Mistras Group Inc (MG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Mistras Group Inc (NYSE:MG) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $16.50.

MG has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Mistras Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 10th. ValuEngine cut shares of Mistras Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Canaccord Genuity dropped their price objective on shares of Mistras Group from $20.00 to $16.50 and set a “hold” rating for the company in a research note on Thursday, March 14th. Finally, TheStreet cut shares of Mistras Group from a “c-” rating to a “d+” rating in a research note on Wednesday, April 3rd.

Shares of NYSE MG traded up $0.30 during trading hours on Friday, hitting $14.06. 62,910 shares of the stock were exchanged, compared to its average volume of 88,748. The company has a current ratio of 2.02, a quick ratio of 1.89 and a debt-to-equity ratio of 1.08. The company has a market cap of $401.58 million, a P/E ratio of 25.56, a P/E/G ratio of 1.28 and a beta of 1.41. Mistras Group has a one year low of $13.01 and a one year high of $23.60.

Mistras Group (NYSE:MG) last issued its quarterly earnings results on Monday, March 11th. The technology company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.15). Mistras Group had a net margin of 0.92% and a return on equity of 5.43%. The company had revenue of $180.76 million during the quarter, compared to the consensus estimate of $168.00 million. Equities research analysts forecast that Mistras Group will post 0.67 EPS for the current fiscal year.

In related news, Director Manuel N. Stamatakis acquired 15,000 shares of the stock in a transaction on Thursday, March 14th. The stock was purchased at an average price of $13.85 per share, for a total transaction of $207,750.00. Following the transaction, the director now owns 102,392 shares of the company’s stock, valued at approximately $1,418,129.20. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Nicholas Debenedictis acquired 7,000 shares of the stock in a transaction on Monday, March 18th. The stock was bought at an average price of $13.90 per share, with a total value of $97,300.00. Following the transaction, the director now directly owns 25,695 shares in the company, valued at approximately $357,160.50. The disclosure for this purchase can be found here. Company insiders own 42.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc boosted its stake in shares of Mistras Group by 3.4% in the 3rd quarter. Vanguard Group Inc now owns 1,495,884 shares of the technology company’s stock valued at $32,416,000 after purchasing an additional 48,577 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Mistras Group by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,495,884 shares of the technology company’s stock valued at $32,416,000 after purchasing an additional 48,577 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Mistras Group by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,378,961 shares of the technology company’s stock valued at $19,830,000 after purchasing an additional 59,870 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Mistras Group by 7.3% in the 3rd quarter. BlackRock Inc. now owns 1,216,696 shares of the technology company’s stock valued at $26,364,000 after purchasing an additional 82,663 shares during the last quarter. Finally, Bernzott Capital Advisors boosted its stake in shares of Mistras Group by 7.4% in the 4th quarter. Bernzott Capital Advisors now owns 1,203,961 shares of the technology company’s stock valued at $17,313,000 after purchasing an additional 82,845 shares during the last quarter. Hedge funds and other institutional investors own 58.55% of the company’s stock.

Mistras Group Company Profile

Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and testing program services; and engineering consulting services.

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