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.
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.
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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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