Montrose Environmental Group, Inc. (NYSE:MEG – Get Rating) Director Richard E. Perlman sold 23,790 shares of the stock in a transaction that occurred on Friday, January 20th. The stock was sold at an average price of $52.69, for a total value of $1,253,495.10. Following the sale, the director now owns 901,835 shares in the company, valued at $47,517,686.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Montrose Environmental Group Stock Up 4.7 %
Shares of Montrose Environmental Group stock opened at $52.79 on Friday. Montrose Environmental Group, Inc. has a 12 month low of $28.36 and a 12 month high of $57.49. The business has a fifty day simple moving average of $46.09 and a 200 day simple moving average of $41.97. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1.57 billion, a PE ratio of -40.30 and a beta of 1.63.
Montrose Environmental Group (NYSE:MEG – Get Rating) last announced its quarterly earnings results on Tuesday, November 8th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.13). The company had revenue of $130.31 million during the quarter, compared to the consensus estimate of $141.46 million. Montrose Environmental Group had a negative net margin of 4.10% and a negative return on equity of 6.42%. Research analysts predict that Montrose Environmental Group, Inc. will post -1.33 EPS for the current year.
Institutional Trading of Montrose Environmental Group
Analyst Ratings Changes
MEG has been the topic of a number of research analyst reports. Needham & Company LLC increased their price target on Montrose Environmental Group from $48.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, January 16th. Bank of America upgraded Montrose Environmental Group from a “neutral” rating to a “buy” rating in a research report on Monday, December 12th. Finally, Morgan Stanley decreased their price objective on Montrose Environmental Group from $51.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.67.
Montrose Environmental Group Company Profile
Montrose Environmental Group, Inc operates as an environmental services company in the United States. 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.
- Get a free copy of the StockNews.com research report on Montrose Environmental Group (MEG)
- MarketBeat Week in Review – 1/16 – 1/20
- Does Old Dominion Show That Trucking Is Hitting The Brakes?
- Nordstrom Puts Fear Of Markdowns Into Retail Sector
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving ’23 Growth
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.