Mistras Group (NYSE:MG) Receives Downgrade From Sidoti. Will Other Analysts Follow Suit?


Mistras Group (NYSE:MG) Receives a Downgrade

Shares of New York-listed Mistras Group (NYSE:MG) Have been downgraded by professional analysts at Sidoti. Sidoti lowered their rating for the $615.08 million market cap company to a “Neutral” from their previous “Buy” rating.

From a total of 6 analysts covering Mistras Group (NYSE:MG) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $25 while the lowest target price is $16. The mean of all analyst targets is $21.17 with a -16.01% below today’s ($19.05) stock price. Mistras Group was the topic of 4 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. KeyBanc Capital Markets upgraded shares on August 17 to “Overweight” rating.

Approximately 91,086 shares of stock traded hands. Mistras Group Inc (NYSE:MG) has risen 17.14% since May 13, 2015 and is uptrending. It has outperformed by 19.77% the S&P500.

Analysts await Mistras Group Inc (NYSE:MG) to reports earnings on January, 6. They expect $0.28 earnings per share, down 15.15% or $0.05 from last year’s $0.33 per share. MG’s profit will be $9.04 million for 17.01 P/E if the $0.28 EPS becomes reality. After $0.23 actual earnings per share reported by Mistras Group Inc for the previous quarter, Wall Street now forecasts 21.74% EPS growth.

The overall sentiment of institutions has decreased to 1.19 in Q2 2015. Its down 0.63, from 1.82 in 2015Q2. The ratio dropped, as 12 institutions have sold all the shares of Mistras Group Inc that they owned while 24 funds have taken shares off the table. 7 funds have purchased shares for the first time while 36 added to their positions. These institutions now hold 14.84 million shares or 7.04% less than the 15.97 million shares they owned in 2015Q2.

The Fund Bernzott Capital Advisors currently is holding shares equating to 3.39% of its total portfolio in Mistras Group Inc representing a total of 1.15 million shares. Another fund,Rutabaga Capital Management Llc Ma, is holding a total of 1.35 million shares equating to 2.14% of their holdings. Additionally, Marlowe Partners Lp has a 121,355 share stake in Mistras Group Inc which represents 1.02% of their total portfolio. The Fund, Broad Run Investment Management Llc, based out of Virginia, has also built up a stake in the stock, which represents a total of 0.67% of their total portfolio. Finally Gmt Capital Corp, a fund which is based in the state of Georgia reported a total holdings of 1.10 million shares.

Mistras Group, Inc. is a provider of asset protection solutions. The company has a market cap of $615.08 million. The Firm offers one source for asset protection solutions to its customers. It has 26.4 P/E ratio. The Firm has three divisions: Services, Products and Systems, and International.

According to Zacks Investment Research, “Mistras Group, Inc. is a global provider of technology-enabled, non-destructive testing (NDT) solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure. The Company delivers a portfolio of solutions, ranging from routine NDT inspections to plant-wide asset integrity assessment and management solutions. The Company serves a global customer base, including companies in the oil and gas, fossil and nuclear power generation and transmission, public infrastructure, chemicals, aerospace and defense, transportation, primary metals and metalworking, pharmaceuticals and food processing industries.”