NCS Multistage Holdings, Inc. (NASDAQ:NCSM) has been given an average rating of “Buy” by the ten brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $27.00.
A number of equities research analysts have commented on NCSM shares. Royal Bank Of Canada set a $30.00 price objective on NCS Multistage Holdings and gave the company a “buy” rating in a research note on Sunday. Credit Suisse Group reduced their price objective on NCS Multistage Holdings from $27.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday. Zacks Investment Research raised NCS Multistage Holdings from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, September 27th. UBS AG raised NCS Multistage Holdings from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $30.00 price objective (down previously from $35.00) on shares of NCS Multistage Holdings in a research note on Wednesday.
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NCS Multistage Holdings (NASDAQ NCSM) traded up $0.17 during midday trading on Thursday, reaching $16.50. The company had a trading volume of 213,310 shares, compared to its average volume of 137,382. NCS Multistage Holdings has a fifty-two week low of $15.01 and a fifty-two week high of $29.07.
NCS Multistage Holdings (NASDAQ:NCSM) last announced its quarterly earnings data on Monday, November 13th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). The business had revenue of $55.96 million during the quarter, compared to analysts’ expectations of $58.92 million. analysts forecast that NCS Multistage Holdings will post 0.34 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. FMR LLC bought a new position in shares of NCS Multistage Holdings in the second quarter valued at approximately $55,521,000. Lazard Asset Management LLC bought a new stake in NCS Multistage Holdings during the second quarter worth $38,015,000. Boston Partners bought a new stake in NCS Multistage Holdings during the third quarter worth $22,021,000. Goldman Sachs Group Inc. bought a new stake in NCS Multistage Holdings during the second quarter worth $21,959,000. Finally, Vanguard Group Inc. bought a new stake in NCS Multistage Holdings during the second quarter worth $13,697,000. Institutional investors own 95.24% of the company’s stock.
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.
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