According to Zacks, “Mistras Group, Inc. is a global provider of technology-enabled, non-destructive testing (NDT) solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure. The Company delivers a portfolio of solutions, ranging from routine NDT inspections to plant-wide asset integrity assessment and management solutions. The Company serves a global customer base, including companies in the oil and gas, fossil and nuclear power generation and transmission, public infrastructure, chemicals, aerospace and defense, transportation, primary metals and metalworking, pharmaceuticals and food processing industries. “
Several other analysts also recently weighed in on the company. ValuEngine upgraded Mistras Group from a hold rating to a buy rating in a research report on Monday, September 16th. TheStreet upgraded Mistras Group from a d+ rating to a c- rating in a research note on Wednesday, June 26th. Finally, Credit Suisse Group initiated coverage on Mistras Group in a research note on Thursday, June 27th. They set a neutral rating and a $55.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $29.17.
NYSE:MG opened at $14.69 on Friday. Mistras Group has a twelve month low of $12.19 and a twelve month high of $20.51. The company has a market cap of $426.12 million, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 1.35 and a beta of 1.22. The stock has a fifty day simple moving average of $15.06 and a 200-day simple moving average of $14.54. The company has a current ratio of 1.72, a quick ratio of 1.60 and a debt-to-equity ratio of 0.97.
Mistras Group (NYSE:MG) last released its earnings results on Monday, August 5th. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. Mistras Group had a return on equity of 4.13% and a net margin of 0.01%. The business had revenue of $200.62 million during the quarter, compared to the consensus estimate of $192.70 million. As a group, equities research analysts predict that Mistras Group will post 0.65 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in MG. SG Americas Securities LLC purchased a new position in Mistras Group in the second quarter valued at about $103,000. CHICAGO TRUST Co NA acquired a new stake in shares of Mistras Group during the second quarter worth about $145,000. Prudential Financial Inc. lifted its holdings in shares of Mistras Group by 9.0% during the second quarter. Prudential Financial Inc. now owns 10,919 shares of the technology company’s stock worth $157,000 after purchasing an additional 900 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Mistras Group during the third quarter worth about $279,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Mistras Group by 10.2% during the second quarter. Envestnet Asset Management Inc. now owns 21,227 shares of the technology company’s stock worth $305,000 after purchasing an additional 1,965 shares during the period. Hedge funds and other institutional investors own 58.50% of the company’s stock.
Mistras Group Company Profile
Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and testing program services; and engineering consulting services.
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