Brokerages Set Mistras Group Inc (MG) Price Target at $36.33

Mistras Group Inc (NYSE:MG) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $34.71.

MG has been the subject of a number of research analyst reports. Canaccord Genuity increased their price target on Mistras Group from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded Mistras Group from a “sell” rating to a “hold” rating and set a $25.00 price target for the company in a research note on Saturday. Robert W. Baird decreased their price target on Mistras Group from $24.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, August 9th. KeyCorp reiterated a “hold” rating on shares of Mistras Group in a research note on Friday, October 6th. Finally, Goldman Sachs Group, Inc. (The) cut Mistras Group from a “neutral” rating to a “sell” rating and decreased their price target for the company from $45.00 to $41.00 in a research note on Monday, October 16th.

In related news, COO Jonathan H. Wolk bought 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were purchased at an average cost of $17.41 per share, with a total value of $43,525.00. Following the completion of the acquisition, the chief operating officer now directly owns 83,589 shares in the company, valued at $1,455,284.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 44.70% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in shares of Mistras Group by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 90,663 shares of the technology company’s stock worth $1,938,000 after acquiring an additional 3,728 shares during the last quarter. American International Group Inc. boosted 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 worth $226,000 after acquiring an additional 694 shares during the last quarter. PNC Financial Services Group Inc. boosted 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 worth $307,000 after acquiring an additional 1,825 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Mistras Group by 6.7% in the first quarter. Vanguard Group Inc. now owns 1,352,110 shares of the technology company’s stock worth $28,908,000 after acquiring an additional 85,240 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Mistras Group by 12.9% in the first quarter. Geode Capital Management LLC now owns 135,111 shares of the technology company’s stock worth $2,887,000 after acquiring an additional 15,447 shares during the last quarter. 60.85% of the stock is currently owned by institutional investors.

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Mistras Group (NYSE:MG) traded down $0.55 on Friday, hitting $21.37. The stock had a trading volume of 42,500 shares, compared to its average volume of 78,665. Mistras Group has a fifty-two week low of $17.00 and a fifty-two week high of $26.46. 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 company has a market cap of $620.13, a P/E ratio of 39.14 and a beta of 1.16.

Mistras Group (NYSE:MG) last issued its quarterly earnings data on Monday, November 6th. The technology company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). The company had revenue of $179.57 million for 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 analysts forecast that Mistras Group will post 0.46 EPS for the current fiscal year.

Mistras Group Company Profile

Analyst Recommendations for Mistras Group (NYSE:MG)

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