Montrose Environmental Group, Inc. (NYSE:ONT – Get Free Report) has been assigned an average rating of “Reduce” from the six analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $17.50.
A number of brokerages recently weighed in on ONT. Barclays cut Montrose Environmental Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $19.00 to $15.00 in a research note on Friday, August 7th. JPMorgan Chase & Co. reduced their price objective on shares of Montrose Environmental Group from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, October 8th. Weiss Ratings cut shares of Montrose Environmental Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 22nd. Bank of America cut shares of Montrose Environmental Group from a “neutral” rating to an “underperform” rating and set a $18.00 target price for the company. in a report on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of Montrose Environmental Group from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd.
View Our Latest Analysis on ONT
Hedge Funds Weigh In On Montrose Environmental Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. grew its position in Montrose Environmental Group by 3,733.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 11,500 shares of the company’s stock worth $252,000 after purchasing an additional 11,200 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Montrose Environmental Group by 5.2% in the first quarter. Principal Financial Group Inc. now owns 1,346,257 shares of the company’s stock valued at $29,470,000 after purchasing an additional 66,543 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Montrose Environmental Group in the first quarter valued at $201,000. Finally, Hsbc Holdings PLC boosted its position in shares of Montrose Environmental Group by 41.9% in the first quarter. Hsbc Holdings PLC now owns 15,228 shares of the company’s stock worth $328,000 after buying an additional 4,493 shares during the period. Institutional investors and hedge funds own 87.87% of the company’s stock.
Montrose Environmental Group Price Performance
NYSE ONT opened at $16.10 on Monday. The stock has a market capitalization of $565.43 million, a P/E ratio of -48.79, a P/E/G ratio of 1.61 and a beta of 1.80. Montrose Environmental Group has a 1 year low of $12.26 and a 1 year high of $30.00. The business’s fifty day moving average is $15.59 and its two-hundred day moving average is $19.26. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.00 and a current ratio of 2.00.
Montrose Environmental Group (NYSE:ONT – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.08. Montrose Environmental Group had a positive return on equity of 4.11% and a negative net margin of 1.44%. On average, research analysts forecast that Montrose Environmental Group will post 0.74 earnings per share for the current fiscal year.
Montrose Environmental Group Company Profile
Montrose Environmental Group, Inc is an environmental services company that helps industrial, commercial, government and other organizations address environmental compliance, sustainability and risk-management needs. Its services span the full project life cycle, from environmental assessment and permitting to monitoring, remediation and ongoing compliance support.
The company provides air quality and emissions testing, environmental laboratory services, consulting, engineering, water and waste management, environmental health and safety support, and remediation services.
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