Mistras Group (NYSE:MG) Rating Lowered to Buy at Wall Street Zen

Key Points

• Wall Street Zen downgraded Mistras Group from a "strong-buy" to a "buy" rating in its Saturday research note.
• The company recently posted an earnings beat (Q1 EPS $0.25 vs. $0.20 est.; revenue $181.46M vs. $176.27M) and maintains a MarketBeat consensus rating of "Buy" with a $19.00 target.
• Shares trade near their 12‑month high (opened at $19.23), the market cap is about $612M with a P/E of 36.29, and roughly 74.9% of the stock is held by institutional investors.

Mistras Group (NYSE:MG - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings restated a "hold (c)" rating on shares of Mistras Group in a report on Tuesday, April 21st. Roth Mkm initiated coverage on shares of Mistras Group in a research report on Thursday. They issued a "buy" rating and a $22.00 price target on the stock. Finally, Zacks Research upgraded shares of Mistras Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Mistras Group currently has a consensus rating of "Buy" and a consensus target price of $19.00.

Mistras Group Trading Up 1.9%

Shares of MG stock opened at $19.23 on Friday. Mistras Group has a 12-month low of $7.06 and a 12-month high of $19.36. The company has a current ratio of 1.74, a quick ratio of 1.63 and a debt-to-equity ratio of 0.77. The firm's 50 day moving average is $15.86 and its 200 day moving average is $13.69. The stock has a market capitalization of $611.99 million, a P/E ratio of 36.29, a P/E/G ratio of 1.13 and a beta of 0.92.

Mistras Group (NYSE:MG - Get Free Report) last issued its earnings results on Wednesday, March 4th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. Mistras Group had a net margin of 2.33% and a return on equity of 12.77%. The company had revenue of $181.46 million for the quarter, compared to analysts' expectations of $176.27 million. Research analysts expect that Mistras Group will post 1.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Inspire Investing LLC raised its position in Mistras Group by 13.9% in the first quarter. Inspire Investing LLC now owns 115,815 shares of the technology company's stock worth $1,712,000 after acquiring an additional 14,154 shares during the period. Ritholtz Wealth Management raised its position in Mistras Group by 21.8% in the first quarter. Ritholtz Wealth Management now owns 104,752 shares of the technology company's stock worth $1,548,000 after acquiring an additional 18,749 shares during the period. Verdad Advisers LP bought a new position in Mistras Group in the fourth quarter worth approximately $632,000. Invenomic Capital Management LP raised its position in shares of Mistras Group by 0.7% during the 4th quarter. Invenomic Capital Management LP now owns 475,692 shares of the technology company's stock valued at $6,018,000 after purchasing an additional 3,156 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in shares of Mistras Group during the 4th quarter valued at $205,000. 74.92% of the stock is currently owned by institutional investors.

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.

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