Montrose Environmental Group, Inc. (NYSE:MEG – Get Free Report) CEO Vijay Manthripragada sold 12,500 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $46.51, for a total value of $581,375.00. Following the completion of the sale, the chief executive officer now owns 316,637 shares of the company’s stock, valued at $14,726,786.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Montrose Environmental Group Stock Performance
Shares of Montrose Environmental Group stock traded down $0.22 during trading on Thursday, hitting $43.05. 405,178 shares of the company’s stock were exchanged, compared to its average volume of 259,413. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -27.23 and a beta of 1.91. The business has a 50-day simple moving average of $41.01 and a 200-day simple moving average of $33.89. Montrose Environmental Group, Inc. has a 52-week low of $21.96 and a 52-week high of $47.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.59 and a current ratio of 1.59.
Montrose Environmental Group (NYSE:MEG – Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.08. Montrose Environmental Group had a negative return on equity of 5.64% and a negative net margin of 4.94%. The business had revenue of $165.74 million during the quarter, compared to analyst estimates of $157.31 million. On average, research analysts forecast that Montrose Environmental Group, Inc. will post -0.18 EPS for the current year.
Hedge Funds Weigh In On Montrose Environmental Group
Analyst Upgrades and Downgrades
MEG has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Montrose Environmental Group from $41.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Stifel Nicolaus reiterated a “buy” rating and set a $51.00 price target (up previously from $48.00) on shares of Montrose Environmental Group in a research note on Wednesday, April 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $54.00 price objective on shares of Montrose Environmental Group in a research note on Thursday.
Get Our Latest Stock Report on MEG
Montrose Environmental Group Company Profile
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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