Canaccord Genuity reissued their hold rating on shares of Mistras Group (NYSE:MG) in a research report report published on Tuesday morning. Canaccord Genuity currently has a $22.00 price target on the technology company’s stock.
“We introduce 2019 numbers while maintaining a HOLD rating and $22 price target. We could get more constructive with our rating as Safran ramps mid-year and comparisons begin to ease.”,” Canaccord Genuity’s analyst wrote.
A number of other equities analysts also recently commented on MG. Zacks Investment Research downgraded Mistras Group from a buy rating to a hold rating in a research note on Saturday, January 6th. Stephens set a $24.00 price target on Mistras Group and gave the stock a hold rating in a research note on Thursday, January 18th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $28.86.
Mistras Group (NYSE:MG) last posted its quarterly earnings results on Monday, March 12th. The technology company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.08). The firm had revenue of $187.64 million during the quarter, compared to analyst estimates of $182.16 million. Mistras Group had a return on equity of 6.16% and a net margin of 0.68%. sell-side analysts predict that Mistras Group will post 0.5 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. We Are One Seven LLC acquired a new position in Mistras Group in the fourth quarter valued at approximately $181,000. MetLife Investment Advisors LLC acquired a new position in Mistras Group in the fourth quarter valued at approximately $193,000. Jefferies Group LLC acquired a new position in Mistras Group in the fourth quarter valued at approximately $204,000. Alliancebernstein L.P. acquired a new position in Mistras Group in the fourth quarter valued at approximately $212,000. Finally, California Public Employees Retirement System acquired a new position in Mistras Group in the second quarter valued at approximately $204,000. Institutional investors own 62.68% of the company’s stock.
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About Mistras Group
Mistras Group, Inc offers asset protection solutions and is a provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The Company’s segments are Services segment, which provides asset protection solutions in North America with concentration on the United States along with a Canadian services business, consisting of non-destructive testing, and inspection and engineering services that are used to evaluate structural integrity and reliability of critical energy, industrial and public infrastructure; International segment, which offers services, products and systems similar to those of its Services and Products and Systems segments to markets in Europe, the Middle East, Africa, Asia and South America, and Products and Systems segment, which designs, manufactures, sells, installs and services asset protection products and systems, including equipment and instrumentation.
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