Montrose Environmental Group, Inc. (NYSE:MEG) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts: The average recommendation is "Hold" from five analysts (1 sell, 2 hold, 2 buy) with an average 12‑month price target of $34.67.
• Insider selling: CEO Vijay Manthripragada sold 46,121 shares at $25.41; insiders have sold 107,527 shares (~$2.9M) in the last three months and now own 10.4% of the company.
• Recent results: Montrose beat estimates with EPS $0.35 vs $0.24 and revenue $193.27M vs $186.24M, but reported a slight negative net margin (‑0.10%) and trades around $21.22 (12‑month range $13.75–$32.00; market cap ≈ $767M).

Shares of Montrose Environmental Group, Inc. (NYSE:MEG - Get Free Report) have earned an average recommendation of "Hold" from the five ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $34.6667.

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Montrose Environmental Group from a "buy" rating to a "hold" rating in a research note on Saturday, January 17th. Needham & Company LLC increased their price objective on Montrose Environmental Group from $32.00 to $35.00 and gave the stock a "buy" rating in a report on Thursday, February 26th.

Insider Transactions at Montrose Environmental Group

In other news, CEO Vijay Manthripragada sold 46,121 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $25.41, for a total transaction of $1,171,934.61. Following the transaction, the chief executive officer owned 236,788 shares in the company, valued at $6,016,783.08. This represents a 16.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director J Thomas Presby sold 10,000 shares of Montrose Environmental Group stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $28.87, for a total transaction of $288,700.00. Following the completion of the sale, the director directly owned 62,614 shares of the company's stock, valued at approximately $1,807,666.18. The trade was a 13.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 107,527 shares of company stock worth $2,908,583. Corporate insiders own 10.40% of the company's stock.

Hedge Funds Weigh In On Montrose Environmental Group

Institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Montrose Environmental Group by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,876 shares of the company's stock worth $269,000 after acquiring an additional 780 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Montrose Environmental Group by 39.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 326,969 shares of the company's stock valued at $4,663,000 after acquiring an additional 92,671 shares in the last quarter. Rhumbline Advisers lifted its holdings in Montrose Environmental Group by 27.9% in the 2nd quarter. Rhumbline Advisers now owns 57,667 shares of the company's stock worth $1,262,000 after purchasing an additional 12,566 shares during the last quarter. Invesco Ltd. lifted its holdings in Montrose Environmental Group by 13.1% in the 2nd quarter. Invesco Ltd. now owns 152,085 shares of the company's stock worth $3,329,000 after purchasing an additional 17,601 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in Montrose Environmental Group by 245.0% during the second quarter. Marshall Wace LLP now owns 383,661 shares of the company's stock worth $8,398,000 after purchasing an additional 272,444 shares during the period. 87.87% of the stock is currently owned by institutional investors.

Montrose Environmental Group Price Performance

Shares of NYSE:MEG opened at $21.22 on Thursday. The stock has a market cap of $767.42 million, a price-to-earnings ratio of -88.40, a PEG ratio of 1.82 and a beta of 2.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.43 and a quick ratio of 1.43. Montrose Environmental Group has a 12 month low of $13.75 and a 12 month high of $32.00. The stock's 50 day moving average price is $23.63 and its 200 day moving average price is $24.99.

Montrose Environmental Group (NYSE:MEG - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. Montrose Environmental Group had a negative net margin of 0.10% and a positive return on equity of 4.47%. The firm had revenue of $193.27 million during the quarter, compared to analysts' expectations of $186.24 million. During the same period last year, the firm posted ($0.90) earnings per share. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. Equities research analysts anticipate that Montrose Environmental Group will post 0.13 earnings per share for the current fiscal year.

Montrose Environmental Group Company Profile

Montrose Environmental Group NYSE: MEG is a global provider of environmental technical and monitoring services, delivering solutions for site assessment, remediation, compliance and long-term environmental stewardship. The company serves a broad range of industries, including energy, manufacturing, chemicals, mining and government agencies, supporting clients with risk management strategies, regulatory permitting and environmental permitting.

Montrose's core offerings encompass environmental consulting, engineering design, field sampling and laboratory analysis, plus innovative digital monitoring platforms.

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