Zacks Research Upgrades Mistras Group (NYSE:MG) to Strong-Buy

Mistras Group (NYSE:MG) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

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

Mistras Group Stock Up 0.4%

MG opened at $14.45 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.77 and a current ratio of 1.89. The company has a market cap of $455.99 million, a price-to-earnings ratio of 27.27, a PEG ratio of 0.86 and a beta of 0.86. Mistras Group has a one year low of $7.06 and a one year high of $15.84. The business’s fifty day moving average is $14.37 and its two-hundred day moving average is $12.07.

Mistras Group (NYSE:MG) last announced its quarterly earnings results on Wednesday, March 4th. The technology company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $181.46 million during the quarter, compared to analysts’ expectations of $176.27 million. Mistras Group had a return on equity of 13.09% and a net margin of 2.33%. Analysts anticipate that Mistras Group will post 0.71 EPS for the current fiscal year.

Institutional Trading of Mistras Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MG. Torren Management LLC acquired a new position in Mistras Group in the 4th quarter valued at about $28,000. Jones Financial Companies Lllp acquired a new stake in shares of Mistras Group during the 3rd quarter worth about $33,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Mistras Group during the 4th quarter worth about $74,000. MetLife Investment Management LLC grew its holdings in shares of Mistras Group by 17.8% during the fourth quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock worth $89,000 after buying an additional 1,065 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Mistras Group by 22.5% during the third quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after buying an additional 1,360 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.

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.