Matrix Service (NASDAQ:MTRX) was upgraded by Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a research note issued on Monday, AR Network reports.
Matrix Service (NASDAQ:MTRX) traded down 0.31% on Monday, hitting $19.45. 56,599 shares of the company’s stock traded hands. Matrix Service has a 52 week low of $10.05 and a 52 week high of $19.97. The stock has a 50-day moving average of $17.38 and a 200-day moving average of $16.27. The company has a market cap of $507.9 million and a P/E ratio of 21.44.
Matrix Service (NASDAQ:MTRX) last announced its earnings results on Tuesday, September 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. The company had revenue of $235.60 million for the quarter, compared to the consensus estimate of $226.63 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 27.4% on a year-over-year basis.
A number of other firms have also recently commented on MTRX. Analysts at DA Davidson raised their price target on shares of Matrix Service from $21.00 to $25.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Analysts at First Analysis downgraded shares of Matrix Service from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $21.50.
Matrix Service Company provides engineering, fabrication, construction and maintenance services primarily to oil, gas, power, petrochemical, industrial and mining and minerals markets.
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