Montrose Environmental Group (MEG) Projected to Post Earnings on Wednesday

Montrose Environmental Group (NYSE:MEG) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Montrose Environmental Group to post earnings of ($0.09) per share and revenue of $187.64 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Montrose Environmental Group Stock Up 1.1 %

Shares of NYSE:MEG opened at $17.94 on Tuesday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.60. The firm has a 50 day simple moving average of $19.83 and a 200-day simple moving average of $23.34. The company has a market capitalization of $615.39 million, a PE ratio of -12.04 and a beta of 1.71. Montrose Environmental Group has a twelve month low of $15.21 and a twelve month high of $49.97.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MEG. Bank of America downgraded shares of Montrose Environmental Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $52.00 to $29.00 in a research note on Wednesday, November 6th. Stifel Nicolaus dropped their price objective on Montrose Environmental Group from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $39.00 price objective on shares of Montrose Environmental Group in a report on Tuesday, January 28th. Evercore ISI dropped their price objective on Montrose Environmental Group from $40.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $29.00 price target (down previously from $48.00) on shares of Montrose Environmental Group in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Montrose Environmental Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.60.

Montrose Environmental Group Company Profile

Montrose Environmental Group, Inc operates as an environmental services company in the United States, Canada, and internationally. The company operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments; environmental emergency response and recovery; toxicology consulting and environmental audits and permits for current operations; facility upgrades; new projects; decommissioning projects; and development projects.