Sidoti cut shares of Matrix Service Company (NASDAQ: MTRX) from a buy rating to a neutral rating in a research note issued to investors on Tuesday.
A number of other analysts have also recently weighed in on MTRX. Analysts at TheStreet upgraded shares of Matrix Service Company from a hold rating to a buy rating in a research note to investors on Thursday, February 7th. Separately, analysts at Stephens upgraded shares of Matrix Service Company from an equal weight rating to an overweight rating in a research note to investors on Tuesday, January 22nd. They now have a $18.00 price target on the stock, up previously from $12.00. Finally, analysts at DA Davidson reiterated a buy rating on shares of Matrix Service Company in a research note to investors on Wednesday, January 9th. They now have a $15.00 price target on the stock, up previously from $13.00.
Shares of Matrix Service Company traded down 2.20% during mid-day trading on Tuesday, hitting $15.59. Matrix Service Company has a 52 week low of $9.62 and a 52 week high of $17.21. The stock’s 50-day moving average is currently $14.09. The company has a market cap of $405.7 million and a P/E ratio of 24.95.
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