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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSE:MEG

Montrose Environmental Group (MEG) Stock Price, News & Analysis

$39.17
+0.80 (+2.08%)
(As of 03/28/2024 ET)
Today's Range
$38.40
$39.61
50-Day Range
$28.28
$41.38
52-Week Range
$21.96
$45.96
Volume
213,995 shs
Average Volume
202,616 shs
Market Capitalization
$1.19 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$45.50

Montrose Environmental Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
16.2% Upside
$45.50 Price Target
Short Interest
Healthy
2.49% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.21) to $0.05 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.45 out of 5 stars

Business Services Sector

236th out of 310 stocks

Management Consulting Services Industry

17th out of 17 stocks

MEG stock logo

About Montrose Environmental Group Stock (NYSE:MEG)

Montrose Environmental Group, Inc. operates as an environmental services company in the United States, Canada, and internationally. The company operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments; environmental emergency response and recovery; toxicology consulting and environmental audits and permits for current operations; facility upgrades; new projects; decommissioning projects; and development projects. This segment also offers technical advisory and consulting services, including regulatory compliance support and planning, environmental, ecosystem and toxicological assessments, and support during responses to environmental disruptions. The Measurement and Analysis segment tests and analyzes air, water, and soil to determine concentrations of contaminants, as well as the toxicological impact of contaminants on flora, fauna, and human health. Its services include source and ambient air testing and monitoring, leak detection, and advanced analytical laboratory services, such as storm water, wastewater, and drinking water analysis. The Remediation and Reuse segment provides engineering, design, implementation, and operations and maintenance services primarily to treat contaminated water, remove contaminants from soil, or create biogas from waste. The company serves financial, oil and gas, utilities, construction, automotive, real-estate, midstream energy, manufacturing, commodities, petrochemical, food and beverage, telecommunications, and engineering industries, as well as local, state, provincial, and federal government entities. Montrose Environmental Group, Inc. was founded in 2012 and is headquartered in North Little Rock, Arkansas.

MEG Stock Price History

MEG Stock News Headlines

MEG Jul 2024 17.500 put
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Montrose Environmental: Q4 Earnings Snapshot
Montrose Environmental Group, Inc. (5MO.MU)
MEG Mar 2024 30.000 put
MEG Feb 2024 35.000 put
Breaking Down Montrose Environmental Gr: 4 Analysts Share Their Views
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Today
3/28/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Management consulting services
Sub-Industry
N/A
Fax
N/A
Employees
3,100
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$45.50
High Stock Price Target
$54.00
Low Stock Price Target
$33.00
Potential Upside/Downside
+16.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-30,860,000.00
Pretax Margin
-5.10%

Debt

Sales & Book Value

Annual Sales
$624.21 million
Cash Flow
$2.26 per share
Book Value
$10.64 per share

Miscellaneous

Free Float
26,766,000
Market Cap
$1.19 billion
Optionable
Optionable
Beta
2.02

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Key Executives


MEG Stock Analysis - Frequently Asked Questions

Should I buy or sell Montrose Environmental Group stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Montrose Environmental Group in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MEG shares.
View MEG analyst ratings
or view top-rated stocks.

What is Montrose Environmental Group's stock price target for 2024?

4 brokers have issued 12-month target prices for Montrose Environmental Group's stock. Their MEG share price targets range from $33.00 to $54.00. On average, they anticipate the company's share price to reach $45.50 in the next year. This suggests a possible upside of 16.2% from the stock's current price.
View analysts price targets for MEG
or view top-rated stocks among Wall Street analysts.

How have MEG shares performed in 2024?

Montrose Environmental Group's stock was trading at $32.13 at the start of the year. Since then, MEG stock has increased by 21.9% and is now trading at $39.17.
View the best growth stocks for 2024 here
.

When is Montrose Environmental Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our MEG earnings forecast
.

How were Montrose Environmental Group's earnings last quarter?

Montrose Environmental Group, Inc. (NYSE:MEG) posted its quarterly earnings data on Thursday, February, 29th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.08. The business had revenue of $165.74 million for the quarter, compared to analyst estimates of $157.31 million. Montrose Environmental Group had a negative net margin of 4.94% and a negative trailing twelve-month return on equity of 5.64%.

What ETFs hold Montrose Environmental Group's stock?
What guidance has Montrose Environmental Group issued on next quarter's earnings?

Montrose Environmental Group updated its FY 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $675.0 million-$725.0 million, compared to the consensus revenue estimate of $666.9 million.

What is Vincent L. Sadusky's approval rating as Montrose Environmental Group's CEO?

20 employees have rated Montrose Environmental Group Chief Executive Officer Vincent L. Sadusky on Glassdoor.com. Vincent L. Sadusky has an approval rating of 66% among the company's employees.

What other stocks do shareholders of Montrose Environmental Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Montrose Environmental Group investors own include Procter & Gamble (PG), Alibaba Group (BABA), CVS Health (CVS), Home Depot (HD), RTX (RTX), Thermo Fisher Scientific (TMO), Cisco Systems (CSCO), CSX (CSX) and Johnson & Johnson (JNJ).

When did Montrose Environmental Group IPO?

Montrose Environmental Group (MEG) raised $160 million in an IPO on Thursday, July 23rd 2020. The company issued 10,000,000 shares at $15.00-$17.00 per share. BofA Securities and William Blair acted as the underwriters for the IPO and BNP PARIBAS, Capital One Securities, Stifel and Needham & Company were co-managers.

Who are Montrose Environmental Group's major shareholders?

Montrose Environmental Group's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.08%), Vanguard Group Inc. (5.05%), Federated Hermes Inc. (3.78%), Truist Financial Corp (3.64%), Stephens Investment Management Group LLC (2.07%) and Northern Trust Corp (1.67%). Insiders that own company stock include Allan Dicks, De Castro Jose Migue Fernandez, J Thomas Presby, James K Price, Janet Risi Field, Joshua W Lemaire, Nasym Afsari, Richard E Perlman, Richard E Perlman and Vijay Manthripragada.
View institutional ownership trends
.

How do I buy shares of Montrose Environmental Group?

Shares of MEG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MEG) was last updated on 3/29/2024 by MarketBeat.com Staff

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