In a report released today, Michael E. Hoffman from Stifel Nicolaus reiterated a Buy rating on Montrose Environmental Group (MEG – Research Report), with a price target of $48.00. The company’s shares closed yesterday at $41.38.
E. Hoffman covers the Industrials sector, focusing on stocks such as Clean Harbors, Fastenal Company, and Republic Services. According to TipRanks, E. Hoffman has an average return of 12.2% and a 60.87% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Montrose Environmental Group with a $46.00 average price target, an 11.16% upside from current levels. In a report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $48.00 price target.
See today’s best-performing stocks on TipRanks >>
Based on Montrose Environmental Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $167.94 million and a GAAP net loss of $7.53 million. In comparison, last year the company earned a revenue of $130.31 million and had a GAAP net loss of $5.72 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Montrose Environmental Group (MEG) Company Description:
Media General Inc was incorporated as Legacy Media General in Virginia and became a public company in 1969. The Company owns or operates 31 network-affiliated broadcast television stations as well as related websites and mobile news applications. The Company’s network affiliations include twelve CBS stations, nine NBC stations, seven ABC stations, one FOX station, one CW station and one MyNetworkTV station. Media General’s stations operate across 28 markets, reaching approximately 16.5 million, or 14 percent, of U.S. TV households. The ownership, operation and sale of television stations are subject to the jurisdiction of the Federal Communications Commission, which acts under the authority granted by the Communications Act of 1934, as amended.
Read More on MEG:
- Montrose Environmental reports Q4 EPS 27c vs 25c last yeat
- Montrose Environmental Group’s Upcoming Fiscal Year Financial Discussion
- Montrose Environmental acquires Two Dot Consulting, terms not disclosed
- Montrose Environmental Expands Credit Facility and Secures Loan
- Montrose Environmental resumed with a Buy at Stifel
