Mistras Group Inc (MG) PT Lowered to $20.00

Mistras Group Inc (NYSE:MG) had its price objective reduced by Canaccord Genuity from $22.00 to $20.00 in a research note issued on Thursday. The brokerage currently has a “hold” rating on the technology company’s stock. Canaccord Genuity’s target price points to a potential upside of 9.59% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Mistras Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BMO Capital Markets reiterated a “market perform” rating and issued a $47.00 target price on shares of Mistras Group in a report on Friday, May 12th. Finally, Robert W. Baird cut their target price on Mistras Group from $24.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $34.40.

Shares of Mistras Group (NYSE:MG) traded down 4.75% during mid-day trading on Thursday, hitting $18.25. 273,796 shares of the stock were exchanged. The stock has a market capitalization of $518.98 million, a P/E ratio of 38.83 and a beta of 1.15. Mistras Group has a 12-month low of $17.66 and a 12-month high of $26.46. The stock’s 50 day moving average price is $21.35 and its 200-day moving average price is $21.76.

Mistras Group (NYSE:MG) last issued its earnings results on Tuesday, August 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.07. Mistras Group had a return on equity of 8.50% and a net margin of 2.71%. The firm had revenue of $170.44 million during the quarter, compared to the consensus estimate of $170.16 million. On average, equities research analysts expect that Mistras Group will post $0.55 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Mistras Group Inc (MG) PT Lowered to $20.00” was published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/2798762/mistras-group-inc-mg-pt-lowered-to-20-00.html.

In other Mistras Group news, Chairman Sotirios J. Vahaviolos sold 94,877 shares of the firm’s stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $21.08, for a total transaction of $2,000,007.16. Following the transaction, the chairman now directly owns 10,651,632 shares in the company, valued at approximately $224,536,402.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Sotirios J. Vahaviolos sold 90,490 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $21.25, for a total value of $1,922,912.50. Following the transaction, the chairman now owns 10,561,142 shares in the company, valued at $224,424,267.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 279,573 shares of company stock worth $5,922,913. Company insiders own 44.70% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System bought a new position in shares of Mistras Group during the fourth quarter valued at $269,000. State Street Corp boosted its position in shares of Mistras Group by 1.2% in the fourth quarter. State Street Corp now owns 326,477 shares of the technology company’s stock valued at $8,385,000 after buying an additional 3,814 shares during the period. Teachers Advisors LLC boosted its position in shares of Mistras Group by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 41,818 shares of the technology company’s stock valued at $1,074,000 after buying an additional 785 shares during the period. Capital Impact Advisors LLC boosted its position in shares of Mistras Group by 102.5% in the first quarter. Capital Impact Advisors LLC now owns 78,738 shares of the technology company’s stock valued at $1,683,000 after buying an additional 39,850 shares during the period. Finally, Rockefeller Financial Services Inc. boosted its position in shares of Mistras Group by 23.3% in the first quarter. Rockefeller Financial Services Inc. now owns 781,248 shares of the technology company’s stock valued at $16,703,000 after buying an additional 147,429 shares during the period. Institutional investors and hedge funds own 57.10% of the company’s stock.

About Mistras Group

Analyst Recommendations for Mistras Group (NYSE:MG)

Receive News & Ratings for Mistras Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mistras Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.