BidaskClub cut shares of NCS Multistage (NASDAQ:NCSM) from a hold rating to a sell rating in a research note published on Wednesday, January 31st.
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of NCS Multistage from a strong sell rating to a buy rating and set a $22.00 price objective for the company in a research report on Wednesday, January 17th. Piper Jaffray Companies set a $20.00 price target on shares of NCS Multistage and gave the company a buy rating in a research report on Thursday, December 21st. Wells Fargo & Co reiterated an outperform rating and set a $30.00 price target (down from $35.00) on shares of NCS Multistage in a research report on Wednesday, November 15th. Royal Bank of Canada set a $30.00 price objective on shares of NCS Multistage and gave the stock a buy rating in a research note on Saturday, October 7th. Finally, Credit Suisse Group dropped their price objective on shares of NCS Multistage from $27.00 to $23.00 and set an outperform rating for the company in a research note on Wednesday, November 15th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. NCS Multistage has an average rating of Buy and an average price target of $24.86.
Shares of NCS Multistage (NCSM) opened at $14.49 on Wednesday. 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.
Hedge funds have recently modified their holdings of the business. State Street Corp acquired a new position in NCS Multistage in the 2nd quarter worth $3,523,000. FMR LLC bought a new stake in shares of NCS Multistage in the 2nd quarter worth about $55,521,000. Bank of New York Mellon Corp bought a new stake in shares of NCS Multistage in the 2nd quarter worth about $742,000. Ameriprise Financial Inc. bought a new stake in shares of NCS Multistage in the 2nd quarter worth about $3,449,000. Finally, Vanguard Group Inc. bought a new stake in shares of NCS Multistage in the 2nd quarter worth about $13,697,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.
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About NCS Multistage
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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