NCS Multistage (NCSM) Price Target Cut to $25.00

NCS Multistage (NASDAQ:NCSM) had its price objective decreased by analysts at Royal Bank Of Canada from $30.00 to $25.00 in a research note issued on Wednesday, November 15th, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 47.58% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of NCS Multistage from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Citigroup set a $32.00 price objective on shares of NCS Multistage and gave the company a “buy” rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. NCS Multistage has an average rating of “Buy” and an average price target of $27.43.

NCS Multistage (NASDAQ:NCSM) traded down $0.08 during trading hours on Wednesday, reaching $16.94. The company had a trading volume of 195,067 shares, compared to its average volume of 143,821. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.31 and a quick ratio of 2.29. NCS Multistage has a fifty-two week low of $15.01 and a fifty-two week high of $29.07.

NCS Multistage (NASDAQ:NCSM) last announced its earnings results on Monday, November 13th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). NCS Multistage had a return on equity of 2.22% and a net margin of 2.42%. The firm had revenue of $55.96 million for the quarter, compared to the consensus estimate of $58.92 million. analysts predict that NCS Multistage will post 0.2 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new stake in NCS Multistage in the third quarter valued at about $262,000. Beck Capital Management LLC lifted its holdings in NCS Multistage by 8.6% in the third quarter. Beck Capital Management LLC now owns 32,036 shares of the company’s stock valued at $771,000 after buying an additional 2,525 shares during the period. Wells Fargo & Company MN lifted its holdings in NCS Multistage by 126.7% in the third quarter. Wells Fargo & Company MN now owns 43,435 shares of the company’s stock valued at $1,046,000 after buying an additional 24,277 shares during the period. Citadel Advisors LLC acquired a new position in NCS Multistage in the third quarter valued at approximately $350,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in NCS Multistage in the third quarter worth $495,000. 93.02% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/12/04/ncs-multistage-holdings-inc-ncsm-price-target-lowered-to-25-00-at-royal-bank-of-canada.html.

NCS Multistage Company Profile

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 (NASDAQ:NCSM)

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.

Leave a Reply