Analysts Set Mistras Group Inc (MG) PT at $39.86

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.

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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

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