Montrose Environmental Group (MEG) Stock Forecast & Price Target

$18.83 +0.11 (+0.59%)

(As of 11/29/2024 ET)

Montrose Environmental Group - Analysts' Recommendations and Stock Price Forecast (2024)

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 Rating

Moderate Buy

Based on 5 Analyst Ratings

Sell
0

Hold
2

Buy
3

Based on 5 Wall Street analysts who have issued ratings for Montrose Environmental Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 2 have given a hold rating, and 3 have given a buy rating for MEG.

Consensus Price Target

$39.20
108.18% Upside

According to the 5 analysts' twelve-month price targets for Montrose Environmental Group, the average price target is $39.20. The highest price target for MEG is $51.00, while the lowest price target for MEG is $29.00. The average price target represents a forecasted upside of 108.18% from the current price of $18.83.

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MEG Analyst Ratings Over Time

Type	Current Forecast 12/1/23 to 11/30/24	1 Month Ago 11/1/23 to 10/31/24	3 Months Ago 9/2/23 to 9/1/24	1 Year Ago 12/1/22 to 12/1/23
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)	5 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	2 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$39.20	$45.60	$45.60	$42.75
Forecasted Upside	108.18% Upside	72.86% Upside	38.60% Upside	33.18% Upside
Consensus Rating	Moderate Buy	Buy	Buy	Moderate Buy

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MEG Analyst Recommendations 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	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	108.18% Upside	330.59% Upside	6.50% Upside
News Sentiment Rating	Positive News See Recent MEG News	Positive News	Positive News

Recent Analyst Forecasts and Stock 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
11/8/2024	Needham & Company LLC 2 of 5 stars		Lower Target	Buy ➝ Buy	$54.00 ➝ $44.00	+85.89%
11/8/2024	JPMorgan Chase & Co. 3 of 5 stars		Reiterated Rating	Overweight ➝ Neutral	$48.00 ➝ $29.00	+22.52%
11/6/2024	Bank of America 4 of 5 stars		Downgrade	Buy ➝ Neutral	$52.00 ➝ $29.00	+6.85%
10/17/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Chopra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$43.00	+54.84%
4/3/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$48.00 ➝ $51.00	+15.99%
11/8/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$31.00 ➝ $33.00	+27.91%
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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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:28 AM ET.

MEG Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Montrose Environmental Group is $39.20, with a high forecast of $51.00 and a low forecast of $29.00.
: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Montrose Environmental Group in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MEG shares.
: According to analysts, Montrose Environmental Group's stock has a predicted upside of 108.18% based on their 12-month stock forecasts.
: Over the previous 90 days, Montrose Environmental Group's stock had 1 downgrade by analysts.
: Montrose Environmental Group has been rated by research analysts at Bank of America, Evercore ISI, JPMorgan Chase & Co., and Needham & Company LLC in the past 90 days.
: Analysts like Montrose Environmental Group less than other "business services" companies. The consensus rating score for Montrose Environmental Group is 2.60 while the average consensus rating score for "business services" companies is 2.68. Learn more on how MEG compares to other companies.

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This page (NYSE:MEG) was last updated on 11/30/2024 by MarketBeat.com Staff

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Montrose Environmental Group (MEG) Stock Forecast & Price Target