Mistras Group (NYSE:MG) Rating Increased to Buy at ValuEngine

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ValuEngine upgraded shares of Mistras Group (NYSE:MG) from a hold rating to a buy rating in a research report sent to investors on Monday, ValuEngine reports.

Other analysts also recently issued reports about the stock. TheStreet raised shares of Mistras Group from a d+ rating to a c- rating in a report on Wednesday, June 26th. Credit Suisse Group started coverage on shares of Mistras Group in a report on Thursday, June 27th. They issued a neutral rating and a $55.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Mistras Group from a sell rating to a hold rating in a report on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $31.50.

NYSE:MG opened at $16.04 on Monday. The company has a market cap of $463.13 million, a PE ratio of 29.16, a P/E/G ratio of 1.46 and a beta of 1.21. Mistras Group has a twelve month low of $12.38 and a twelve month high of $22.18. The company has a current ratio of 1.72, a quick ratio of 1.60 and a debt-to-equity ratio of 0.97. The company’s 50 day moving average is $15.36 and its two-hundred day moving average is $14.44.

Mistras Group (NYSE:MG) last released its quarterly earnings data on Monday, August 5th. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The business had revenue of $200.62 million for the quarter, compared to the consensus estimate of $192.70 million. Mistras Group had a net margin of 0.01% and a return on equity of 4.13%. As a group, analysts expect that Mistras Group will post 0.65 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its holdings in Mistras Group by 667.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,082 shares of the technology company’s stock worth $56,000 after buying an additional 3,550 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Mistras Group during the second quarter worth $103,000. CHICAGO TRUST Co NA purchased a new stake in Mistras Group during the second quarter worth $145,000. Prudential Financial Inc. boosted its holdings in Mistras Group by 9.0% during the second quarter. Prudential Financial Inc. now owns 10,919 shares of the technology company’s stock worth $157,000 after buying an additional 900 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Mistras Group by 10.2% during the second quarter. Envestnet Asset Management Inc. now owns 21,227 shares of the technology company’s stock worth $305,000 after buying an additional 1,965 shares in the last quarter. 58.58% of the stock is currently owned by hedge funds and other institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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