Royal Bank of Canada Analysts Give NCS Multistage (NASDAQ:NCSM) a $17.00 Price Target

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.

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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)

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