NYSE:MEG

Montrose Environmental Group (MEG) Price Target & Analyst Ratings

$36.46

+0.33 (+0.91%)

(As of 06/2/2023 ET)

Compare

Today's Range: $36.31
▼
$37.85
50-Day Range: $28.87
▼
$38.85
52-Week Range: $28.36
▼
$55.00

Volume: 566,580 shs
Average Volume: 182,881 shs
Market Capitalization: $1.10 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $45.33

Montrose Environmental Group Consensus Rating and Price Target (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Moderate Buy
Based on 5 Analyst Ratings

Consensus Analyst Price Target

$45.33
24.34% Upside

High Prediction	$54.00
Average Prediction	$45.33
Low Prediction	$39.00

Type	Current 6/4/22 to 6/4/23	1 Month Ago 5/5/22 to 5/5/23	3 Months Ago 3/6/22 to 3/6/23	1 Year Ago 6/4/21 to 6/4/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$45.33	$45.33	$46.67	$52.83
Predicted Upside	24.34% Upside	11.45% Upside	4.25% Upside	-2.87% Downside

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MEG Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MEG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Montrose Environmental Group Stock vs. The Competition

Type	Montrose Environmental Group	Business Services Companies	S&P 500
Consensus Rating Score	2.60	2.56	2.48
Consensus Rating	Moderate Buy	Buy	Hold
Predicted Upside	24.34% Upside	326.31% Upside	209.75% Upside
News Sentiment Rating	Very Positive News	Neutral News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/9/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight	$47.00 ➝ $43.00	+22.40%
3/2/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$58.00 ➝ $54.00	+24.28%
3/2/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$39.00	-10.24%
12/12/2022	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
8/11/2022	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Meric Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight

(Data available from 6/4/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

MEG Price Target - Frequently Asked Questions

What is Montrose Environmental Group's consensus rating and price target?: According to the issued ratings of 5 analysts in the last year, the consensus rating for Montrose Environmental Group stock is Moderate Buy based on the current 2 hold ratings and 3 buy ratings for MEG. The average twelve-month price prediction for Montrose Environmental Group is $45.33 with a high price target of $54.00 and a low price target of $39.00. Learn more on MEG's analyst rating history.
Do Wall Street analysts like Montrose Environmental Group more than its competitors?: Analysts like Montrose Environmental Group more than other Business Services companies. The consensus rating for Montrose Environmental Group is Moderate Buy while the average consensus rating for business services companies is Buy. Learn more on how MEG compares to other companies.
Does Montrose Environmental Group's stock price have much upside?: According to analysts, Montrose Environmental Group's stock has a predicted upside of 11.45% based on their 12-month price targets.

What analysts cover Montrose Environmental Group?: Montrose Environmental Group has been rated by Morgan Stanley in the past 90 days.

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This page (NYSE:MEG) was last updated on 6/4/2023 by MarketBeat.com Staff

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