NYSE:MEG

Montrose Environmental Group Stock Forecast, Price & News

$50.13
-0.44 (-0.87 %)
(As of 08/5/2021 12:00 AM ET)
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Today's Range
$49.26
$51.21
50-Day Range
$45.88
$54.91
52-Week Range
$21.96
$59.62
Volume140,782 shs
Average Volume198,502 shs
Market Capitalization$1.31 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
30 days | 90 days | 365 days | Advanced Chart
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Montrose Environmental Group logo

About Montrose Environmental Group

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 oil and gas, utilities, construction, midstream energy, commodities, petrochemical, and tobacco industries, as well as local, state, provincial, and federal government entities. The company was founded in 2012 and is headquartered in Irvine, California.

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MarketRank

Overall MarketRank

2.12 out of 5 stars

Business Services Sector

119th out of 368 stocks

Management Consulting Services Industry

10th out of 25 stocks

Analyst Opinion: 1.3Community Rank: 4.1Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -
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Montrose Environmental Group (NYSE:MEG) Frequently Asked Questions

Is Montrose Environmental Group a buy right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Montrose Environmental Group in the last twelve months. There are currently 6 hold ratings and 6 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 stocks does MarketBeat like better than Montrose Environmental Group?

Wall Street analysts have given Montrose Environmental Group a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Montrose Environmental Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Montrose Environmental Group's next earnings date?

Montrose Environmental Group is scheduled to release its next quarterly earnings announcement on Tuesday, August 10th 2021.
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 Wednesday, August 11th 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) released its quarterly earnings data on Wednesday, May, 12th. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.05. The company had revenue of $133.82 million for the quarter, compared to analyst estimates of $93.93 million. Montrose Environmental Group had a negative net margin of 7.06% and a positive trailing twelve-month return on equity of 17.90%.
View Montrose Environmental Group's earnings history
.

How has Montrose Environmental Group's stock been impacted by Coronavirus?

Montrose Environmental Group's stock was trading at $18.51 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MEG shares have increased by 170.8% and is now trading at $50.13.
View which stocks have been most impacted by COVID-19
.

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

Montrose Environmental Group issued an update on its FY 2021 earnings guidance on Tuesday, June, 8th. The company provided earnings per share (EPS) guidance of $- for the period. The company issued revenue guidance of $393.89 M-, compared to the consensus revenue estimate of $390.14 million.

What price target have analysts set for MEG?

12 equities research analysts have issued 12 month target prices for Montrose Environmental Group's stock. Their forecasts range from $3.25 to $63.00. On average, they anticipate Montrose Environmental Group's share price to reach $35.77 in the next year. This suggests that the stock has a possible downside of 28.6%.
View analysts' price targets for Montrose Environmental Group
or view top-rated stocks among Wall Street analysts.

Who are Montrose Environmental Group's key executives?

Montrose Environmental Group's management team includes the following people:
  • Mr. Vijay Manthripragada, Pres, CEO & Director (Age 44, Pay $3.29M)
  • Mr. Allan Michael Dicks, Chief Financial Officer (Age 49, Pay $1.58M)
  • Mr. Joshua W. LeMaire, Chief Operating Officer (Age 47, Pay $1.58M)
  • Ms. Nasym Korloo Afsari, Gen. Counsel & Sec. (Age 39, Pay $1.58M)
  • Mr. Jose M. Revuelta, Chief Strategy Officer (Age 40, Pay $1.58M)
  • Mr. John Kemp, VP of Technology
  • Ms. Margaret Dunbar, VP of Marketing
  • Mr. Kevin A. Gill, Sr. VP of HR (Age 60)
  • Mr. Scott M. Churbock, Sr. VP of Enterprise Risk & Regulatory Affairs
  • Mr. Todd Grosshandler, Exec. VP & Head of Commercialization

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.

Who are some of Montrose Environmental Group's key competitors?

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), The Procter & Gamble (PG), Alibaba Group (BABA), CVS Health (CVS), The 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 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.

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 a variety of retail and institutional investors. Top institutional shareholders include Emerald Advisers LLC (1.95%), Summit Creek Advisors LLC (0.93%), Calamos Advisors LLC (0.69%), DekaBank Deutsche Girozentrale (0.66%), Carnegie Capital Asset Management LLC (0.58%) and Russell Investments Group Ltd. (0.45%). Company insiders that own Montrose Environmental Group stock include Allan Dicks, Holdings Ltd Oaktree, J Thomas Presby, James K Price, Nasym Afsari and Vijay Manthripragada.
View institutional ownership trends for Montrose Environmental Group
.

Which major investors are selling Montrose Environmental Group stock?

MEG stock was sold by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Russell Investments Group Ltd., Granite Investment Partners LLC, Summit Creek Advisors LLC, Emerald Advisers LLC, Rhumbline Advisers, Los Angeles Capital Management LLC, and Rice Hall James & Associates LLC. Company insiders that have sold Montrose Environmental Group company stock in the last year include Allan Dicks, Holdings Ltd Oaktree, J Thomas Presby, James K Price, Nasym Afsari, and Vijay Manthripragada.
View insider buying and selling activity for Montrose Environmental Group
or view top insider-selling stocks.

Which major investors are buying Montrose Environmental Group stock?

MEG stock was acquired by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, New York State Common Retirement Fund, Envestnet Asset Management Inc., Alliancebernstein L.P., Wooster Corthell Wealth Management Inc., DekaBank Deutsche Girozentrale, Oppenheimer Asset Management Inc., and Advisor Group Holdings Inc..
View insider buying and selling activity for Montrose Environmental Group
or or view top insider-buying stocks.

How do I buy shares of Montrose Environmental Group?

Shares of MEG 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 $50.13.

How much money does Montrose Environmental Group make?

Montrose Environmental Group has a market capitalization of $1.31 billion and generates $328.24 million in revenue each year. The company earns $-57,950,000.00 in net income (profit) each year or ($4.69) on an earnings per share basis.

How many employees does Montrose Environmental Group have?

Montrose Environmental Group employs 1,850 workers across the globe.

What is Montrose Environmental Group's official website?

The official website for Montrose Environmental Group is www.montrose-env.com.

How can I contact Montrose Environmental Group?

The company can be reached via phone at 949 988 3500 or via email at [email protected]


This page was last updated on 8/5/2021 by MarketBeat.com Staff
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