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 research report sent to investors on Tuesday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Mistras Group in a research note on Thursday, January 22nd. UBS Group set a $16.00 price target on Mistras Group in a research note on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $16.00.

Mistras Group Price Performance

Shares of NYSE MG opened at $14.25 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.89 and a quick ratio of 1.77. Mistras Group has a 1 year low of $7.06 and a 1 year high of $15.84. The company’s 50-day moving average is $14.40 and its 200 day moving average is $12.08. The stock has a market capitalization of $449.56 million, a P/E ratio of 26.89, a P/E/G ratio of 0.86 and a beta of 0.86.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. Mistras Group had a return on equity of 13.09% and a net margin of 2.33%.The business had revenue of $181.46 million for the quarter, compared to analysts’ expectations of $176.27 million. On average, sell-side analysts expect that Mistras Group will post 0.71 earnings per share for the current year.

Hedge Funds Weigh In On Mistras Group

Several large investors have recently made changes to their positions in MG. Torren Management LLC bought a new stake in shares of Mistras Group in the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp bought a new position in Mistras Group during the 3rd quarter valued at approximately $33,000. Kemnay Advisory Services Inc. purchased a new position in Mistras Group during the fourth quarter valued at $74,000. MetLife Investment Management LLC raised its stake in Mistras Group by 17.8% during the fourth quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock valued at $89,000 after buying an additional 1,065 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Mistras Group by 22.5% in the third quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after acquiring an additional 1,360 shares in the last quarter. 74.92% of the stock is currently owned by hedge funds and other institutional investors.

Mistras Group Company Profile

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.