Mistras Group (NYSE:MG) Stock Rating Upgraded by Zacks Research

Mistras Group (NYSE:MG) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

MG has been the subject of several other reports. Weiss Ratings restated a “hold (c)” rating on shares of Mistras Group in a research report on Wednesday, October 8th. UBS Group set a $16.00 price objective on Mistras Group in a report on Thursday, November 20th. Finally, Wall Street Zen raised Mistras Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Mistras Group presently has an average rating of “Buy” and a consensus price target of $16.00.

Mistras Group Price Performance

Mistras Group stock opened at $12.90 on Thursday. The stock has a 50-day moving average price of $11.95 and a two-hundred day moving average price of $9.98. Mistras Group has a 12 month low of $7.06 and a 12 month high of $13.43. The company has a market capitalization of $407.06 million, a PE ratio of 22.25, a P/E/G ratio of 0.80 and a beta of 0.91. The company has a current ratio of 1.89, a quick ratio of 1.77 and a debt-to-equity ratio of 0.89.

Mistras Group (NYSE:MG) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.20. The company had revenue of $195.55 million for the quarter, compared to analysts’ expectations of $189.94 million. Mistras Group had a return on equity of 13.10% and a net margin of 2.55%. Analysts expect that Mistras Group will post 0.71 EPS for the current year.

Institutional Trading of Mistras Group

Several hedge funds have recently added to or reduced their stakes in the business. Voya Investment Management LLC grew its position in Mistras Group by 64.6% during the 1st quarter. Voya Investment Management LLC now owns 22,449 shares of the technology company’s stock worth $238,000 after acquiring an additional 8,807 shares during the last quarter. LSV Asset Management boosted its stake in shares of Mistras Group by 130.8% during the second quarter. LSV Asset Management now owns 51,001 shares of the technology company’s stock valued at $409,000 after purchasing an additional 28,901 shares during the period. American Century Companies Inc. grew its holdings in shares of Mistras Group by 18.0% in the first quarter. American Century Companies Inc. now owns 38,186 shares of the technology company’s stock worth $404,000 after purchasing an additional 5,812 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Mistras Group in the second quarter worth $431,000. Finally, State of Wyoming purchased a new position in shares of Mistras Group in the first quarter worth $66,000. 74.92% of the stock is owned by institutional investors.

Mistras Group Company Profile

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.