At the time of writing, Montrose Environmental Group Inc [MEG] stock is trading at $14.15, up 4.81%. 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 21.15% over the last week, with a monthly amount drifted -16.22%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Montrose Environmental Group Inc [NYSE: MEG] stock has seen the most recent analyst activity on April 04, 2025, when Needham reiterated its Buy rating and also revised its price target to $28 from $39. Previously, Needham reaffirmed its Buy rating on December 19, 2024, and dropped its price target to $39. On November 08, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $29 on the stock. BofA Securities downgraded its rating to a Neutral. Evercore ISI initiated its recommendation with a Outperform and recommended $43 as its price target on August 14, 2024. In a note dated November 09, 2023, JP Morgan upgraded an Overweight rating on this stock and revised its target price from $46 to $41.
For the past year, the stock price of Montrose Environmental Group Inc fluctuated between $10.51 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 $14.15 at the most recent close of the market. An investor can expect a potential return of 203.89% based on the average MEG price forecast.
Analyzing the MEG fundamentals
According to Montrose Environmental Group Inc [NYSE:MEG], the company’s sales were 696.39M for trailing twelve months, which represents an 14.07% jump. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.15 and Total Capital is -0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.17.
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 13.51 points at the first support level, and at 12.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.48, and for the 2nd resistance point, it is at 14.81.
Ratios To Look Out For
It is important to note that Montrose Environmental Group Inc [NYSE:MEG] has a current ratio of 1.50. Further, the Quick Ratio stands at 1.50, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 0.70, the price to book ratio is 1.09.
Transactions by insiders
Recent insider trading involved Manthripragada Vijay, President & CEO, that happened on May 06 ’24 when 12500.0 shares were sold.
