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Montrose Environmental Group (MEG) Stock Forecast, Price & News

$28.83
-0.43 (-1.47%)
(As of 01:57 PM ET)
Compare
Today's Range
$28.43
$29.13
50-Day Range
$29.12
$42.56
52-Week Range
$28.43
$55.00
Volume
73,589 shs
Average Volume
211,819 shs
Market Capitalization
$869.51 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$47.67

Montrose Environmental Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
67.3% Upside
$47.67 Price Target
Short Interest
Healthy
2.16% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$329,400 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($1.54) to ($0.99) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Business Services Sector

137th out of 317 stocks

Management Consulting Services Industry

12th out of 15 stocks


MEG stock logo

About Montrose Environmental Group (NYSE:MEG) Stock

Montrose Environmental Group, Inc. operates as an environmental services company in the United States and internationally. The company operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments, environmental emergency response and recovery, toxicology consulting and environmental audits and permits for current operations, facility upgrades, new projects, decommissioning projects, and development projects. Its technical advisory and consulting services include regulatory compliance support and planning, environmental, and ecosystem and toxicological assessments and support during responses to environmental disruptions. The Measurement and Analysis segment tests and analyzes air, water, and soil to determine concentrations of contaminants, as well as the toxicological impact of contaminants on flora, fauna, and human health. Its services include source and ambient air testing and monitoring, leak detection, and advanced analytical laboratory services, such as air, storm water, wastewater, and drinking water analysis. The Remediation and Reuse segment provides engineering, design, implementation, and operations and maintenance services primarily to treat contaminated water, remove contaminants from soil, or create biogas from waste. The company serves technology, media, chemical, energy, power and utility, industrial and manufacturing, financial, and engineering industries, as well as local, state, provincial, and federal government entities. Montrose Environmental Group, Inc. was founded in 2012 and is headquartered in North Little Rock, Arkansas.

MEG Price History

MEG Stock News Headlines

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Montrose Environmental Group (NYSE: MEG)
Ben Stein FREE Report: How Americans Are RUINING Retirement
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The Latest Analyst Ratings for Montrose Environmental Gr
See More Headlines
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MEG Company Calendar

Last Earnings
8/08/2023
Today
10/02/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Management consulting services
Sub-Industry
N/A
Fax
N/A
Employees
2,900
Year Founded
2012

Price Target and Rating

Average Stock Price Forecast
$47.67
High Stock Price Forecast
$54.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
+62.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$-31,820,000.00
Pretax Margin
-6.56%

Debt

Sales & Book Value

Annual Sales
$544.42 million
Cash Flow
$0.84 per share
Book Value
$10.54 per share

Miscellaneous

Free Float
26,567,000
Market Cap
$882.48 million
Optionable
Not Optionable
Beta
1.73

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Key Executives

  • Mr. Vijay  ManthripragadaMr. Vijay Manthripragada (Age 46)
    Pres, CEO & Director
    Comp: $908.4k
  • Mr. Allan Michael Dicks (Age 50)
    Chief Financial Officer
    Comp: $510.68k
  • Mr. Joshua W. LeMaireMr. Joshua W. LeMaire (Age 49)
    Chief Operating Officer
    Comp: $545.97k
  • Ms. Nasym Korloo Afsari (Age 40)
    Gen. Counsel & Sec.
    Comp: $510.68k
  • Mr. Jose M. Revuelta (Age 42)
    Chief Strategy Officer
    Comp: $584.16k
  • Mr. John Jackson
    Chief Information Officer
  • Ms. Margaret Dunbar
    VP of Marketing
  • Mr. Bryan Chubb B.Sc.
    C. Chem., Exec. VP of Sales
  • Mr. Kevin A. Gill (Age 62)
    Sr. VP of HR
  • Mr. Scott M. Churbock
    Sr. VP of Enterprise Risk & Regulatory Affairs













MEG Stock - Frequently Asked Questions

Should I buy or sell Montrose Environmental Group stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Montrose Environmental Group in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MEG shares.
View MEG analyst ratings
or view top-rated stocks.

What is Montrose Environmental Group's stock price forecast for 2023?

4 brokers have issued 12-month target prices for Montrose Environmental Group's stock. Their MEG share price forecasts range from $43.00 to $54.00. On average, they expect the company's share price to reach $47.67 in the next year. This suggests a possible upside of 62.9% from the stock's current price.
View analysts price targets for MEG
or view top-rated stocks among Wall Street analysts.

How have MEG shares performed in 2023?

Montrose Environmental Group's stock was trading at $44.39 at the start of the year. Since then, MEG shares have decreased by 34.1% and is now trading at $29.26.
View the best growth stocks for 2023 here
.

When is Montrose Environmental Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our MEG earnings forecast
.

How were Montrose Environmental Group's earnings last quarter?

Montrose Environmental Group, Inc. (NYSE:MEG) announced its earnings results on Tuesday, August, 8th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by $0.09. The firm had revenue of $159.10 million for the quarter, compared to analyst estimates of $144.13 million. Montrose Environmental Group had a negative net margin of 6.86% and a negative trailing twelve-month return on equity of 12.27%.

What ETFs hold Montrose Environmental Group's stock?
What guidance has Montrose Environmental Group issued on next quarter's earnings?

Montrose Environmental Group updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $590.00 million-$640.00 million, compared to the consensus revenue estimate of $588.98 million.

What is Vincent L. Sadusky's approval rating as Montrose Environmental Group's CEO?

20 employees have rated Montrose Environmental Group Chief Executive Officer Vincent L. Sadusky on Glassdoor.com. Vincent L. Sadusky has an approval rating of 66% among the company's employees.

What other stocks do shareholders of Montrose Environmental Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Montrose Environmental Group investors own include Procter & Gamble (PG), Alibaba Group (BABA), CVS Health (CVS), Home Depot (HD), RTX (RTX), Thermo Fisher Scientific (TMO), Cisco Systems (CSCO), CSX (CSX) and Johnson & Johnson (JNJ).

When did Montrose Environmental Group IPO?

(MEG) raised $160 million in an initial public offering (IPO) on Thursday, July 23rd 2020. The company issued 10,000,000 shares at $15.00-$17.00 per share. BofA Securities and William Blair served as the underwriters for the IPO and BNP PARIBAS, Capital One Securities, Stifel and Needham & Company were co-managers.

What is Montrose Environmental Group's stock symbol?

Montrose Environmental Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "MEG."

How do I buy shares of Montrose Environmental Group?

Shares of MEG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Montrose Environmental Group's stock price today?

One share of MEG stock can currently be purchased for approximately $29.26.

How much money does Montrose Environmental Group make?

Montrose Environmental Group (NYSE:MEG) has a market capitalization of $882.48 million and generates $544.42 million in revenue each year. The company earns $-31,820,000.00 in net income (profit) each year or ($1.84) on an earnings per share basis.

How many employees does Montrose Environmental Group have?

The company employs 2,900 workers across the globe.

How can I contact Montrose Environmental Group?

The official website for the company is www.montrose-env.com. The company can be reached via phone at 501-900-6400 or via email at ir@montrose-env.com.

This page (NYSE:MEG) was last updated on 10/2/2023 by MarketBeat.com Staff

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