Royal Bank of Canada set a $17.00 price objective on NCS Multistage (NASDAQ:NCSM) in a research report released on Thursday, December 21st. The firm currently has a buy rating on the stock.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of NCS Multistage from a buy rating to a hold rating in a research report on Tuesday, September 26th. Citigroup set a $32.00 target price on shares of NCS Multistage and gave the company a buy rating in a research report on Thursday, October 5th. Piper Jaffray Companies set a $20.00 price target on shares of NCS Multistage and gave the company a buy rating in a report on Thursday, December 21st. UBS Group upgraded shares of NCS Multistage from an outperform rating to a strong-buy rating in a report on Wednesday, November 15th. Finally, Raymond James Financial upgraded shares of NCS Multistage from an outperform rating to a strong-buy rating in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $25.14.
Shares of NCS Multistage (NCSM) opened at $19.40 on Thursday. NCS Multistage has a 12 month low of $13.85 and a 12 month high of $29.07. The company has a current ratio of 3.31, a quick ratio of 2.29 and a debt-to-equity ratio of 0.06.
NCS Multistage (NASDAQ:NCSM) last announced its earnings results on Monday, November 13th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). The firm had revenue of $55.96 million during the quarter, compared to analysts’ expectations of $58.92 million. NCS Multistage had a net margin of 2.42% and a return on equity of 2.22%. equities analysts expect that NCS Multistage will post 0.13 EPS for the current year.
Several large investors have recently bought and sold shares of NCSM. Russell Investments Group Ltd. purchased a new position in shares of NCS Multistage during the 2nd quarter valued at approximately $1,636,000. Schwab Charles Investment Management Inc. purchased a new stake in NCS Multistage in the 2nd quarter worth $872,000. Rhumbline Advisers purchased a new stake in NCS Multistage in the 2nd quarter worth $276,000. Bank of New York Mellon Corp purchased a new stake in NCS Multistage in the 2nd quarter worth $742,000. Finally, Jennison Associates LLC purchased a new stake in NCS Multistage in the 2nd quarter worth $11,549,000. 93.02% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: This story was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at https://www.dispatchtribunal.com/2018/01/14/ncs-multistage-ncsm-given-a-17-00-price-target-by-royal-bank-of-canada-analysts.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.
Receive News & Ratings for NCS Multistage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NCS Multistage and related companies with MarketBeat.com's FREE daily email newsletter.