Mistras Group Inc. (MG) Trading Up 7.6%
Mistras Group Inc. (NYSE:MG)’s share price was up 7.6% during mid-day trading on Friday . The stock traded as high as $25.50 and last traded at $24.55, with a volume of 286,320 shares changing hands. The stock had previously closed at $22.81.
Several equities analysts have issued reports on MG shares. TD Securities increased their price objective on shares of Mistras Group from $49.00 to $51.00 and gave the company a “buy” rating in a report on Friday, May 6th. Zacks Investment Research raised shares of Mistras Group from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Friday, July 22nd. Robert W. Baird raised shares of Mistras Group from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $27.00 to $28.00 in a report on Friday. Finally, CIBC increased their price objective on shares of Mistras Group from $45.00 to $47.00 and gave the company a “sector perform” rating in a report on Tuesday, August 9th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Mistras Group presently has an average rating of “Buy” and a consensus target price of $35.56.
The firm has a market cap of $721.36 million and a PE ratio of 30.41. The firm has a 50-day moving average of $24.82 and a 200-day moving average of $23.97.
Mistras Group (NYSE:MG) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The business earned $184.20 million during the quarter, compared to analysts’ expectations of $177.59 million. Mistras Group’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts anticipate that Mistras Group Inc. will post $1.03 EPS for the current year.
Mistras Group, Inc is a provider of asset protection solutions. The Company offers one source for asset protection solutions to its customers. The Company has three segments: Services, Products and Systems, and International. The Company’s Services segment provides asset protection solutions consisting primarily of non-destructive testing and inspection, and engineering services that are used to evaluate the structural integrity and reliability of energy, industrial and public infrastructure.
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