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.
COPYRIGHT VIOLATION WARNING: “NCS Multistage Holdings, Inc. (NCSM) Receives $29.40 Average PT from Brokerages” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2017/10/27/ncs-multistage-holdings-inc-ncsm-receives-29-40-average-pt-from-brokerages.html.
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.
Receive News & Ratings for NCS Multistage Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCS Multistage Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.