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NYSE:MEG

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

$41.53
+8.52 (+25.81%)
(As of 01:45 PM ET)
Today's Range
$36.53
$41.53
50-Day Range
$26.64
$35.12
52-Week Range
$21.96
$45.96
Volume
294,640 shs
Average Volume
170,979 shs
Market Capitalization
$1.25 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$41.40

Montrose Environmental Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
7.5% Upside
$41.40 Price Target
Short Interest
Bearish
2.45% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.29mentions of Montrose Environmental Group in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.56) to ($0.20) 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.

0.54 out of 5 stars

Business Services Sector

268th out of 316 stocks

Management Consulting Services Industry

17th out of 17 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 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 Stock Price History

MEG Stock News Headlines

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Montrose Environmental Group, Inc. (5MO.MU)
MEG Mar 2024 30.000 put
MEG Feb 2024 35.000 put
Breaking Down Montrose Environmental Gr: 4 Analysts Share Their Views
See More Headlines
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Company Calendar

Last Earnings
8/09/2021
Today
2/29/2024
Next Earnings (Confirmed)
2/29/2024
Fiscal Year End
12/31/2024

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 Target
$41.40
High Stock Price Target
$54.00
Low Stock Price Target
$33.00
Potential Upside/Downside
+25.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$-31,820,000.00
Pretax Margin
-6.19%

Debt

Sales & Book Value

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

Miscellaneous

Free Float
26,596,000
Market Cap
$996.57 million
Optionable
Optionable
Beta
1.90

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Key Executives















MEG Stock Analysis - Frequently Asked Questions

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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Montrose Environmental Group in the last year. There are currently 1 hold rating and 4 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 target for 2024?

5 brokerages have issued 1-year target prices for Montrose Environmental Group's stock. Their MEG share price targets range from $33.00 to $54.00. On average, they anticipate the company's stock price to reach $41.40 in the next twelve months. This suggests a possible upside of 7.5% 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 2024?

Montrose Environmental Group's stock was trading at $32.13 at the start of the year. Since then, MEG shares have increased by 19.9% and is now trading at $38.52.
View the best growth stocks for 2024 here
.

Are investors shorting Montrose Environmental Group?

Montrose Environmental Group saw a increase in short interest in January. As of January 31st, there was short interest totaling 678,800 shares, an increase of 7.3% from the January 15th total of 632,600 shares. Based on an average daily volume of 204,100 shares, the days-to-cover ratio is currently 3.3 days.
View Montrose Environmental Group's Short Interest
.

When is Montrose Environmental Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 29th 2024.
View our MEG earnings forecast
.

How were Montrose Environmental Group's earnings last quarter?

Montrose Environmental Group, Inc. (NYSE:MEG) announced its quarterly earnings results on Monday, August, 9th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $0.09 by $0.63. The business had revenue of $136.22 million for the quarter, compared to analyst estimates of $118.95 million. Montrose Environmental Group had a negative trailing twelve-month return on equity of 10.10% and a negative net margin of 6.73%.

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

Montrose Environmental Group issued an update on its FY 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $675.0 million-$725.0 million, compared to the consensus revenue estimate of $666.9 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 IPO 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 served 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 stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.08%), Federated Hermes Inc. (3.78%), Truist Financial Corp (3.64%), Stephens Investment Management Group LLC (2.07%), Northern Trust Corp (1.67%) and Dimensional Fund Advisors LP (1.37%). Insiders that own company stock include Allan Dicks, De Castro Jose Migue Fernandez, 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
.

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.

This page (NYSE:MEG) was last updated on 2/29/2024 by MarketBeat.com Staff

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