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NYSE:MEG

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

Montrose Environmental Group logo
$17.03 +0.67 (+4.10%)
(As of 12/20/2024 05:31 PM ET)

About Montrose Environmental Group Stock (NYSE:MEG)

Key Stats

Today's Range
$15.89
$17.36
50-Day Range
$15.61
$27.65
52-Week Range
$15.21
$49.97
Volume
728,310 shs
Average Volume
431,215 shs
Market Capitalization
$584.15 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$35.60
Consensus Rating
Moderate Buy

Company Overview

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.

Montrose Environmental Group Stock Analysis - MarketRank™

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68th Percentile Overall Score

MEG MarketRank™: 

Montrose Environmental Group scored higher than 68% of companies evaluated by MarketBeat, and ranked 114th out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Montrose Environmental Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Montrose Environmental Group has only been the subject of 4 research reports in the past 90 days.

  • Read more about Montrose Environmental Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Montrose Environmental Group are expected to grow by 84.62% in the coming year, from $0.13 to $0.24 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Montrose Environmental Group is -11.43, 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 -11.43, 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 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    8.08% 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 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Montrose Environmental Group has recently decreased by 19.94%, indicating that investor sentiment is improving significantly.
  • 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.

  • Percentage of Shares Shorted

    8.08% 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 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Montrose Environmental Group has recently decreased by 19.94%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Montrose Environmental Group has a news sentiment score of -0.25. 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 0.60 average news sentiment score of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Montrose Environmental Group this week, compared to 4 articles on an average week.
  • MarketBeat Follows

    5 people have added Montrose Environmental Group to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.
  • 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.

  • Read more about Montrose Environmental Group's insider trading history.
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MEG Stock News Headlines

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MEG Stock Analysis - Frequently Asked Questions

Montrose Environmental Group's stock was trading at $32.13 at the beginning of the year. Since then, MEG stock has decreased by 47.0% and is now trading at $17.03.
View the best growth stocks for 2024 here
.

Montrose Environmental Group, Inc. (NYSE:MEG) released its quarterly earnings results on Monday, August, 9th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.63. The company earned $136.22 million during the quarter, compared to analyst estimates of $118.95 million. Montrose Environmental Group had a positive trailing twelve-month return on equity of 1.86% and a negative net margin of 5.28%.

Montrose Environmental Group (MEG) raised $160 million in an initial public offering (IPO) on Thursday, July 23rd 2020. The company issued 10,000,000 shares at $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.

Top institutional investors of Montrose Environmental Group include UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (6.45%), Fred Alger Management LLC (5.44%), Bamco Inc. NY (3.62%) and Geode Capital Management LLC (2.09%). Insiders that own company stock include James K Price, Richard E Perlman, Vijay Manthripragada, Allan Dicks, De Castro Jose Migue Fernandez, J Thomas Presby and Janet Risi Field.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Montrose Environmental Group investors own include Tesla (TSLA), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX) and Home Depot (HD).

Company Calendar

Last Earnings
8/09/2021
Today
12/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Management consulting services
Sub-Industry
Business Services
Fax
N/A
Employees
3,100
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$35.60
High Stock Price Target
$43.00
Low Stock Price Target
$29.00
Potential Upside/Downside
+109.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$-30,860,000.00
Pretax Margin
-5.18%

Debt

Sales & Book Value

Annual Sales
$673.08 million
Cash Flow
$2.34 per share
Book Value
$10.64 per share

Miscellaneous

Free Float
30,219,000
Market Cap
$584.15 million
Optionable
Optionable
Beta
1.71

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This page (NYSE:MEG) was last updated on 12/21/2024 by MarketBeat.com Staff
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