baird downgraded Mistras Group from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $21.00 to $22.00 in a research report on Monday, October 2nd. Canaccord Genuity reiterated a “hold” rating and issued a $22.00 target price on shares of Mistras Group in a research report on Friday, December 22nd. Finally, KeyCorp restated a “hold” rating on shares of Mistras Group in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.38.

Mistras Group (NYSE MG) traded up $0.05 during trading hours on Thursday, hitting $22.49. The company had a trading volume of 237,448 shares, compared to its average volume of 56,382. The company has a quick ratio of 2.08, a current ratio of 2.21 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $636.26, a P/E ratio of -1,124.50 and a beta of 1.19. Mistras Group has a 12 month low of $17.00 and a 12 month high of $24.00.

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

In other Mistras Group news, EVP Michael C. Keefe sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $22.80, for a total transaction of $91,200.00. Following the sale, the executive vice president now directly owns 38,761 shares in the company, valued at $883,750.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 44.70% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Citigroup Inc. raised its position in Mistras Group by 964.9% during the second quarter. Citigroup Inc. now owns 4,728 shares of the technology company’s stock valued at $104,000 after purchasing an additional 4,284 shares during the period. Victory Capital Management Inc. grew its stake in shares of Mistras Group by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,829 shares of the technology company’s stock valued at $128,000 after buying an additional 874 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Mistras Group during the second quarter valued at approximately $199,000. California Public Employees Retirement System bought a new position in shares of Mistras Group during the second quarter valued at approximately $204,000. Finally, Alliancebernstein L.P. bought a new position in shares of Mistras Group during the second quarter valued at approximately $260,000. Institutional investors and hedge funds own 61.94% of the company’s stock.

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About Mistras Group

Mistras Group, Inc offers asset protection solutions and is a provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The Company’s segments are Services segment, which provides asset protection solutions in North America with concentration on the United States along with a Canadian services business, consisting of non-destructive testing, and inspection and engineering services that are used to evaluate structural integrity and reliability of critical energy, industrial and public infrastructure; International segment, which offers services, products and systems similar to those of its Services and Products and Systems segments to markets in Europe, the Middle East, Africa, Asia and South America, and Products and Systems segment, which designs, manufactures, sells, installs and services asset protection products and systems, including equipment and instrumentation.

Analyst Recommendations for Mistras Group (NYSE:MG)

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