The Analyst Verdict: Montrose Environmental Gr In The Eyes Of 4 Experts
Portfolio Pulse from Benzinga Insights
Montrose Environmental Group (NYSE:MEG) has received mixed analyst ratings over the past three months, with a majority being bullish. Analysts have set a 12-month price target average of $51.25, a decrease from the previous $54.00. The company shows positive revenue growth but struggles with profitability metrics like ROE and ROA.
October 03, 2024 | 12:00 pm
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Montrose Environmental Group has received mostly bullish analyst ratings, with a 12-month price target average of $51.25, down from $54.00. The company shows positive revenue growth but faces challenges in profitability metrics like ROE and ROA.
The majority of analysts are bullish on MEG, indicating positive sentiment. However, the decrease in the average price target suggests tempered expectations. The company's positive revenue growth is a good sign, but challenges in profitability metrics like ROE and ROA may limit short-term stock price increases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100