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Montrose Environmental Group Inc. (MEG) Stock Forecast & Price Prediction

Live MEG Stock Price & Analysis

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$18.84

+0.59 (3.23%)

12 Month Price Forecast For MEG

$18.84
Current Price
$646.23M
Market Cap
7 Ratings
Buy 5
Hold 2
Sell 0
Wall St Analyst Ratings

Distance to MEG Price Forecasts

+112.3%
To High Target of $40.00
+88.4%
To Median Target of $35.50
+53.9%
To Low Target of $29.00

MEG Price Momentum

-10.9%
1 Week Change
-15.4%
1 Month Change
-44.1%
1 Year Change
+1.6%
Year-to-Date Change
-62.3%
From 52W High of $49.97
+23.9%
From 52W Low of $15.21

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 16, 2025 5:10 AM UTC

MEG Analyst Ratings & Price Targets

Based on our analysis of 9 Wall Street analysts, MEG has a bullish consensus with a median price target of $35.50 (ranging from $29.00 to $40.00). The overall analyst rating is Strong Buy (8.6/10). Currently trading at $18.84, the median forecast implies a 88.4% upside. This outlook is supported by 5 Buy, 2 Hold, and 0 Sell ratings.

The most optimistic forecast comes from Andrew Obin at B of A Securities, projecting a 112.3% upside. Conversely, the most conservative target is provided by Stephanie Yee at JP Morgan, suggesting a 53.9% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

MEG Analyst Consensus

5
Buy
2
Hold
0
Sell

MEG Price Target Range

Low
$29.00
Average
$35.50
High
$40.00
Current: $18.84

Latest MEG Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for MEG.

Date Firm Analyst Rating Change Price Target
Feb 10, 2025 Evercore ISI Group Durgesh Chopra Outperform Maintains $33.00
Jan 28, 2025 Needham James Ricchiuti Buy Reiterates $39.00
Jan 17, 2025 Needham James Ricchiuti Buy Reiterates $39.00
Dec 19, 2024 Needham James Ricchiuti Buy Maintains $39.00
Dec 11, 2024 Stifel Michael Hoffman Buy Maintains $38.00
Nov 8, 2024 JP Morgan Stephanie Yee Neutral Downgrade $29.00
Nov 8, 2024 Needham James Ricchiuti Buy Maintains $44.00
Nov 6, 2024 B of A Securities Andrew Obin Neutral Downgrade $29.00
Oct 16, 2024 Needham James Ricchiuti Buy Reiterates $54.00
Oct 3, 2024 Needham James Ricchiuti Buy Reiterates $54.00
Aug 14, 2024 Evercore ISI Group Durgesh Chopra Outperform Initiates $43.00
Aug 8, 2024 Needham James Ricchiuti Buy Reiterates $54.00
Jul 15, 2024 Needham James Ricchiuti Buy Reiterates $54.00
May 9, 2024 Needham James Ricchiuti Buy Reiterates $54.00
Apr 4, 2024 Needham James Ricchiuti Buy Reiterates $54.00
Apr 3, 2024 Stifel Michael Hoffman Buy Reiterates $51.00
Mar 1, 2024 Needham James Ricchiuti Buy Reiterates $54.00
Mar 1, 2024 JP Morgan Stephanie Yee Overweight Maintains $47.00
Mar 1, 2024 Stifel Michael Hoffman Buy Maintains $48.00
Feb 6, 2024 Stifel Michael Hoffman Buy Reinstates $36.00

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The following stocks are similar to Montrose based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Montrose Environmental Group Inc. (MEG) Financial Data

Montrose Environmental Group Inc. has a market capitalization of $646.23M with a P/E ratio of -12.0x. The company generates $673.08M in trailing twelve-month revenue with a -5.3% profit margin.

Revenue growth is +6.4% quarter-over-quarter, while maintaining an operating margin of +1.0% and return on equity of -7.0%.

Valuation Metrics

Market Cap $646.23M
Enterprise Value $1.03B
P/E Ratio -12.0x
PEG Ratio -42.8x
Price/Sales 1.0x

Growth & Margins

Revenue Growth (YoY) +6.4%
Gross Margin +40.9%
Operating Margin +1.0%
Net Margin -5.3%
EPS Growth +6.4%

Financial Health

Cash/Price Ratio +2.2%
Current Ratio 1.9x
Debt/Equity 56.6x
ROE -7.0%
ROA -1.0%

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Montrose Environmental Group Inc. logo

Montrose Environmental Group Inc. (MEG) Company Overview

About Montrose Environmental Group Inc.

What They Do

Provides comprehensive environmental services globally.

Business Model

The company operates through three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. It generates revenue by offering consulting services, environmental assessments, laboratory testing, and remediation solutions to various industries and government entities.

Additional Information

Founded in 2012 and headquartered in North Little Rock, Arkansas, the company serves a diverse range of industries including financial services, oil and gas, utilities, and government sectors. Its expertise spans environmental emergency response, toxicology consulting, and advanced analytical services.

Company Information

Sector

Industrials

Industry

Waste Management

Employees

3,480

CEO

Mr. Vijay Manthripragada

Country

United States

IPO Year

2020

Montrose Environmental Group Inc. (MEG) Latest News & Analysis

MEG stock latest news image
Quick Summary

Montrose Environmental Group, Inc. (NYSE: MEG) will announce its fourth-quarter and full-year 2024 results on February 13, 2025, along with a conference call.

Why It Matters

Montrose Environmental's scheduled earnings announcement can influence stock prices, provide insights into financial performance, and affect investor sentiment and market expectations.

Source: PRNewsWire
Market Sentiment: Neutral
MEG stock latest news image
Quick Summary

Montrose Environmental Group (NYSE: MEG) will present virtually at the Needham 27th Annual Growth Conference on Jan. 13, 2025, at 8:45 a.m. due to southern California wildfires.

Why It Matters

Montrose Environmental's virtual presentation indicates adaptability amid crises, potentially affecting investor confidence and stock volatility. Wildfires may also impact operations or financial performance.

Source: PRNewsWire
Market Sentiment: Neutral
MEG stock latest news image
Quick Summary

Montrose Environmental Group, Inc. (NYSE: MEG) will present at the Needham 27th Annual Growth Conference on January 14, 2025, at 9:30 a.m. in New York City.

Why It Matters

Montrose Environmental's participation in a prominent conference can boost visibility and investor interest, potentially impacting stock performance and market perception.

Source: PRNewsWire
Market Sentiment: Neutral
MEG stock latest news image
Quick Summary

Montrose Environmental Group (NYSE: MEG) will install its PFAS mobile treatment system at Sydney Water's Cascade Water Filtration Plant to tackle PFAS contamination in drinking water.

Why It Matters

Montrose Environmental's contract for PFAS treatment enhances its market position, potentially increasing revenue and attracting more clients in the growing environmental solutions sector.

Source: PRNewsWire
Market Sentiment: Neutral
MEG stock latest news image
Quick Summary

Montrose Environmental Group, Inc. (NYSE: MEG) will attend the Baird 2024 Global Industrial Conference in Chicago on November 12, 2024.

Why It Matters

Montrose Environmental's participation in a major conference highlights its visibility and potential for growth, which can influence investor sentiment and stock performance.

Source: PRNewsWire
Market Sentiment: Neutral
MEG stock latest news image
Quick Summary

Montrose Environmental Group, Inc. (NYSE: MEG) will hold its Q3 2024 earnings conference call on November 7, 2024, at 8:30 AM ET, featuring key company executives and analysts.

Why It Matters

The Montrose Environmental Group's Q3 2024 earnings call will provide insights into financial performance and strategic direction, influencing market perceptions and investment decisions.

Source: Seeking Alpha
Market Sentiment: Neutral

Frequently Asked Questions About MEG Stock

What is Montrose Environmental Group Inc.'s (MEG) stock forecast for 2025?

Based on our analysis of 9 Wall Street analysts, Montrose Environmental Group Inc. (MEG) has a median price target of $35.50. The highest price target is $40.00 and the lowest is $29.00.

Is MEG stock a good investment in 2025?

According to current analyst ratings, MEG has 5 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $18.84. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for MEG stock?

Wall Street analysts predict MEG stock could reach $35.50 in the next 12 months. This represents a 88.4% increase from the current price of $18.84. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Montrose Environmental Group Inc.'s business model?

The company operates through three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. It generates revenue by offering consulting services, environmental assessments, laboratory testing, and remediation solutions to various industries and government entities.

What is the highest forecasted price for MEG Montrose Environmental Group Inc.?

The highest price target for MEG is $40.00 from Andrew Obin at B of A Securities, which represents a 112.3% increase from the current price of $18.84.

What is the lowest forecasted price for MEG Montrose Environmental Group Inc.?

The lowest price target for MEG is $29.00 from Stephanie Yee at JP Morgan, which represents a 53.9% increase from the current price of $18.84.

What is the overall MEG consensus from analysts for Montrose Environmental Group Inc.?

The overall analyst consensus for MEG is bullish. Out of 9 Wall Street analysts, 5 rate it as Buy, 2 as Hold, and 0 as Sell, with a median price target of $35.50.

How accurate are MEG stock price projections?

Stock price projections, including those for Montrose Environmental Group Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.