Mistras Group Inc (MG) Rating Reiterated by BMO Capital Markets

BMO Capital Markets reaffirmed their market perform rating on shares of Mistras Group Inc (NYSE:MG) in a research note published on Friday, May 12th. The brokerage currently has a $47.00 target price on the technology company’s stock.

A number of other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Mistras Group from a sell rating to a hold rating in a research report on Thursday, March 16th. Bank of America Corporation lowered shares of Mistras Group from a buy rating to a neutral rating and set a $21.00 target price on the stock. in a research report on Friday, March 17th. Finally, Scotiabank reiterated an outperform rating and issued a $65.00 price target on shares of Mistras Group in a report on Monday, February 27th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $38.50.

Mistras Group (NYSE:MG) traded down 0.23% during trading on Friday, hitting $21.66. The stock had a trading volume of 105,808 shares. Mistras Group has a 52-week low of $19.49 and a 52-week high of $26.46. The company has a market cap of $617.05 million, a price-to-earnings ratio of 43.41 and a beta of 1.25. The firm’s 50-day moving average price is $21.63 and its 200-day moving average price is $22.62.

Mistras Group (NYSE:MG) last issued its earnings results on Monday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.08. Mistras Group had a net margin of 2.71% and a return on equity of 8.50%. The company had revenue of $163.32 million during the quarter, compared to analysts’ expectations of $160.09 million. Analysts predict that Mistras Group will post $0.71 EPS for the current fiscal year.

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In other Mistras Group news, Director Nicholas Debenedictis purchased 2,500 shares of the firm’s stock in a transaction dated Friday, March 24th. The stock was acquired at an average cost of $20.25 per share, with a total value of $50,625.00. Following the acquisition, the director now owns 16,479 shares of the company’s stock, valued at approximately $333,699.75. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Sotirios J. Vahaviolos sold 94,206 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $21.23, for a total transaction of $1,999,993.38. Following the transaction, the chairman now directly owns 10,746,509 shares of the company’s stock, valued at $228,148,386.07. The disclosure for this sale can be found here. Insiders sold a total of 196,817 shares of company stock valued at $4,169,510 in the last three months. Insiders own 45.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. American International Group Inc. raised its position in Mistras Group by 7.0% in the first quarter. American International Group Inc. now owns 10,557 shares of the technology company’s stock worth $226,000 after buying an additional 694 shares during the last quarter. Teachers Advisors LLC raised its position in Mistras Group by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 41,818 shares of the technology company’s stock worth $1,074,000 after buying an additional 785 shares during the last quarter. Fenimore Asset Management Inc. raised its position in Mistras Group by 0.3% in the first quarter. Fenimore Asset Management Inc. now owns 348,025 shares of the technology company’s stock worth $7,441,000 after buying an additional 900 shares during the last quarter. Acrospire Investment Management LLC raised its position in Mistras Group by 34.5% in the third quarter. Acrospire Investment Management LLC now owns 4,677 shares of the technology company’s stock worth $110,000 after buying an additional 1,200 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Mistras Group by 14.6% in the first quarter. PNC Financial Services Group Inc. now owns 14,367 shares of the technology company’s stock worth $307,000 after buying an additional 1,825 shares during the last quarter. 57.38% of the stock is owned by hedge funds and other institutional investors.

Mistras Group Company Profile

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