Mistras Group (NYSE:MG) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Mistras Group from a “buy” to a “strong-buy” rating, adding to a generally positive analyst backdrop for the stock.
• Other analysts are mixed but still constructive: Zacks Research also upgraded the shares to “strong-buy,” while Roth Mkm started coverage with a buy rating and a $22 price target. MarketBeat reports an overall consensus rating of Buy with a $19 target.
• Mistras Group recently reported quarterly EPS of $0.08 and revenue of $169.03 million, topping expectations. The stock was trading down 6.1% on Friday, despite being near its 52-week high.

Mistras Group (NYSE:MG - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Sunday.

Several other research analysts also recently weighed in on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Mistras Group in a research note on Tuesday, April 21st. Zacks Research upgraded shares of Mistras Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 10th. Finally, Roth Mkm initiated coverage on shares of Mistras Group in a research note on Thursday, April 30th. They set a "buy" rating and a $22.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Mistras Group currently has an average rating of "Buy" and a consensus target price of $19.00.

Mistras Group Trading Down 6.1%

NYSE:MG opened at $17.60 on Friday. Mistras Group has a 1 year low of $7.22 and a 1 year high of $19.56. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.74. The stock has a 50-day simple moving average of $16.09 and a 200-day simple moving average of $13.94. The stock has a market cap 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.

Mistras Group (NYSE:MG - Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.08 EPS for the quarter. Mistras Group had a return on equity of 13.70% and a net margin of 3.06%.The firm had revenue of $169.03 million for the quarter, compared to analysts' expectations of $164.25 million. As a group, analysts anticipate that Mistras Group will post 1.05 earnings per share for the current fiscal year.

Institutional Trading of Mistras Group

Institutional investors have recently made changes to their positions in the stock. Royce & Associates LP raised its position in shares of Mistras Group by 5.6% in the 3rd quarter. Royce & Associates LP now owns 1,342,747 shares of the technology company's stock worth $13,213,000 after buying an additional 71,490 shares during the period. Ritholtz Wealth Management increased its stake in Mistras Group by 285.7% during the fourth quarter. Ritholtz Wealth Management now owns 86,003 shares of the technology company's stock worth $1,088,000 after acquiring an additional 63,703 shares during the last quarter. Acuitas Investments LLC raised its holdings in shares of Mistras Group by 51.7% in the 3rd quarter. Acuitas Investments LLC now owns 643,483 shares of the technology company's stock worth $6,332,000 after purchasing an additional 219,421 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Mistras Group in the 3rd quarter worth about $846,000. Finally, Invenomic Capital Management LP purchased a new stake in shares of Mistras Group during the 3rd quarter worth about $4,650,000. 74.92% of the stock is owned by hedge funds and other 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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