Mistras Group (NYSE:MG) Stock Gets Downgrade from Roth Capital

Key Points

• Roth Capital downgraded Mistras Group from “buy” to “neutral” and set a $20.35 price target, implying just 0.97% upside from the prior close.
• Analyst sentiment is cautious: MarketBeat reports a consensus “Hold” rating and an average price target of $18.18, while other recent ratings included one Buy and two Holds.
• Mistras Group’s latest quarter missed earnings expectations, reporting $0.21 EPS versus the $0.37 consensus, although revenue of $204.62 million exceeded estimates of $202.41 million.

Mistras Group (NYSE:MG - Get Free Report) was downgraded by equities research analysts at Roth Capital from a "buy" rating to a "neutral" rating in a research note issued on Tuesday, Briefing.com reports. They presently have a $20.35 target price on the technology company's stock. Roth Capital's price objective would indicate a potential upside of 0.97% from the stock's previous close.

A number of other equities research analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of Mistras Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 15th. Weiss Ratings raised shares of Mistras Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, October 13th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $18.18.

Mistras Group Stock Down 0.1%

MG opened at $20.16 on Tuesday. Mistras Group has a one year low of $9.45 and a one year high of $21.92. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 1.71. The stock's fifty day moving average is $20.33 and its 200-day moving average is $17.33. The company has a market capitalization of $641.94 million, a PE ratio of 24.28, a P/E/G ratio of 1.23 and a beta of 0.90.

Mistras Group (NYSE:MG - Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.16). Mistras Group had a net margin of 3.65% and a return on equity of 14.66%. The firm had revenue of $204.62 million during the quarter, compared to analyst estimates of $202.41 million. On average, equities analysts predict that Mistras Group will post 1.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Mistras Group

Several large investors have recently modified their holdings of MG. Dimensional Fund Advisors LP raised its holdings in Mistras Group by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,703,681 shares of the technology company's stock worth $25,180,000 after buying an additional 35,835 shares during the period. Weber Capital Management LLC ADV acquired a new position in shares of Mistras Group in the second quarter worth about $25,299,250. BlackRock Inc. acquired a new position in shares of Mistras Group in the second quarter worth about $20,373,000. Deutsche Bank AG purchased a new position in shares of Mistras Group in the second quarter worth approximately $6,804,000. Finally, Algert Global LLC increased its position in shares of Mistras Group by 29.8% in the second quarter. Algert Global LLC now owns 232,669 shares of the technology company's stock worth $4,065,000 after acquiring an additional 53,379 shares in the last quarter. 74.92% of the stock is owned by institutional investors.

About Mistras Group

Mistras Group, Inc provides asset protection and industrial inspection services designed to help companies monitor the condition, safety and performance of critical infrastructure. The company combines nondestructive testing, inspection, engineering, monitoring and data-management capabilities to identify defects and support maintenance decisions without interrupting the operation of industrial assets.

Its services and technologies include nondestructive testing and examination, mechanical integrity programs, acoustic-emission testing, structural health monitoring, rope access, remote visual inspection and other specialized inspection techniques.

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