NCS Multistage Holdings, Inc. (NCSM) Receives $29.40 Average PT from Brokerages

Shares of NCS Multistage Holdings, Inc. (NASDAQ:NCSM) have earned a consensus rating of “Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $29.40.

A number of brokerages have commented on NCSM. Zacks Investment Research cut shares of NCS Multistage Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Royal Bank Of Canada set a $29.00 price target on shares of NCS Multistage Holdings and gave the company a “buy” rating in a research report on Friday, June 30th. Finally, Citigroup Inc. set a $32.00 price target on shares of NCS Multistage Holdings and gave the company a “buy” rating in a research report on Thursday, October 5th.

Several institutional investors have recently modified their holdings of NCSM. Russell Investments Group Ltd. bought a new position in shares of NCS Multistage Holdings in the second quarter worth approximately $1,636,000. Spark Investment Management LLC bought a new position in shares of NCS Multistage Holdings in the second quarter worth approximately $1,596,000. Schwab Charles Investment Management Inc. bought a new position in shares of NCS Multistage Holdings in the second quarter worth approximately $872,000. Rhumbline Advisers bought a new position in shares of NCS Multistage Holdings in the second quarter worth approximately $276,000. Finally, LMR Partners LLP bought a new position in shares of NCS Multistage Holdings in the second quarter worth approximately $557,000. Hedge funds and other institutional investors own 91.57% of the company’s stock.

NCS Multistage Holdings (NASDAQ:NCSM) traded up 0.62% during midday trading on Friday, reaching $20.99. 157,331 shares of the company traded hands. The company has a market capitalization of $914.22 million and a price-to-earnings ratio of 954.09. The stock’s 50 day moving average is $22.09 and its 200 day moving average is $22.22. NCS Multistage Holdings has a one year low of $10.19 and a one year high of $29.07.

NCS Multistage Holdings (NASDAQ:NCSM) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($0.09) EPS for the quarter, meeting analysts’ consensus estimates of ($0.09). The business had revenue of $36.86 million for the quarter, compared to the consensus estimate of $29.14 million. On average, equities analysts anticipate that NCS Multistage Holdings will post $0.34 earnings per share for the current year.

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About NCS Multistage Holdings

NCS Multistage Holdings, Inc is a provider of engineered products and support services for oil and natural gas well completions and field development strategies. The Company’s products and services include Multistage Unlimited, casing-installed sliding sleeves, downhole frac isolation assembly, AirLock casing buoyancy system and liner hanger systems.

Analyst Recommendations for NCS Multistage Holdings (NASDAQ:NCSM)

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