NCS Multistage’s (NCSM) Outperform Rating Reaffirmed at Raymond James Financial

NCS Multistage (NASDAQ:NCSM)‘s stock had its “outperform” rating restated by analysts at Raymond James Financial in a research report issued on Thursday, MarketBeat.com reports. They currently have a $30.00 price objective on the stock, up from their previous price objective of $23.00. Raymond James Financial’s target price indicates a potential upside of 62.78% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of NCS Multistage from a “strong sell” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday. Piper Jaffray Companies set a $20.00 price objective on shares of NCS Multistage and gave the stock a “buy” rating in a research report on Thursday, December 21st. Royal Bank of Canada set a $30.00 price objective on shares of NCS Multistage and gave the stock a “buy” rating in a research report on Saturday, October 7th. Wells Fargo & Co restated an “outperform” rating and set a $30.00 price objective (down from $35.00) on shares of NCS Multistage in a research report on Wednesday, November 15th. Finally, BidaskClub upgraded shares of NCS Multistage from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. NCS Multistage currently has a consensus rating of “Buy” and a consensus price target of $24.86.

NCS Multistage (NASDAQ:NCSM) traded up $0.12 on Thursday, hitting $18.43. 150,853 shares of the company traded hands, compared to its average volume of 132,155. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.29 and a current ratio of 3.31. NCS Multistage has a 1 year low of $13.85 and a 1 year high of $29.07. The firm has a market cap of $808.00 and a PE ratio of 204.78.

NCS Multistage (NASDAQ:NCSM) last posted its earnings results on Monday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $55.96 million during the quarter, compared to analyst estimates of $58.92 million. NCS Multistage had a net margin of 2.42% and a return on equity of 2.22%. analysts forecast that NCS Multistage will post 0.12 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Nationwide Fund Advisors purchased a new stake in shares of NCS Multistage during the second quarter worth $157,000. Strs Ohio grew its holdings in shares of NCS Multistage by 131.3% during the third quarter. Strs Ohio now owns 7,400 shares of the company’s stock worth $178,000 after buying an additional 4,200 shares in the last quarter. Alliancebernstein L.P. purchased a new stake in shares of NCS Multistage during the second quarter worth $201,000. The Manufacturers Life Insurance Company purchased a new stake in shares of NCS Multistage during the second quarter worth $211,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of NCS Multistage during the second quarter worth $257,000. Institutional investors own 93.02% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “NCS Multistage’s (NCSM) Outperform Rating Reaffirmed at Raymond James Financial” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://www.com-unik.info/2018/01/20/ncs-multistages-ncsm-outperform-rating-reaffirmed-at-raymond-james-financial.html.

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.

Analyst Recommendations for NCS Multistage (NASDAQ:NCSM)

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

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit