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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Montrose Environmental Group in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MEG shares. View MEG analyst ratings or view top-rated stocks .

What is Montrose Environmental Group's stock price target for 2024?

4 equities research analysts have issued 1 year price targets 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 $46.25 in the next twelve months. This suggests a possible upside of 10.3% 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 stock has increased by 30.5% and is now trading at $41.92. View the best growth stocks for 2024 here .

When is Montrose Environmental Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 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 data on Thursday, February, 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.08. The company had revenue of $165.74 million for the quarter, compared to analyst estimates of $157.31 million. Montrose Environmental Group had a negative trailing twelve-month return on equity of 5.64% and a negative net margin of 4.94%.

What ETFs hold Montrose Environmental Group's stock?

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) , iShares International Developed Small Cap Value Factor ETF (ISVL) , First Trust Water ETF (FIW) , Dimensional International Small Cap Value ETF (DISV) , First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) , Invesco International BuyBack Achievers ETF (IPKW) and VanEck Green Infrastructure ETF (RNEW) .

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

Montrose Environmental Group updated its FY 2024 earnings guidance on Friday, April, 19th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $690.0 million-$740.0 million, compared to the consensus revenue estimate of $706.0 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?

Montrose Environmental Group (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 number of retail and institutional investors. Top institutional shareholders include Naviter Wealth LLC (0.08%), Yarbrough Capital LLC (0.08%), WoodTrust Financial Corp (0.07%), Radnor Capital Management LLC (0.05%), Diversified Trust Co (0.04%) and Mainsail Asset Management LLC (0.02%). 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 .

NYSE:MEG

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

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Free MEG Stock Alerts

$41.92

+4.77 (+12.84%)

(As of 04/18/2024 ET)

Compare

Today's Range: $38.00
▼
$42.16
50-Day Range: $31.98
▼
$45.28
52-Week Range: $21.96
▼
$45.96

Volume: 2.02 million shs
Average Volume: 236,668 shs
Market Capitalization: $1.28 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $46.25

Get Montrose Environmental Group alerts:

Montrose Environmental Group MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 10.3% Upside
$46.25 Price Target
Short Interest: Bearish
2.73% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.30
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.16) to $0.07 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.

1.17 out of 5 stars

Business Services Sector

232nd out of 293 stocks

Management Consulting Services Industry

14th out of 16 stocks

2.5

Analyst's Opinion

Consensus Rating
Montrose Environmental Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Montrose Environmental Group has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.73% of the outstanding shares of Montrose Environmental Group have been sold short.
Short Interest Ratio / Days to Cover
Montrose Environmental Group has a short interest ratio ("days to cover") of 4.
Change versus previous month
Short interest in Montrose Environmental Group has recently increased by 9.92%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Montrose Environmental Group does not currently pay a dividend.
Dividend Growth
Montrose Environmental Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MEG.

2.4

News and Social Media Coverage

News Sentiment
Montrose Environmental Group has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Montrose Environmental Group this week, compared to 2 articles on an average week.
Search Interest
6 people have searched for MEG on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Montrose Environmental Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Montrose Environmental Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
11.90% of the stock of Montrose Environmental Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
87.87% of the stock of Montrose Environmental Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Montrose Environmental Group are expected to grow in the coming year, from ($0.16) to $0.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Montrose Environmental Group is -26.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Montrose Environmental Group is -26.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Montrose Environmental Group has a P/B Ratio of 3.94. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

MEG Stock News Headlines

April 18, 2024 | wsj.com

Montrose Environmental Group Inc.

April 18, 2024 | fool.com

Why Montrose Environmental Stock Eroded This Week

April 19, 2024 | Paradigm Press (Ad)

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Montrose Environmental Prices Public Offering Of 3 Mln Shares At $37.15/shr

April 18, 2024 | americanbankingnews.com

Montrose Environmental Group (NYSE:MEG) and Aeries Technology (NASDAQ:AERT) Head to Head Analysis

April 17, 2024 | businesswire.com

Montrose Environmental Group Announces Pricing of Public Offering of Shares

April 5, 2024 | fool.com

Why Montrose Environmental Group Stock Surged 13% Higher This Week

April 4, 2024 | uk.investing.com

Montrose Environmental acquires ETA, updates financial outlook

April 19, 2024 | Paradigm Press (Ad)

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MEG Apr 2024 50.000 call

April 3, 2024 | markets.businessinsider.com

Peeling Back The Layers: Exploring Montrose Environmental Gr Through Analyst Insights

April 2, 2024 | marketwatch.com

Montrose Environmental Group Raises 2024 Revenue Guidance After Deals

April 2, 2024 | markets.businessinsider.com

Montrose Environmental Buys Engineering & Technical Associates; Ups Annual Revenue Outlook

April 2, 2024 | finance.yahoo.com

Montrose Environmental Group Acquires ETA and Announces Increase to 2024 Revenue and Consolidated Adjusted EBITDA Outlook

March 7, 2024 | finance.yahoo.com

MEG Jul 2024 17.500 put

March 4, 2024 | finance.yahoo.com

Montrose Environmental Group to Present at the Evercore 16th Annual Industrial Conference

March 2, 2024 | seekingalpha.com

Montrose Environmental Group, Inc. (MEG) Q4 2023 Earnings Call Transcript

March 2, 2024 | finance.yahoo.com

Montrose Environmental Group Full Year 2023 Earnings: EPS Misses Expectations

March 1, 2024 | markets.businessinsider.com

In-Depth Examination Of 4 Analyst Recommendations For Montrose Environmental Gr

March 1, 2024 | finance.yahoo.com

Montrose Environmental Group, Inc. (NYSE:MEG) Q4 2023 Earnings Call Transcript

March 1, 2024 | finance.yahoo.com

Montrose Environmental Group Insiders Enjoying US$304k Appreciation On US$1.65m Investment

February 29, 2024 | fool.com

Why Montrose Environmental Group Stock Is Up Big Today

February 29, 2024 | washingtonpost.com

Montrose Environmental: Q4 Earnings Snapshot

February 29, 2024 | markets.businessinsider.com

Montrose Environmental Q4 Loss Narrows, Sees Growth In FY24; Buys Two Dot Consulting

February 29, 2024 | finance.yahoo.com

Montrose Environmental Group Inc. Reports Record Revenue and Cash Flow in Full Year 2023 Results

February 29, 2024 | businesswire.com

Montrose Environmental Group Announces Fourth Quarter and Full Year 2023 Results

February 29, 2024 | businesswire.com

Montrose Environmental Group Acquires Environmental Consultancy Specializing in Regulatory Services in Rocky Mountain Region

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Business Services
Industry: Management consulting services
Sub-Industry: N/A
Current Symbol: NYSE:MEG
CUSIP: N/A
CIK: 216539
Web: www.montrose-env.com
Phone: 501-900-6400
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: +10.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.58)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-30,860,000.00
Net Margins: -4.94%
Pretax Margin: -5.10%
Return on Equity: -5.64%
Return on Assets: -2.18%

Debt

Debt-to-Equity Ratio: 0.50
Current Ratio: 1.59
Quick Ratio: 1.59

Sales & Book Value

Annual Sales: $624.21 million
Price / Sales: 2.05
Cash Flow: $2.15 per share
Price / Cash Flow: 19.54
Book Value: $10.64 per share
Price / Book: 3.94

Miscellaneous

Outstanding Shares: 30,500,000
Free Float: 26,873,000
Market Cap: $1.28 billion
Optionable: Optionable
Beta: 2.00

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Key Executives

Mr. Vijay Manthripragada (Age 47)
President, CEO & Director
Comp: $1.92M
Mr. Allan Michael Dicks (Age 51)
Chief Financial Officer
Comp: $926.58k
Mr. Joshua W. LeMaire (Age 50)
Chief Operating Officer
Comp: $1.07M
Ms. Nasym Korloo Afsari (Age 41)
General Counsel & Secretary
Comp: $881.58k
Mr. Jose M. Revuelta (Age 42)
Chief Strategy Officer
Comp: $819.97k
Mr. John Jackson
Chief Information Officer
Ms. Margaret Dunbar
Vice President of Marketing
Mr. Bryan Chubb B.Sc.
C. Chem., Executive Vice President of Sales
Mr. Kevin A. Gill (Age 63)
Senior Vice President of Human Resources
Mr. Scott M. Churbock
Senior Vice President of Enterprise Risk & Regulatory Affairs

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MEG Stock Analysis - Frequently Asked Questions

Should I buy or sell Montrose Environmental Group stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Montrose Environmental Group in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MEG shares.
View MEG analyst ratings or view top-rated stocks.
What is Montrose Environmental Group's stock price target for 2024?: 4 equities research analysts have issued 1 year price targets 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 $46.25 in the next twelve months. This suggests a possible upside of 10.3% 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 stock has increased by 30.5% and is now trading at $41.92.
View the best growth stocks for 2024 here.
When is Montrose Environmental Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 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 data on Thursday, February, 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.08. The company had revenue of $165.74 million for the quarter, compared to analyst estimates of $157.31 million. Montrose Environmental Group had a negative trailing twelve-month return on equity of 5.64% and a negative net margin of 4.94%.
What ETFs hold Montrose Environmental Group's stock?: 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), iShares International Developed Small Cap Value Factor ETF (ISVL), First Trust Water ETF (FIW), Dimensional International Small Cap Value ETF (DISV), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), Invesco International BuyBack Achievers ETF (IPKW) and VanEck Green Infrastructure ETF (RNEW).

What guidance has Montrose Environmental Group issued on next quarter's earnings?: Montrose Environmental Group updated its FY 2024 earnings guidance on Friday, April, 19th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $690.0 million-$740.0 million, compared to the consensus revenue estimate of $706.0 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?: Montrose Environmental Group (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 number of retail and institutional investors. Top institutional shareholders include Naviter Wealth LLC (0.08%), Yarbrough Capital LLC (0.08%), WoodTrust Financial Corp (0.07%), Radnor Capital Management LLC (0.05%), Diversified Trust Co (0.04%) and Mainsail Asset Management LLC (0.02%). 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 4/19/2024 by MarketBeat.com Staff

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