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

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
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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%.

ETFs with the largest weight of Montrose Environmental Group (NYSE:MEG) stock in their portfolio include Alger Weatherbie Enduring Growth ETF (AWEG), VanEck Environmental Services ETF (EVX), First Trust Water ETF (FIW), VanEck Green Infrastructure ETF (RNEW), Ecofin Global Water ESG Fund (EBLU), Invesco S&P Global Water Index ETF (CGW).iShares Micro-Cap ETF (IWC) and

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.

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.

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).

(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.

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

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

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.

The company employs 2,900 workers across the globe.

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.