Mistras Group Inc (NYSE:MG) has analysts on the Bullish side this week.

August 11, 2017 - By Winifred Garcia

 Mistras Group Inc (NYSE:MG) has analysts on the Bullish side this week.
Investors sentiment decreased to 0.85 in 2016 Q4. Its down 0.60, from 1.45 in 2016Q3. It dropped, as 18 investors sold Mistras Group Inc shares while 34 reduced holdings. 11 funds opened positions while 33 raised stakes. 15.44 million shares or 3.58% less from 16.01 million shares in 2016Q3 were reported.
Goldman Sachs Group holds 20,556 shares. Northern Tru Corp has 0% invested in Mistras Group Inc (NYSE:MG) for 216,611 shares. Bernzott Capital Advsr reported 667,682 shares stake. Renaissance Tech Ltd Liability Com stated it has 0.01% of its portfolio in Mistras Group Inc (NYSE:MG). Gotham Asset Mngmt Lc has 0.01% invested in Mistras Group Inc (NYSE:MG) for 37,850 shares. Royal Bancorp Of Canada reported 0.01% in Mistras Group Inc (NYSE:MG). Fenimore Asset Management owns 347,125 shares for 0.4% of their portfolio. 1,500 are owned by Ny State Teachers Retirement. United Automobile Association has invested 0.03% in Mistras Group Inc (NYSE:MG). Sterling Capital Ltd Liability Co reported 82,950 shares stake. Manufacturers Life Insurance Company The has 12,329 shares. Comerica Retail Bank stated it has 33,599 shares or 0.01% of all its holdings. State Street holds 0% of its portfolio in Mistras Group Inc (NYSE:MG) for 326,477 shares. Invesco Limited holds 49,664 shares or 0% of its portfolio. Gsa Prtnrs Ltd Liability Partnership reported 0.03% of its portfolio in Mistras Group Inc (NYSE:MG).

Since February 14, 2017, it had 1 insider purchase, and 8 insider sales for $8.61 million activity. The insider Bertolotti Dennis sold $188,748. DEBENEDICTIS NICHOLAS bought $50,625 worth of Mistras Group Inc (NYSE:MG) on Friday, March 24. Another trade for 85,985 shares valued at $2.00 million was made by Vahaviolos Sotirios J. on Tuesday, February 14.

Mistras Group Inc (NYSE:MG) Ratings Coverage

Among 10 analysts covering Mistras Group (NYSE:MG), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Mistras Group had 17 analyst reports since August 7, 2015 according to SRatingsIntel. On Wednesday, December 16 the stock rating was downgraded by Sidoti to “Neutral”. Canaccord Genuity maintained the shares of MG in report on Wednesday, August 9 with “Hold” rating. The firm has “Sector Weight” rating given on Thursday, April 7 by KeyBanc Capital Markets. Stephens downgraded it to “Equal Weight” rating and $17 target in Friday, August 7 report. The stock of Mistras Group Inc (NYSE:MG) earned “Outperform” rating by Scotia Capital on Friday, November 4. The firm earned “Outperform” rating on Friday, August 12 by Robert W. Baird. The stock of Mistras Group Inc (NYSE:MG) has “Outperform” rating given on Friday, January 6 by Scotia Capital. As per Friday, March 17, the company rating was downgraded by Bank of America. The company was upgraded on Monday, August 17 by KeyBanc Capital Markets. Scotia Capital maintained Mistras Group Inc (NYSE:MG) on Monday, February 27 with “Outperform” rating. Below is a list of Mistras Group Inc (NYSE:MG) latest ratings and price target changes.

09/08/2017 Broker: Canaccord Genuity Rating: Hold New Target: $20.0000 Maintain
09/08/2017 Broker: Robert W. Baird Rating: Buy New Target: $19.0000
15/05/2017 Broker: BMO Capital Markets Rating: Market Perform New Target: $47.00 Maintain
17/03/2017 Broker: Bank of America Old Rating: Buy New Rating: Neutral Downgrade
27/02/2017 Broker: Scotia Capital Rating: Outperform New Target: $65.00 Maintain

About 114,869 shares traded or 47.88% up from the average. Mistras Group Inc (NYSE:MG) has declined 10.21% since August 11, 2016 and is downtrending. It has underperformed by 26.91% the S&P500.

Mistras Group, Inc. offers asset protection solutions and is a well-known provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The company has market cap of $508.80 million.

More recent Mistras Group Inc (NYSE:MG) news were published by: Globenewswire.com which released: “MISTRAS Group Announces Conference Call to Discuss Second Quarter 2017 Results …” on July 25, 2017. Also Streetinsider.com published the news titled: “Mistras Group, Inc. (MG) Appoints Dennis Bertolotti as President and Chief …” on August 07, 2017. Globenewswire.com‘s news article titled: “Mistras Group Announces Second Quarter Results” with publication date: August 08, 2017 was also an interesting one.

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