NCS Multistage Holdings, Inc. (NCSM) Receives $28.80 Average PT from Analysts

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) has been assigned a consensus rating of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $29.00.

A number of research firms have commented on NCSM. Royal Bank Of Canada began coverage on shares of NCS Multistage Holdings in a research note on Tuesday, May 23rd. They issued an “outperform” rating and a $29.00 price objective on the stock. Piper Jaffray Companies began coverage on shares of NCS Multistage Holdings in a research note on Tuesday, May 23rd. They issued an “overweight” rating and a $28.00 price objective on the stock. Zacks Investment Research lowered shares of NCS Multistage Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Wells Fargo & Company assumed coverage on shares of NCS Multistage Holdings in a research note on Tuesday, May 23rd. They set an “outperform” rating on the stock. Finally, J P Morgan Chase & Co assumed coverage on shares of NCS Multistage Holdings in a research note on Tuesday, May 23rd. They set a “neutral” rating on the stock.

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NCS Multistage Holdings (NCSM) traded up 0.09% during midday trading on Friday, reaching $21.86. The company’s stock had a trading volume of 100,926 shares. The company’s 50-day moving average is $21.90 and its 200 day moving average is $22.76. The firm has a market cap of $952.11 million and a price-to-earnings ratio of 1040.95. NCS Multistage Holdings has a 12-month low of $10.19 and a 12-month high of $29.07.

NCS Multistage Holdings (NASDAQ:NCSM) last posted its quarterly earnings data on Tuesday, August 8th. The company reported ($0.09) EPS for the quarter, meeting analysts’ consensus estimates of ($0.09). The business had revenue of $36.86 million during the quarter, compared to analyst estimates of $29.14 million. Equities analysts forecast that NCS Multistage Holdings will post $0.32 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC bought a new stake in NCS Multistage Holdings during the second quarter worth approximately $55,521,000. Lazard Asset Management LLC bought a new stake in NCS Multistage Holdings during the second quarter worth approximately $38,015,000. Vanguard Group Inc. bought a new stake in NCS Multistage Holdings during the second quarter worth approximately $13,697,000. Jennison Associates LLC bought a new stake in NCS Multistage Holdings during the second quarter worth approximately $11,549,000. Finally, Ameriprise Financial Inc. bought a new stake in NCS Multistage Holdings during the second quarter worth approximately $3,449,000. 0.34% of the stock is currently owned by hedge funds and other institutional investors.

About NCS Multistage Holdings

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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