Montrose Environmental Group (NYSE:MEG - Get Free Report) is expected to be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Montrose Environmental Group to post earnings of ($0.09) per share and revenue of $187.64 million for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.
Montrose Environmental Group Stock Down 1.8 %
Shares of MEG traded down $0.33 during midday trading on Friday, reaching $17.72. 284,280 shares of the stock were exchanged, compared to its average volume of 377,847. Montrose Environmental Group has a 52 week low of $15.21 and a 52 week high of $49.97. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.60. The company's 50 day moving average is $19.84 and its two-hundred day moving average is $23.48. The company has a market capitalization of $607.80 million, a P/E ratio of -11.89 and a beta of 1.71.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on MEG. Needham & Company LLC reissued a "buy" rating and set a $39.00 price target on shares of Montrose Environmental Group in a research report on Tuesday, January 28th. Bank of America downgraded Montrose Environmental Group from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $52.00 to $29.00 in a research report on Wednesday, November 6th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $29.00 price target (down previously from $48.00) on shares of Montrose Environmental Group in a research report on Friday, November 8th. Evercore ISI decreased their price objective on Montrose Environmental Group from $40.00 to $33.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Finally, Stifel Nicolaus decreased their price objective on Montrose Environmental Group from $41.00 to $38.00 and set a "buy" rating for the company in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $33.60.
View Our Latest Stock Analysis on MEG
About Montrose Environmental Group
(
Get Free Report)
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.
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