Mistras Group Inc. (MG) Trading 7.6% Higher
Mistras Group Inc. (NYSE:MG) shares traded up 7.6% during trading on Friday . The company traded as high as $25.50 and last traded at $24.55, with a volume of 286,320 shares trading hands. The stock had previously closed at $22.81.
Several analysts have issued reports on MG shares. TD Securities upped their price target on shares of Mistras Group from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, May 6th. Zacks Investment Research upgraded shares of Mistras Group from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Friday, July 22nd. Robert W. Baird upgraded shares of Mistras Group from a “neutral” rating to an “outperform” rating and upped their price target for the company from $27.00 to $28.00 in a research report on Friday. Finally, CIBC upped their price target on shares of Mistras Group from $45.00 to $47.00 and gave the company a “sector perform” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Mistras Group presently has a consensus rating of “Buy” and an average target price of $35.56.
The stock has a market capitalization of $718.18 million and a P/E ratio of 30.62. The firm has a 50 day moving average price of $24.82 and a 200-day moving average price of $23.97.
Mistras Group (NYSE:MG) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The company earned $184.20 million during the quarter, compared to the consensus estimate of $177.59 million. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Equities research analysts predict 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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