A share price of Montrose Environmental Group Inc [MEG] is currently trading at $17.70, up 17.61%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MEG shares have gain 19.76% over the last week, with a monthly amount glided 64.80%, and 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.
Montrose Environmental Group Inc experienced fluctuations in its stock price throughout the past year between $10.51 and $49.97. Currently, Wall Street analysts expect the stock to reach $49.33 within the next 12 months. Montrose Environmental Group Inc [NYSE: MEG] shares were valued at $17.70 at the most recent close of the market. An investor can expect a potential return of 178.7% based on the average MEG price forecast.
Analyzing the MEG fundamentals
Trailing Twelve Months sales for Montrose Environmental Group Inc [NYSE:MEG] were 718.90M which represents 14.49% growth. 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 -0.09%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.63.
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 15.59 points at the first support level, and at 13.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.21, and for the 2nd resistance point, it is at 24.72.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Montrose Environmental Group Inc [NYSE:MEG] is 2.05. In addition, the Quick Ratio stands at 1.50 and the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 0.85, the price to book ratio is 1.40.
