Mistras Group (NYSE:MG) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Mistras Group (NYSE:MG) from a buy rating to a strong-buy rating in a research report report published on Sunday morning.

MG has been the topic of a number of other research reports. Weiss Ratings restated a “hold (c)” rating on shares of Mistras Group in a research report on Tuesday, April 21st. Zacks Research upgraded Mistras Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Roth Mkm started coverage on Mistras Group in a research report on Thursday, April 30th. They issued a “buy” rating and a $22.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Mistras Group has a consensus rating of “Buy” and a consensus price target of $19.00.

Mistras Group Stock Down 0.2%

MG opened at $17.60 on Friday. Mistras Group has a fifty-two week low of $7.22 and a fifty-two week high of $19.56. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.67 and a current ratio of 1.81. The company has a market capitalization of $560.03 million, a P/E ratio of 25.14, a P/E/G ratio of 1.05 and a beta of 0.92. The stock has a fifty day moving average of $16.09 and a 200-day moving average of $13.94.

Mistras Group (NYSE:MG) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.08 earnings per share for the quarter. Mistras Group had a return on equity of 13.60% and a net margin of 3.06%.The company had revenue of $169.03 million during the quarter, compared to the consensus estimate of $164.25 million. On average, equities analysts expect that Mistras Group will post 1.05 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Torren Management LLC bought a new position in Mistras Group in the fourth quarter valued at about $28,000. Jones Financial Companies Lllp bought a new position in Mistras Group in the third quarter valued at about $33,000. Kemnay Advisory Services Inc. bought a new position in Mistras Group in the fourth quarter valued at about $74,000. MetLife Investment Management LLC grew its position in Mistras Group by 17.8% in the fourth quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock valued at $89,000 after acquiring an additional 1,065 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position 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 valued at $73,000 after acquiring an additional 1,360 shares during the last quarter. Institutional investors own 74.92% of the company’s stock.

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.