Shares of Mistras Group Inc (NYSE:MG) have received an average recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $39.86.
Several analysts recently issued reports on MG shares. Scotiabank reissued an “outperform” rating and issued a $65.00 price target on shares of Mistras Group in a report on Monday, February 27th. Zacks Investment Research raised Mistras Group from a “sell” rating to a “hold” rating in a report on Thursday, March 16th. Bank of America Corporation downgraded Mistras Group from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a report on Friday, March 17th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $47.00 price target on shares of Mistras Group in a report on Friday, May 12th.
In other Mistras Group news, Director Nicholas Debenedictis bought 2,500 shares of the business’s stock in a transaction on Friday, March 24th. The shares were purchased at an average price of $20.25 per share, with a total value of $50,625.00. Following the purchase, the director now directly owns 16,479 shares of the company’s stock, valued at $333,699.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael C. Keefe sold 8,004 shares of Mistras Group stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $21.18, for a total value of $169,524.72. Following the sale, the executive vice president now directly owns 49,756 shares in the company, valued at approximately $1,053,832.08. The disclosure for this sale can be found here. In the last three months, insiders sold 196,817 shares of company stock worth $4,169,510. Company insiders own 45.60% of the company’s stock.
A number of hedge funds have recently made changes to their positions in MG. Victory Capital Management Inc. increased its stake in shares of Mistras Group by 66.6% in the first quarter. Victory Capital Management Inc. now owns 4,955 shares of the technology company’s stock valued at $106,000 after buying an additional 1,981 shares during the last quarter. American International Group Inc. increased its stake in shares of Mistras Group by 7.0% in the first quarter. American International Group Inc. now owns 10,557 shares of the technology company’s stock valued at $226,000 after buying an additional 694 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in shares of Mistras Group during the fourth quarter valued at $269,000. Trexquant Investment LP acquired a new stake in shares of Mistras Group during the first quarter valued at $297,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Mistras Group by 14.6% in the first quarter. PNC Financial Services Group Inc. now owns 14,367 shares of the technology company’s stock valued at $307,000 after buying an additional 1,825 shares during the last quarter. 57.38% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: “Analysts Set Mistras Group Inc (MG) PT at $39.86” was reported by sleekmoney and is the property of of sleekmoney. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://sleekmoney.com/analysts-set-mistras-group-inc-mg-pt-at-39-86/1916732.html.
Shares of Mistras Group (MG) traded down 0.23% during midday trading on Tuesday, reaching $21.66. The company’s stock had a trading volume of 105,808 shares. The company’s 50-day moving average price is $21.63 and its 200 day moving average price is $22.62. Mistras Group has a 1-year low of $19.49 and a 1-year high of $26.46. The firm has a market capitalization of $617.05 million, a PE ratio of 43.41 and a beta of 1.25.
Mistras Group (NYSE:MG) last announced its quarterly earnings results on Monday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $163.32 million for the quarter, compared to the consensus estimate of $160.09 million. Mistras Group had a return on equity of 8.50% and a net margin of 2.71%. On average, equities research analysts forecast that Mistras Group will post $0.71 earnings per share for the current year.
Mistras Group Company Profile
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/analysts-set-mistras-group-inc-mg-pt-at-39-86/1916732.html
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.