Shares of Montrose Environmental Group, Inc. (NYSE:MEG – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $17.94, but opened at $18.75. Montrose Environmental Group shares last traded at $19.51, with a volume of 15,795 shares.
Wall Street Analysts Forecast Growth
MEG has been the topic of a number of recent analyst reports. Evercore ISI set a $43.00 price target on Montrose Environmental Group in a research report on Thursday, October 17th. Needham & Company LLC decreased their target price on Montrose Environmental Group from $54.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $29.00 target price (down previously from $48.00) on shares of Montrose Environmental Group in a research report on Friday, November 8th. Finally, Bank of America downgraded Montrose Environmental Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $52.00 to $29.00 in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Montrose Environmental Group has a consensus rating of “Moderate Buy” and an average target price of $39.20.
Check Out Our Latest Stock Report on Montrose Environmental Group
Montrose Environmental Group Trading Up 5.8 %
Institutional Investors Weigh In On Montrose Environmental Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. increased its stake in Montrose Environmental Group by 43.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,942 shares of the company’s stock worth $86,000 after acquiring an additional 586 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Montrose Environmental Group in the third quarter valued at $111,000. CANADA LIFE ASSURANCE Co grew its stake in shares of Montrose Environmental Group by 11.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 4,765 shares of the company’s stock valued at $187,000 after buying an additional 504 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Montrose Environmental Group in the second quarter valued at $204,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Montrose Environmental Group in the third quarter valued at $212,000. Institutional investors and hedge funds own 87.87% of the company’s stock.
About Montrose Environmental Group
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.
See Also
- Five stocks we like better than Montrose Environmental Group
- The 3 Best Blue-Chip Stocks to Buy Now
- Why Palo Alto Networks’ Multi-Year Uptrend is Far From Over
- There Are Different Types of Stock To Invest In
- 3 Rock-Solid Buying Opportunities in the Market Right Now
- P/E Ratio Calculation: How to Assess Stocks
- TJX Companies Stock Poised to Hit a New High This Year
Receive News & Ratings for Montrose Environmental Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Montrose Environmental Group and related companies with MarketBeat.com's FREE daily email newsletter.