Montrose Environmental Group, Inc. (MEG)
NYSE: MEG · IEX Real-Time Price · USD
33.95
-3.27 (-8.79%)
At close: Jul 19, 2024, 4:00 PM
14.49
-19.46 (-57.31%)
After-hours: Jul 20, 2024, 1:23 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 an increase of 38.44% from the current stock price of 33.95.
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 1 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $54 | Strong Buy | Reiterates | $54 | +59.06% | Jul 15, 2024 |
| Needham | Needham | Strong Buy Reiterates $54 | Strong Buy | Reiterates | $54 | +59.06% | May 9, 2024 |
| Needham | Needham | Strong Buy Reiterates n/a | Strong Buy | Reiterates | n/a | n/a | Apr 4, 2024 |
| Stifel | Stifel | Strong Buy Reiterates $48 → $51 | Strong Buy | Reiterates | $48 → $51 | +50.22% | Apr 3, 2024 |
| Stifel | Stifel | Strong Buy Maintains $36 → $48 | Strong Buy | Maintains | $36 → $48 | +41.38% | Mar 1, 2024 |
Financial Forecast
Revenue This Year
715.68M
from 624.21M
Increased by 14.65%
Revenue Next Year
789.85M
from 715.68M
Increased by 10.36%
EPS This Year
-0.95
from -1.57
EPS Next Year
-0.51
from -0.95
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 751.8M | 847.8M | 980.7M | 1.1B | 1.3B |
| Avg | 715.7M | 789.9M | 886.8M | 988.8M | 1.1B |
| Low | 683.1M | 749.2M | 805.6M | 872.2M | 944.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.4% | 18.5% | 24.2% | 26.4% | 29.2% |
| Avg | 14.7% | 10.4% | 12.3% | 11.5% | 11.3% |
| Low | 9.4% | 4.7% | 2.0% | -1.6% | -4.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.80 | 0.12 | -0.17 |
| Avg | -0.95 | -0.51 | -0.16 |
| Low | -1.02 | -0.82 | -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.