At the time of writing, Montrose Environmental Group Inc [MEG] stock is trading at $17.03, up 4.10%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MEG shares have gain 2.96% over the last week, with a monthly amount drifted -5.07%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Montrose Environmental Group Inc [NYSE: MEG] stock has seen the most recent analyst activity on December 19, 2024, when Needham reiterated its Buy rating and also revised its price target to $39 from $44. Previously, JP Morgan downgraded its rating to Neutral on November 08, 2024, and dropped its price target to $29. On November 06, 2024, downgrade downgraded it’s rating to Neutral. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $43 on August 14, 2024. JP Morgan upgraded its rating to Overweight for this stock on November 09, 2023, and downed its price target to $41. In a note dated March 02, 2023, JP Morgan downgraded an Neutral rating on this stock but restated the target price of $39.
For the past year, the stock price of Montrose Environmental Group Inc fluctuated between $15.21 and $49.97. Currently, Wall Street analysts expect the stock to reach $43 within the next 12 months. Montrose Environmental Group Inc [NYSE: MEG] shares were valued at $17.03 at the most recent close of the market. An investor can expect a potential return of 152.5% based on the average MEG price forecast.
Analyzing the MEG fundamentals
According to Montrose Environmental Group Inc [NYSE:MEG], the company’s sales were 673.08M for trailing twelve months, which represents an 6.40% jump. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.09 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.56.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.16 points at the first support level, and at 15.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.63, and for the 2nd resistance point, it is at 18.23.
Ratios To Look Out For
It is important to note that Montrose Environmental Group Inc [NYSE:MEG] has a current ratio of 1.93. Further, the Quick Ratio stands at 1.93, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.90, the price to book ratio is 1.30.
Transactions by insiders
Recent insider trading involved Manthripragada Vijay, President & CEO, that happened on May 06 ’24 when 12500.0 shares were sold.
