Mistras Group (NYSE:MG) Upgraded at Zacks Research

Zacks Research upgraded shares of Mistras Group (NYSE:MG) from a hold rating to a strong-buy rating in a report released on Thursday,Zacks.com reports.

Several other research firms have also recently commented on MG. Weiss Ratings reissued a “hold (c)” rating on shares of Mistras Group in a report on Wednesday, October 8th. Wall Street Zen raised Mistras Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, UBS Group set a $16.00 target price on shares of Mistras Group in a research report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Mistras Group presently has a consensus rating of “Buy” and an average price target of $16.00.

Mistras Group Price Performance

MG stock opened at $12.90 on Thursday. The stock has a market cap of $407.06 million, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 0.82 and a beta of 0.91. The business has a fifty day moving average of $11.95 and a two-hundred day moving average of $10.00. The company has a quick ratio of 1.77, a current ratio of 1.89 and a debt-to-equity ratio of 0.89. Mistras Group has a 52-week low of $7.06 and a 52-week high of $13.43.

Mistras Group (NYSE:MG) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.20. The firm had revenue of $195.55 million during the quarter, compared to analysts’ expectations of $189.94 million. Mistras Group had a net margin of 2.55% and a return on equity of 13.10%. As a group, research analysts anticipate that Mistras Group will post 0.71 earnings per share for the current year.

Institutional Investors Weigh In On Mistras Group

A number of large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. raised its position in Mistras Group by 18.0% during the first quarter. American Century Companies Inc. now owns 38,186 shares of the technology company’s stock worth $404,000 after acquiring an additional 5,812 shares during the last quarter. Ieq Capital LLC purchased a new position in shares of Mistras Group during the 1st quarter worth approximately $123,000. State of Wyoming acquired a new position in shares of Mistras Group during the 1st quarter worth approximately $66,000. Cubist Systematic Strategies LLC purchased a new stake in Mistras Group in the 1st quarter valued at approximately $421,000. Finally, Banque Transatlantique SA acquired a new stake in Mistras Group during the 1st quarter valued at $47,000. 74.92% of the stock is owned by institutional investors and hedge funds.

About Mistras Group

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.