NCS Multistage (NASDAQ:NCSM)‘s stock had its “neutral” rating reaffirmed by JPMorgan Chase & Co. in a research report issued on Tuesday. They presently have a $20.00 target price on the stock, up from their prior target price of $19.00. JPMorgan Chase & Co.’s price target would suggest a potential upside of 28.04% from the company’s current price.
Several other equities analysts have also recently issued reports on NCSM. BidaskClub upgraded NCS Multistage from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Zacks Investment Research upgraded NCS Multistage from a “strong sell” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, January 17th. Raymond James Financial reiterated an “outperform” rating and issued a $30.00 price objective (up previously from $23.00) on shares of NCS Multistage in a research note on Thursday, January 18th. UBS Group upgraded NCS Multistage from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Finally, Piper Jaffray Companies set a $20.00 target price on NCS Multistage and gave the stock a “buy” rating in a research note on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $24.25.
Shares of NCS Multistage (NASDAQ:NCSM) traded down $1.67 on Tuesday, hitting $15.62. The stock had a trading volume of 78,006 shares, compared to its average volume of 162,553. The company has a quick ratio of 2.29, a current ratio of 3.31 and a debt-to-equity ratio of 0.06. The stock has a market cap of $790.02 and a PE ratio of 93.47. NCS Multistage has a fifty-two week low of $13.85 and a fifty-two week high of $29.07.
A number of hedge funds have recently bought and sold shares of the stock. Cushing Asset Management LP lifted its stake in NCS Multistage by 299.1% during the fourth quarter. Cushing Asset Management LP now owns 171,921 shares of the company’s stock worth $2,534,000 after purchasing an additional 128,849 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in NCS Multistage by 8.0% in the fourth quarter. TIAA CREF Investment Management LLC now owns 49,674 shares of the company’s stock valued at $732,000 after buying an additional 3,692 shares during the last quarter. Guggenheim Capital LLC purchased a new stake in NCS Multistage in the fourth quarter valued at approximately $1,247,000. Deutsche Bank AG lifted its stake in NCS Multistage by 183.3% in the fourth quarter. Deutsche Bank AG now owns 31,190 shares of the company’s stock valued at $458,000 after buying an additional 20,179 shares during the last quarter. Finally, Bamco Inc. NY lifted its stake in NCS Multistage by 24.3% in the fourth quarter. Bamco Inc. NY now owns 68,100 shares of the company’s stock valued at $1,004,000 after buying an additional 13,300 shares during the last quarter. Hedge funds and other institutional investors own 94.33% of the company’s stock.
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About NCS Multistage
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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