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NYSE:MEG

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

$31.67
+0.65 (+2.10%)
(As of 07/26/2024 ET)
Today's Range
$30.85
$32.25
50-Day Range
$30.55
$49.82
52-Week Range
$21.96
$49.97
Volume
478,804 shs
Average Volume
297,178 shs
Market Capitalization
$1.08 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$46.25

Montrose Environmental Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
46.0% Upside
$46.25 Price Target
Short Interest
Healthy
4.96% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.83mentions of Montrose Environmental Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$581,375 Sold Last Quarter
Proj. Earnings Growth
123.53%
From $0.17 to $0.38 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.03 out of 5 stars

Business Services Sector

67th out of 317 stocks

Management Consulting Services Industry

6th out of 19 stocks

MEG stock logo

About Montrose Environmental Group Stock (NYSE:MEG)

Montrose Environmental Group, Inc. operates as an environmental services company in the United States, Canada, 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. This segment also offers technical advisory and consulting services, including regulatory compliance support and planning, environmental, 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 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 financial, oil and gas, utilities, construction, automotive, real-estate, midstream energy, manufacturing, commodities, petrochemical, food and beverage, telecommunications, 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 Stock Price History

MEG Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Management consulting services
Sub-Industry
Business Services
Fax
N/A
Employees
3,100
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$46.25
High Stock Price Target
$54.00
Low Stock Price Target
$33.00
Potential Upside/Downside
+46.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-30,860,000.00
Pretax Margin
-4.84%

Debt

Sales & Book Value

Annual Sales
$624.21 million
Cash Flow
$2.23 per share
Book Value
$10.64 per share

Miscellaneous

Free Float
30,025,000
Market Cap
$1.08 billion
Optionable
Optionable
Beta
1.88

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Key Executives


MEG Stock Analysis - Frequently Asked Questions

How have MEG shares performed this year?

Montrose Environmental Group's stock was trading at $32.13 at the beginning of 2024. Since then, MEG shares have decreased by 1.4% and is now trading at $31.67.
View the best growth stocks for 2024 here
.

How were Montrose Environmental Group's earnings last quarter?

Montrose Environmental Group, Inc. (NYSE:MEG) posted its quarterly earnings data on Tuesday, May, 7th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.01. The business had revenue of $155.33 million for the quarter, compared to analyst estimates of $152.61 million. Montrose Environmental Group had a negative net margin of 4.55% and a negative trailing twelve-month return on equity of 1.78%.

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.

When did Montrose Environmental Group IPO?

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

Who are Montrose Environmental Group's major shareholders?

Montrose Environmental Group's top institutional shareholders include Bank of New York Mellon Corp (1.11%), Legato Capital Management LLC (0.13%), Calamos Advisors LLC (0.11%) and Moody National Bank Trust Division (0.08%). Insiders that own company stock include James K Price, Richard E Perlman, Vijay Manthripragada, Allan Dicks, De Castro Jose Migue Fernandez, J Thomas Presby, Janet Risi Field, Nasym Afsari and Joshua W Lemaire.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Montrose Environmental Group own?

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

This page (NYSE:MEG) was last updated on 7/26/2024 by MarketBeat.com Staff

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