Needham & Company LLC restated their buy rating on shares of Montrose Environmental Group (NYSE:MEG – Free Report) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $39.00 target price on the stock.
A number of other brokerages have also commented on MEG. Stifel Nicolaus cut their price target on Montrose Environmental Group from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Bank of America lowered Montrose Environmental Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $52.00 to $29.00 in a report on Wednesday, November 6th. Evercore ISI dropped their target price on Montrose Environmental Group from $40.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $29.00 target price (down previously from $48.00) on shares of Montrose Environmental Group in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.60.
Check Out Our Latest Stock Report on Montrose Environmental Group
Montrose Environmental Group Stock Performance
Hedge Funds Weigh In On Montrose Environmental Group
A number of institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Montrose Environmental Group by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,096 shares of the company’s stock worth $336,000 after buying an additional 636 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Montrose Environmental Group by 1.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 90,893 shares of the company’s stock worth $1,686,000 after buying an additional 1,108 shares during the last quarter. Wrapmanager Inc. increased its position in Montrose Environmental Group by 12.8% during the fourth quarter. Wrapmanager Inc. now owns 10,105 shares of the company’s stock worth $187,000 after buying an additional 1,150 shares during the last quarter. Walleye Capital LLC increased its position in Montrose Environmental Group by 2.3% during the fourth quarter. Walleye Capital LLC now owns 52,101 shares of the company’s stock worth $966,000 after buying an additional 1,173 shares during the last quarter. Finally, Natixis Advisors LLC increased its position in Montrose Environmental Group by 6.9% during the third quarter. Natixis Advisors LLC now owns 20,879 shares of the company’s stock worth $549,000 after buying an additional 1,351 shares during the last quarter. Institutional investors and hedge funds own 87.87% of the company’s stock.
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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