Brokerages Set NCS Multistage Holdings Inc (NCSM) PT at $27.60
Shares of NCS Multistage Holdings Inc (NASDAQ:NCSM) have been given a consensus rating of “Buy” by the ten brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $27.60.
Several analysts have recently issued reports on NCSM shares. Credit Suisse Group reduced their target price on NCS Multistage from $27.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. Royal Bank of Canada reduced their target price on NCS Multistage from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. Wells Fargo & Company reissued an “outperform” rating and set a $30.00 target price (down from $35.00) on shares of NCS Multistage in a report on Wednesday, November 15th. Zacks Investment Research lowered NCS Multistage from a “buy” rating to a “sell” rating in a report on Saturday, November 18th. Finally, Raymond James Financial raised NCS Multistage from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, November 15th.
Several hedge funds have recently made changes to their positions in NCSM. FMR LLC bought a new stake in shares of NCS Multistage during the 2nd quarter worth $55,521,000. Lazard Asset Management LLC bought a new stake in shares of NCS Multistage during the 2nd quarter worth $38,015,000. Boston Partners bought a new stake in shares of NCS Multistage during the 3rd quarter worth $22,021,000. Goldman Sachs Group Inc. bought a new stake in shares of NCS Multistage during the 2nd quarter worth $21,959,000. Finally, Vanguard Group Inc. bought a new stake in shares of NCS Multistage during the 2nd quarter worth $13,697,000. Institutional investors and hedge funds own 93.02% of the company’s stock.
Shares of NCS Multistage (NASDAQ NCSM) traded down $1.01 during midday trading on Monday, reaching $14.28. The company’s stock had a trading volume of 246,270 shares, compared to its average volume of 144,091. The company has a current ratio of 3.31, a quick ratio of 2.29 and a debt-to-equity ratio of 0.06. NCS Multistage has a 52-week low of $13.85 and a 52-week high of $29.07.
NCS Multistage (NASDAQ:NCSM) last released its earnings results on Monday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $55.96 million for the quarter, compared to analyst estimates of $58.92 million. NCS Multistage had a return on equity of 2.22% and a net margin of 2.42%. equities analysts forecast that NCS Multistage will post 0.2 earnings per share for the current fiscal year.
NCS Multistage Company Profile
NCS Multistage Holdings, Inc is a provider of engineered products and support services for oil and natural gas well completions and field development strategies. The Company’s products and services include Multistage Unlimited, casing-installed sliding sleeves, downhole frac isolation assembly, AirLock casing buoyancy system and liner hanger systems.
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