Montrose Environmental Group, Inc. (MEG)
NYSE: MEG · IEX Real-Time Price · USD
47.99
+0.45 (0.95%)
At close: May 17, 2024, 4:00 PM
47.47
-0.52 (-1.08%)
After-hours: May 17, 2024, 7:44 PM EDT
MEG Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for MEG stock have an average target of 47, with a low estimate of 36 and a high estimate of 54. The average target predicts a decrease of -2.06% from the current stock price of 47.99.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for MEG stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 1 | 3 | 3 | 3 | 3 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 1 | 1 | 1 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 3 | 5 | 5 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $54 | Strong Buy | Reiterates | $54 | +12.52% | May 9, 2024 |
| Needham | Needham | Strong Buy Reiterates $54 | Strong Buy | Reiterates | $54 | +12.52% | Apr 4, 2024 |
| Stifel | Stifel | Strong Buy Reiterates $48 → $51 | Strong Buy | Reiterates | $48 → $51 | +6.27% | Apr 3, 2024 |
| Stifel | Stifel | Strong Buy Maintains $36 → $48 | Strong Buy | Maintains | $36 → $48 | +0.02% | Mar 1, 2024 |
| Needham | Needham | Strong Buy Reiterates $54 | Strong Buy | Reiterates | $54 | +12.52% | Mar 1, 2024 |
Financial Forecast
Revenue This Year
713.07M
from 624.21M
Increased by 14.24%
Revenue Next Year
779.10M
from 713.07M
Increased by 9.26%
EPS This Year
-1.07
from -1.57
EPS Next Year
-0.12
from -1.07
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 750.8M | 847.1M | 980.7M | 1.1B | 1.3B |
| Avg | 713.1M | 779.1M | 886.8M | 992.8M | 1.1B |
| Low | 668.4M | 735.0M | 805.6M | 872.2M | 944.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.3% | 18.8% | 25.9% | 27.4% | 30.5% |
| Avg | 14.2% | 9.3% | 13.8% | 12.0% | 11.8% |
| Low | 7.1% | 3.1% | 3.4% | -1.6% | -4.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.65 | 1.87 | -0.17 |
| Avg | -1.07 | -0.12 | -0.16 |
| Low | -1.62 | -1.36 | -0.16 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.