William Blair Comments on Montrose Environmental Group, Inc.'s Q4 2023 Earnings (NYSE:MEG) – MarketBeat

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Montrose Environmental Group, Inc. (NYSE:MEGGet Rating) – Research analysts at William Blair issued their Q4 2023 EPS estimates for Montrose Environmental Group in a research note issued to investors on Thursday, November 10th. William Blair analyst T. Mulrooney anticipates that the company will post earnings of ($0.23) per share for the quarter. The consensus estimate for Montrose Environmental Group’s current full-year earnings is ($1.25) per share.

Separately, Capital One Financial reissued an “overweight” rating on shares of Montrose Environmental Group in a research note on Thursday, August 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.30.

Montrose Environmental Group Trading Up 4.1 %

NYSE:MEG opened at $47.90 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.41 and a quick ratio of 2.41. Montrose Environmental Group has a fifty-two week low of $28.36 and a fifty-two week high of $79.67. The stock’s 50-day moving average is $39.46 and its two-hundred day moving average is $39.12. The stock has a market cap of $1.42 billion, a PE ratio of -36.56 and a beta of 1.70.

Hedge Funds Weigh In On Montrose Environmental Group

Several large investors have recently made changes to their positions in the company. Captrust Financial Advisors acquired a new position in Montrose Environmental Group in the first quarter valued at about $29,000. Stephens Inc. AR lifted its stake in Montrose Environmental Group by 33.7% in the second quarter. Stephens Inc. AR now owns 1,064 shares of the company’s stock valued at $36,000 after buying an additional 268 shares during the period. Toronto Dominion Bank acquired a new position in Montrose Environmental Group in the first quarter valued at about $42,000. Point72 Hong Kong Ltd acquired a new stake in shares of Montrose Environmental Group during the second quarter worth about $57,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Montrose Environmental Group by 38.5% during the third quarter. Tower Research Capital LLC TRC now owns 2,362 shares of the company’s stock worth $79,000 after purchasing an additional 657 shares during the period.

About Montrose Environmental Group

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Montrose Environmental Group, Inc operates as an environmental services company in the United States. 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.

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