Montrose Environmental Group - MEG Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $46.25
  • Forecasted Upside: 48.67%
  • Number of Analysts: 4
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
$31.11
▼ -2.32 (-6.94%)

This chart shows the closing price for MEG by one month, three months, or twelve months.

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Analyst Price Target for MEG

Analyst Price Target is $46.25
▲ +48.67% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Montrose Environmental Group in the last 3 months. The average price target is $46.25, with a high forecast of $54.00 and a low forecast of $33.00. The average price target represents a 48.67% upside from the last price of $31.11.

This chart shows the closing price for MEG for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 4 investment analysts is to buy stock in Montrose Environmental Group. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
1/30/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/30/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/29/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/27/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
1/25/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/24/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
6/23/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/23/2024

Latest Recommendations

  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
7/15/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$54.00 ➝ $54.00Low
5/9/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$54.00Low
4/4/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$54.00Low
4/3/2024Stifel NicolausReiterated RatingBuy ➝ Buy$48.00 ➝ $51.00Low
3/1/2024Stifel NicolausBoost TargetBuy ➝ Buy$36.00 ➝ $48.00Low
3/1/2024JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$41.00 ➝ $47.00N/A
3/1/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$54.00N/A
2/5/2024Stifel NicolausReiterated RatingBuy ➝ Buy$36.00Low
1/19/2024Needham & Company LLCReiterated RatingBuy ➝ Buy$54.00Low
11/9/2023JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$46.00 ➝ $41.00Low
11/8/2023Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$31.00 ➝ $33.00Low
10/10/2023Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$31.00Low
9/19/2023Needham & Company LLCReiterated RatingBuy ➝ Buy$54.00Low
9/12/2023Needham & Company LLCReiterated RatingBuy ➝ Buy$54.00Low
8/10/2023JPMorgan Chase & Co.Boost TargetNeutral ➝ Neutral$40.00 ➝ $46.00Low
8/10/2023Needham & Company LLCReiterated RatingBuy ➝ Buy$54.00N/A
3/9/2023Morgan StanleyLower TargetEqual Weight$47.00 ➝ $43.00Low
3/2/2023Needham & Company LLCLower TargetBuy$58.00 ➝ $54.00Low
3/2/2023JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$39.00Low
1/16/2023Needham & Company LLCBoost TargetBuy$48.00 ➝ $58.00Low
12/14/2022Morgan StanleyLower TargetEqual Weight$51.00 ➝ $47.00Low
12/12/2022Bank of AmericaUpgradeNeutral ➝ BuyLow
11/14/2022Needham & Company LLCLower TargetBuy$60.00 ➝ $48.00Low
8/11/2022Capital One FinancialReiterated RatingOverweightLow
7/15/2022Morgan StanleyLower TargetEqual Weight$56.00 ➝ $51.00Low
5/11/2022JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$47.00High
3/18/2022JPMorgan Chase & Co.Initiated CoverageNeutralHigh
3/1/2022Needham & Company LLCLower TargetBuy$84.00 ➝ $60.00Medium
1/6/2022National Bank FinancialBoost TargetC$15.00 ➝ C$18.50Low
12/8/2021Bank of AmericaDowngradeBuy ➝ Neutral$80.00High
11/11/2021Needham & Company LLCBoost TargetBuy$68.00 ➝ $84.00Low
10/12/2021Stifel NicolausBoost TargetBuy$63.00 ➝ $70.00Low
10/1/2021Needham & Company LLCBoost TargetBuy$62.00 ➝ $68.00Medium
9/28/2021The Goldman Sachs GroupBoost TargetNeutral$10.00 ➝ $11.00High
7/7/2021Needham & Company LLCReiterated RatingBuy$62.00High
6/16/2021Morgan StanleyBoost TargetEqual Weight$46.00 ➝ $49.00Low
5/19/2021Needham & Company LLCBoost TargetBuy$58.00 ➝ $62.00Low
5/13/2021Needham & Company LLCBoost TargetBuy$58.00 ➝ $62.00N/A
4/27/2021JPMorgan Chase & Co.Initiated CoverageNeutral$55.00N/A
4/26/2021Needham & Company LLCBoost TargetBuy$50.00 ➝ $58.00N/A
4/21/2021JPMorgan Chase & Co.Initiated CoverageNeutral$55.00N/A
4/19/2021Needham & Company LLCBoost TargetBuy$50.00 ➝ $58.00N/A
4/6/2021Stifel NicolausBoost TargetPositive ➝ Buy$51.00 ➝ $63.00N/A
4/1/2021Morgan StanleyInitiated CoverageEqual Weight$46.00N/A
3/31/2021Needham & Company LLCBoost TargetBuy$35.00 ➝ $50.00N/A
3/26/2021Morgan StanleyInitiated CoverageEqual Weight$46.00N/A
3/25/2021Needham & Company LLCBoost TargetBuy$35.00 ➝ $50.00N/A
1/11/2021Credit Suisse GroupBoost TargetNeutral$4.25 ➝ $5.25N/A
12/4/2020HC WainwrightBoost TargetBuy$33.00 ➝ $35.00N/A
12/4/2020Needham & Company LLCBoost TargetBuy$33.00 ➝ $35.00N/A
11/30/2020Bank of AmericaUpgradeNeutral ➝ Buy$35.00 ➝ $40.00N/A
10/26/2020CIBCInitiated CoverageNeutral$3.25N/A
9/1/2020Needham & Company LLCBoost TargetBuy$32.00 ➝ $33.00N/A
8/28/2020Bank of AmericaBoost TargetNeutral$27.00 ➝ $30.00N/A
8/17/2020Exane BNP ParibasInitiated CoverageNeutral$25.00N/A
8/17/2020Capital One FinancialInitiated CoverageOverweight$31.00N/A
8/17/2020William BlairInitiated CoverageOutperformN/A
8/17/2020Needham & Company LLCInitiated CoverageBuy$32.00N/A
8/17/2020Bank of AmericaInitiated CoverageNeutral$27.00N/A
8/17/2020BNP ParibasInitiated CoverageNeutral$25.00N/A
8/17/2020Stifel NicolausInitiated CoverageBuy$30.00N/A
7/28/2020TD SecuritiesBoost TargetHold$3.75 ➝ $4.50N/A
6/29/2020UBS GroupBoost TargetNeutral$4.00N/A
6/23/2020The Goldman Sachs GroupUpgradeBuy$5.00N/A
5/18/2020Credit Suisse GroupBoost TargetNeutral$3.00 ➝ $3.50N/A
5/5/2020BMO Capital MarketsBoost TargetMarket Perform$3.00 ➝ $3.50N/A
3/31/2020UBS GroupLower TargetNeutral$8.00 ➝ $1.20N/A
3/4/2020JPMorgan Chase & Co.Lower TargetNeutral$7.50 ➝ $6.50N/A
1/24/2020UBS GroupBoost TargetNeutral$6.00 ➝ $8.00N/A
12/9/2019JPMorgan Chase & Co.UpgradeNeutral$7.00N/A
10/23/2019Morgan StanleyDowngradeOverweight ➝ Underweight$7.00 ➝ $5.00N/A
9/23/2019UBS GroupBoost TargetNeutral$5.50 ➝ $6.00N/A
(Data available from 7/23/2019 forward)

News Sentiment Rating

0.60 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/26/2023
  • 3 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/25/2024
  • 6 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
2/24/2024
  • 6 very positive mentions
  • 12 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
3/25/2024
  • 5 very positive mentions
  • 14 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
4/24/2024
  • 8 very positive mentions
  • 16 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
5/24/2024
  • 3 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/23/2024
  • 3 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/23/2024

Current Sentiment

  • 3 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Montrose Environmental Group logo
Montrose Environmental Group, Inc. operates as an environmental services company in the United States, Canada, and internationally. The company operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments; environmental emergency response and recovery; toxicology consulting and environmental audits and permits for current operations; facility upgrades; new projects; decommissioning projects; and development projects. This segment also offers technical advisory and consulting services, including regulatory compliance support and planning, environmental, ecosystem and toxicological assessments, and support during responses to environmental disruptions. The Measurement and Analysis segment tests and analyzes air, water, and soil to determine concentrations of contaminants, as well as the toxicological impact of contaminants on flora, fauna, and human health. Its services include source and ambient air testing and monitoring, leak detection, and advanced analytical laboratory services, such as storm water, wastewater, and drinking water analysis. The Remediation and Reuse segment provides engineering, design, implementation, and operations and maintenance services primarily to treat contaminated water, remove contaminants from soil, or create biogas from waste. The company serves financial, oil and gas, utilities, construction, automotive, real-estate, midstream energy, manufacturing, commodities, petrochemical, food and beverage, telecommunications, and engineering industries, as well as local, state, provincial, and federal government entities. Montrose Environmental Group, Inc. was founded in 2012 and is headquartered in North Little Rock, Arkansas.
Read More

Today's Range

Now: $31.11
Low: $30.96
High: $34.09

50 Day Range

MA: $44.19
Low: $33.40
High: $49.82

52 Week Range

Now: $31.11
Low: $21.96
High: $49.97

Volume

1,270,789 shs

Average Volume

283,378 shs

Market Capitalization

$1.06 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.88

Frequently Asked Questions

What sell-side analysts currently cover shares of Montrose Environmental Group?

The following Wall Street sell-side analysts have issued research reports on Montrose Environmental Group in the last twelve months: JPMorgan Chase & Co., Needham & Company LLC, Royal Bank of Canada, and Stifel Nicolaus.
View the latest analyst ratings for MEG.

What is the current price target for Montrose Environmental Group?

4 Wall Street analysts have set twelve-month price targets for Montrose Environmental Group in the last year. Their average twelve-month price target is $46.25, suggesting a possible upside of 48.7%. Needham & Company LLC has the highest price target set, predicting MEG will reach $54.00 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of $33.00 for Montrose Environmental Group in the next year.
View the latest price targets for MEG.

What is the current consensus analyst rating for Montrose Environmental Group?

Montrose Environmental Group currently has 4 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe MEG will outperform the market and that investors should add to their positions of Montrose Environmental Group.
View the latest ratings for MEG.

What other companies compete with Montrose Environmental Group?

Other companies that are similar to Montrose Environmental Group include Five9, Autohome, ACV Auctions, RingCentral and CarGurus. Learn More about companies similar to Montrose Environmental Group.

How do I contact Montrose Environmental Group's investor relations team?

The company's listed phone number is 501-900-6400 and its investor relations email address is [email protected]. The official website for Montrose Environmental Group is www.montrose-env.com. Learn More about contacing Montrose Environmental Group investor relations.