Montrose Environmental Group, Inc. (NYSE:MEG – Get Free Report) CEO Vijay Manthripragada sold 12,500 shares of Montrose Environmental Group stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $46.51, for a total value of $581,375.00. Following the completion of the transaction, the chief executive officer now owns 316,637 shares in the company, valued at approximately $14,726,786.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Montrose Environmental Group Price Performance
Shares of NYSE MEG opened at $43.05 on Friday. Montrose Environmental Group, Inc. has a 52 week low of $21.96 and a 52 week high of $47.94. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1.32 billion, a P/E ratio of -27.25 and a beta of 1.91. The business’s 50 day moving average price is $41.05 and its 200 day moving average price is $33.95.
Montrose Environmental Group (NYSE:MEG – Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.08. Montrose Environmental Group had a negative net margin of 4.94% and a negative return on equity of 5.64%. The business had revenue of $165.74 million for the quarter, compared to the consensus estimate of $157.31 million. On average, sell-side analysts expect that Montrose Environmental Group, Inc. will post -0.18 earnings per share for the current year.
Hedge Funds Weigh In On Montrose Environmental Group
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $51.00 target price (up from $48.00) on shares of Montrose Environmental Group in a research note on Wednesday, April 3rd. Needham & Company LLC restated a “buy” rating and set a $54.00 price target on shares of Montrose Environmental Group in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Montrose Environmental Group from $41.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st.
View Our Latest Analysis on Montrose Environmental Group
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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