S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
What to Expect from the Markets in a Recession
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
What to Expect from the Markets in a Recession
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
What to Expect from the Markets in a Recession
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
What to Expect from the Markets in a Recession
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
NYSE:MEG

Montrose Environmental Group - MEG Stock Forecast, Price & News

$41.64
+0.02 (+0.05%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$41.09
$42.25
50-Day Range
$29.60
$41.87
52-Week Range
$28.36
$80.42
Volume
77,600 shs
Average Volume
194,062 shs
Market Capitalization
$1.24 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$48.21

Montrose Environmental Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
15.8% Upside
$48.21 Price Target
Short Interest
Bearish
6.13% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$999,876 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.47) to $0.09 Per Share

Overall MarketRank

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

1.46 out of 5 stars

Business Services Sector

358th out of 429 stocks

Management Consulting Services Industry

20th out of 23 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. 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. It 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. The company was founded in 2012 and is headquartered in North Little Rock, Arkansas.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MEG shares. JPMorgan Chase & Co. raised Montrose Environmental Group from a "neutral" rating to an "overweight" rating and set a $47.00 target price on the stock in a research report on Wednesday, May 11th. TheStreet cut Montrose Environmental Group from a "c-" rating to a "d" rating in a research report on Friday, June 24th. Finally, Morgan Stanley dropped their target price on Montrose Environmental Group from $56.00 to $51.00 and set an "equal weight" rating on the stock in a research report on Friday, July 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Montrose Environmental Group has a consensus rating of "Moderate Buy" and an average price target of $48.21.

Montrose Environmental Group Stock Performance

Shares of MEG Stock traded up $0.02 during trading hours on Friday, reaching $41.64. 77,663 shares of the company traded hands, compared to its average volume of 118,318. The firm has a 50-day moving average price of $36.15 and a 200 day moving average price of $42.83. The company has a market cap of $1.24 billion, a P/E ratio of -30.62 and a beta of 1.53. Montrose Environmental Group has a 12-month low of $28.36 and a 12-month high of $80.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.40 and a quick ratio of 2.40.

Montrose Environmental Group (NYSE:MEG - Get Rating) last released its quarterly earnings data on Monday, May 9th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.36). The firm had revenue of $134.68 million during the quarter, compared to the consensus estimate of $133.45 million. Montrose Environmental Group had a negative return on equity of 1.47% and a negative net margin of 3.89%. As a group, sell-side analysts predict that Montrose Environmental Group will post -0.47 earnings per share for the current fiscal year.

Insider Activity at Montrose Environmental Group

In other Montrose Environmental Group news, Director James K. Price acquired 11,807 shares of the company's stock in a transaction that occurred on Tuesday, May 17th. The stock was bought at an average price of $42.35 per share, for a total transaction of $500,026.45. Following the acquisition, the director now directly owns 1,031,370 shares in the company, valued at $43,678,519.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Montrose Environmental Group news, Director James K. Price acquired 11,807 shares of the company's stock in a transaction that occurred on Tuesday, May 17th. The stock was bought at an average price of $42.35 per share, for a total transaction of $500,026.45. Following the acquisition, the director now directly owns 1,031,370 shares in the company, valued at $43,678,519.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James K. Price acquired 13,340 shares of the company's stock in a transaction that occurred on Thursday, May 12th. The shares were acquired at an average price of $37.47 per share, with a total value of $499,849.80. Following the acquisition, the director now owns 1,019,563 shares in the company, valued at $38,203,025.61. The disclosure for this purchase can be found here. 11.00% of the stock is owned by company insiders.

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MEG Stock News Headlines

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MEG Company Calendar

Last Earnings
5/09/2022
Today
8/07/2022
Next Earnings (Confirmed)
8/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Management consulting services
Sub-Industry
N/A
Fax
N/A
Employees
2,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$48.21
High Stock Price Forecast
$80.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+15.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$-25,330,000.00
Pretax Margin
-3.10%

Debt

Sales & Book Value

Annual Sales
$546.41 million
Cash Flow
$2.07 per share
Book Value
$10.73 per share

Miscellaneous

Free Float
26,414,000
Market Cap
$1.24 billion
Optionable
Not Optionable
Beta
1.53














MEG Stock - Frequently Asked Questions

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Montrose Environmental Group in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Montrose Environmental Group stock.
View analyst ratings for Montrose Environmental Group
or view top-rated stocks.

What is Montrose Environmental Group's stock price forecast for 2022?

6 brokerages have issued 12-month price objectives for Montrose Environmental Group's shares. Their MEG stock forecasts range from $11.00 to $80.00. On average, they predict Montrose Environmental Group's share price to reach $48.21 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price.
View analysts' price targets for Montrose Environmental Group
or view top-rated stocks among Wall Street analysts.

How has Montrose Environmental Group's stock performed in 2022?

Montrose Environmental Group's stock was trading at $70.51 at the beginning of 2022. Since then, MEG stock has decreased by 40.9% and is now trading at $41.64.
View the best growth stocks for 2022 here
.

When is Montrose Environmental Group's next earnings date?

Montrose Environmental Group is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022.
View our earnings forecast for Montrose Environmental Group
.

How can I listen to Montrose Environmental Group's earnings call?

Montrose Environmental Group will be holding an earnings conference call on Tuesday, August 9th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Montrose Environmental Group's earnings last quarter?

Montrose Environmental Group, Inc. (NYSE:MEG) posted its quarterly earnings data on Monday, May, 9th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.36. The business had revenue of $134.68 million for the quarter, compared to analyst estimates of $133.45 million. Montrose Environmental Group had a negative net margin of 3.89% and a negative trailing twelve-month return on equity of 1.47%.

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

Montrose Environmental Group updated its FY 2022 earnings guidance on Monday, June, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $520.00 million-$570.00 million, compared to the consensus revenue estimate of $544.37 million.

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

20 employees have rated Montrose Environmental Group CEO Vincent L. Sadusky on Glassdoor.com. Vincent L. Sadusky has an approval rating of 66% among Montrose Environmental Group'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 Honeywell International (HON), Procter & Gamble (PG), Alibaba Group (BABA), CVS Health (CVS), Home Depot (HD), Raytheon Technologies (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 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."

Who are Montrose Environmental Group's major shareholders?

Montrose Environmental Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Truist Financial Corp (4.10%), Granite Investment Partners LLC (1.73%), Emerald Advisers LLC (1.61%), Stephens Investment Management Group LLC (1.49%), DekaBank Deutsche Girozentrale (0.84%) and Lisanti Capital Growth LLC (0.80%). Company insiders that own Montrose Environmental Group stock include Allan Dicks, De Castro Jose Migue Fernandez, Holdings Ltd Oaktree, J Thomas Presby, James K Price, Janet Risi Field, Joshua W Lemaire, Nasym Afsari, Richard E Perlman, Richard E Perlman and Vijay Manthripragada.
View institutional ownership trends for Montrose Environmental Group
.

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 $41.64.

How much money does Montrose Environmental Group make?

Montrose Environmental Group (NYSE:MEG) has a market capitalization of $1.24 billion and generates $546.41 million in revenue each year. The company earns $-25,330,000.00 in net income (profit) each year or ($1.36) on an earnings per share basis.

How many employees does Montrose Environmental Group have?

Montrose Environmental Group employs 2,500 workers across the globe.

How can I contact Montrose Environmental Group?

The official website for Montrose Environmental Group is www.montrose-env.com. The company can be reached via phone at 949-988-3500 or via email at ir@montrose-env.com.

This page (NYSE:MEG) was last updated on 8/8/2022 by MarketBeat.com Staff

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