Royal Bank Of Canada set a $30.00 target price on NCS Multistage Holdings, Inc. (NASDAQ:NCSM) in a research report sent to investors on Sunday morning. The brokerage currently has a buy rating on the stock.
Other research analysts have also recently issued reports about the company. Zacks Investment Research cut NCS Multistage Holdings from a buy rating to a hold rating in a research report on Wednesday, October 11th. Citigroup Inc. set a $32.00 price target on NCS Multistage Holdings and gave the company a buy rating in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $28.50.
NCS Multistage Holdings (NCSM) opened at $16.14 on Friday. NCS Multistage Holdings has a 52 week low of $15.01 and a 52 week high of $29.07.
NCS Multistage Holdings (NASDAQ:NCSM) last posted its quarterly earnings data on Monday, November 13th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $55.96 million during the quarter, compared to the consensus estimate of $58.92 million. equities research analysts forecast that NCS Multistage Holdings will post 0.34 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Nationwide Fund Advisors acquired a new position in NCS Multistage Holdings during the second quarter valued at approximately $157,000. Strs Ohio raised its stake in NCS Multistage Holdings by 131.3% in the third quarter. Strs Ohio now owns 7,400 shares of the company’s stock valued at $178,000 after buying an additional 4,200 shares during the period. Alliancebernstein L.P. bought a new stake in NCS Multistage Holdings in the second quarter valued at approximately $201,000. The Manufacturers Life Insurance Company bought a new stake in NCS Multistage Holdings in the second quarter valued at approximately $211,000. Finally, Parametric Portfolio Associates LLC bought a new stake in NCS Multistage Holdings in the second quarter valued at approximately $257,000. 95.24% of the stock is owned by hedge funds and other institutional investors.
About NCS Multistage Holdings
NCS Multistage Holdings, Inc is a provider of engineered products and support services for oil and natural gas well completions and field development strategies. The Company’s products and services include Multistage Unlimited, casing-installed sliding sleeves, downhole frac isolation assembly, AirLock casing buoyancy system and liner hanger systems.
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