Montrose Environmental Group, Inc. (NYSE:ONT) Receives $26.67 Consensus PT from Analysts

Montrose Environmental Group, Inc. (NYSE:ONT) has been assigned an average rating of “Hold” from the five analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $26.6667.

Several research analysts recently weighed in on the company. Barclays decreased their target price on Montrose Environmental Group from $40.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, May 18th. Zacks Research upgraded Montrose Environmental Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Montrose Environmental Group in a research report on Friday, May 29th. Finally, Needham & Company LLC cut their price target on Montrose Environmental Group from $35.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, May 8th.

Insider Buying and Selling

In other Montrose Environmental Group news, Director Peter Graham bought 25,140 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $17.19 per share, for a total transaction of $432,156.60. Following the transaction, the director owned 256,689 shares in the company, valued at approximately $4,412,483.91. The trade was a 10.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Allan Dicks purchased 6,535 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of $15.36 per share, for a total transaction of $100,377.60. Following the purchase, the chief financial officer owned 218,178 shares in the company, valued at $3,351,214.08. This represents a 3.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 36,535 shares of company stock worth $610,003 over the last three months. 10.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Montrose Environmental Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in Montrose Environmental Group in the third quarter valued at about $32,000. Canada Pension Plan Investment Board boosted its position in shares of Montrose Environmental Group by 533.3% during the second quarter. Canada Pension Plan Investment Board now owns 1,900 shares of the company’s stock worth $42,000 after buying an additional 1,600 shares during the period. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Montrose Environmental Group during the fourth quarter worth about $75,000. Tower Research Capital LLC TRC boosted its position in shares of Montrose Environmental Group by 95.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,085 shares of the company’s stock worth $68,000 after buying an additional 1,508 shares during the period. Finally, Assetmark Inc. acquired a new position in shares of Montrose Environmental Group during the fourth quarter worth about $84,000. Institutional investors and hedge funds own 87.87% of the company’s stock.

Montrose Environmental Group Price Performance

Shares of NYSE ONT opened at $17.08 on Friday. The firm has a market capitalization of $617.27 million, a PE ratio of 341.67, a P/E/G ratio of 1.25 and a beta of 1.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.84. Montrose Environmental Group has a 1-year low of $14.13 and a 1-year high of $32.00. The business’s fifty day moving average price is $18.80 and its two-hundred day moving average price is $22.52.

Montrose Environmental Group Company Profile

Montrose Environmental Group (NYSE: MEG) is a global provider of environmental technical and monitoring services, delivering solutions for site assessment, remediation, compliance and long-term environmental stewardship. The company serves a broad range of industries, including energy, manufacturing, chemicals, mining and government agencies, supporting clients with risk management strategies, regulatory permitting and environmental permitting.

Montrose’s core offerings encompass environmental consulting, engineering design, field sampling and laboratory analysis, plus innovative digital monitoring platforms.