Montrose Environmental Group (NYSE:ONT) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Montrose Environmental Group (NYSE:ONTFree Report) from a sell rating to a hold rating in a research report released on Sunday morning.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. cut their price objective on Montrose Environmental Group from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, July 13th. Barclays decreased their target price on Montrose Environmental Group from $40.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday, May 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of Montrose Environmental Group in a research note on Friday, May 29th. Needham & Company LLC dropped their target price on Montrose Environmental Group from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Zacks Research raised Montrose Environmental Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $23.00.

Check Out Our Latest Stock Report on Montrose Environmental Group

Montrose Environmental Group Stock Performance

NYSE:ONT opened at $19.66 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $710.51 million, a price-to-earnings ratio of 393.28, a PEG ratio of 1.44 and a beta of 1.67. The firm’s fifty day simple moving average is $18.24 and its 200 day simple moving average is $21.11. Montrose Environmental Group has a twelve month low of $14.13 and a twelve month high of $32.00.

Insider Transactions at Montrose Environmental Group

In other Montrose Environmental Group news, Director Peter Graham bought 25,140 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $17.19 per share, with a total value of $432,156.60. Following the completion of the transaction, the director owned 256,689 shares in the company, valued at $4,412,483.91. The trade was a 10.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Allan Dicks purchased 6,535 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of $15.36 per share, for a total transaction of $100,377.60. Following the purchase, the chief financial officer owned 218,178 shares of the company’s stock, valued at approximately $3,351,214.08. This represents a 3.09% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 36,535 shares of company stock valued at $610,003. 10.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Montrose Environmental Group

Hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in shares of Montrose Environmental Group in the 3rd quarter valued at approximately $32,000. Canada Pension Plan Investment Board grew its position in shares of Montrose Environmental Group by 533.3% during the second quarter. Canada Pension Plan Investment Board now owns 1,900 shares of the company’s stock worth $42,000 after buying an additional 1,600 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Montrose Environmental Group by 95.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,085 shares of the company’s stock worth $68,000 after buying an additional 1,508 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Montrose Environmental Group in the fourth quarter worth $75,000. Finally, Assetmark Inc. bought a new stake in shares of Montrose Environmental Group in the fourth quarter worth $84,000. Institutional investors and hedge funds own 87.87% of the company’s stock.

Montrose Environmental Group Company Profile

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Montrose Environmental Group (NYSE: MEG) is a global provider of environmental technical and monitoring services, delivering solutions for site assessment, remediation, compliance and long-term environmental stewardship. The company serves a broad range of industries, including energy, manufacturing, chemicals, mining and government agencies, supporting clients with risk management strategies, regulatory permitting and environmental permitting.

Montrose’s core offerings encompass environmental consulting, engineering design, field sampling and laboratory analysis, plus innovative digital monitoring platforms.

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Analyst Recommendations for Montrose Environmental Group (NYSE:ONT)

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