Mesa Laboratories, Inc. (NASDAQ:MLAB) Receives $262.50 Consensus PT from Brokerages

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Mesa Laboratories, Inc. (NASDAQ:MLAB) has been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $262.50.

A number of equities analysts recently commented on MLAB shares. BidaskClub upgraded Mesa Laboratories from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 26th. ValuEngine cut Mesa Laboratories from a “buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, TheStreet cut Mesa Laboratories from a “b-” rating to a “c” rating in a report on Monday, February 10th.

A number of hedge funds have recently modified their holdings of MLAB. Mason Street Advisors LLC grew its stake in shares of Mesa Laboratories by 2.9% during the fourth quarter. Mason Street Advisors LLC now owns 1,399 shares of the medical instruments supplier’s stock worth $349,000 after buying an additional 39 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Mesa Laboratories by 4.2% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 1,230 shares of the medical instruments supplier’s stock worth $307,000 after buying an additional 50 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Mesa Laboratories by 1.1% during the fourth quarter. Prudential Financial Inc. now owns 6,569 shares of the medical instruments supplier’s stock worth $1,638,000 after buying an additional 70 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Mesa Laboratories by 6.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,600 shares of the medical instruments supplier’s stock worth $399,000 after buying an additional 100 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Mesa Laboratories by 1.3% during the first quarter. Swiss National Bank now owns 7,602 shares of the medical instruments supplier’s stock worth $1,719,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Mesa Laboratories stock traded down $5.82 during midday trading on Wednesday, reaching $258.43. 48,666 shares of the company’s stock were exchanged, compared to its average volume of 39,293. Mesa Laboratories has a 52 week low of $181.21 and a 52 week high of $271.46. The company has a debt-to-equity ratio of 0.59, a quick ratio of 4.04 and a current ratio of 4.78. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 230.35 and a beta of 0.39. The stock’s 50-day simple moving average is $233.63 and its 200 day simple moving average is $241.08.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, May 28th. This represents a $0.64 annualized dividend and a yield of 0.25%. Mesa Laboratories’s dividend payout ratio (DPR) is presently 11.92%.

About Mesa Laboratories

Mesa Laboratories, Inc designs, manufactures, and markets quality control instruments and disposable products. The company's Instruments segment offers data loggers, which are precision instruments used in critical manufacturing, quality control, and validation applications; medical meters and calibration solutions used to test various parameters of the dialysis fluid, and the calibration and operation of the dialysis machine; gas flow calibration and air sampling equipment that are used for industrial hygiene assessments, calibration of gas metering equipment, and environmental air monitoring; and torque testing systems used for measure bottle cap tightness.

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