Montrose Environmental Group (MEG) Stock Forecast, Price Target & Predictions
MEG Stock Forecast
Montrose Environmental Group stock forecast is as follows: an average price target of $52.50 (represents a 80.04% upside from MEG’s last price of $29.16) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.
MEG Price Target
The average price target for Montrose Environmental Group (MEG) is $52.50 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $54.00 to $51.00. This represents a potential 80.04% upside from MEG's last price of $29.16.
MEG Analyst Ratings
According to 9 Wall Street analysts, Montrose Environmental Group's rating consensus is 'Buy'. The analyst rating breakdown for MEG stock is 0 'Strong Buy' (0.00%), 5 'Buy' (55.56%), 4 'Hold' (44.44%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Montrose Environmental Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Apr 04, 2024 | James Ricchiuti | Needham | $54.00 | $43.96 | 22.84% | 85.19% |
| Apr 03, 2024 | Michael Hoffman | Stifel Nicolaus | $51.00 | $44.14 | 15.53% | 74.90% |
The latest Montrose Environmental Group stock forecast, released on Apr 04, 2024 by James Ricchiuti from Needham, set a price target of $54.00, which represents a 22.84% increase from the stock price at the time of the forecast ($43.96), and a 85.19% increase from MEG last price ($29.16).
Montrose Environmental Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $52.50 |
| Last Closing Price | $29.16 | $29.16 | $29.16 |
| Upside/Downside | -100.00% | -100.00% | 80.04% |
In the current month, the average price target of Montrose Environmental Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Montrose Environmental Group's last price of $29.16. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 14, 2024 | Evercore ISI | - | Outperform | Initialise |
| May 09, 2024 | Stifel Nicolaus | Buy | Buy | Hold |
| Apr 04, 2024 | Needham | Buy | Buy | Hold |
| Apr 03, 2024 | Raymond James | Underperform | Underperform | Hold |
| Apr 03, 2024 | Stifel Nicolaus | Buy | Buy | Hold |
| Mar 01, 2024 | Needham | Underperform | Underperform | Hold |
| Mar 01, 2024 | Stifel Nicolaus | Buy | Buy | Hold |
| Feb 06, 2024 | Stifel Nicolaus | Buy | Buy | Hold |
| Feb 06, 2024 | Needham | Underperform | Underperform | Hold |
| Oct 10, 2023 | Citigroup | - | Neutral | Downgrade |
Montrose Environmental Group's last stock rating was published by Evercore ISI on Aug 14, 2024. The company Initialise its MEG rating from "null" to "Outperform".
Montrose Environmental Group Financial Forecast
Montrose Environmental Group Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $165.74M | $167.94M | $159.10M | $131.43M | $139.51M | $130.31M | - | $134.68M | $143.79M | $132.58M | $136.22M | $133.82M | $108.74M | $84.70M | $73.77M |
| Avg Forecast | $204.48M | $201.78M | $193.96M | $173.67M | $195.59M | $185.47M | $173.94M | $152.17M | $160.55M | $167.48M | $145.31M | $135.20M | $139.80M | $139.37M | $137.60M | $133.21M | $121.98M | $119.12M | $120.11M | $95.37M | $86.83M | $78.55M | $72.60M |
| High Forecast | $208.97M | $206.20M | $198.22M | $177.48M | $199.89M | $186.56M | $177.75M | $155.51M | $165.17M | $171.16M | $148.50M | $138.16M | $142.87M | $142.43M | $137.60M | $135.72M | $124.28M | $121.37M | $122.37M | $97.17M | $88.47M | $80.03M | $73.97M |
| Low Forecast | $201.76M | $199.09M | $191.38M | $171.35M | $192.99M | $183.95M | $171.62M | $150.14M | $158.19M | $165.25M | $143.38M | $133.40M | $137.94M | $137.51M | $137.60M | $128.68M | $117.83M | $115.07M | $116.02M | $92.13M | $83.88M | $75.88M | $70.13M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | 1.03% | 1.00% | 1.09% | 0.97% | 1.00% | 0.94% | - | 1.01% | 1.18% | 1.11% | 1.13% | 1.40% | 1.25% | 1.08% | 1.02% |
Montrose Environmental Group's average Quarter revenue forecast for Mar 24 based on 4 analysts is $152.17M, with a low forecast of $150.14M, and a high forecast of $155.51M. MEG's average Quarter revenue forecast represents a -8.19% decrease compared to the company's last Quarter revenue of $165.74M (Dec 23).
Montrose Environmental Group EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | $315.00K | $-527.00K | $-1.60M | $837.00K | $4.93M | $9.39M | - | $9.22M | $13.87M | $18.24M | $6.99M | $1.86M | $16.34M | $-14.61M | $26.51M |
| Avg Forecast | $11.41M | $11.26M | $10.82M | $9.69M | $10.91M | $10.35M | $9.70M | $5.68M | $8.96M | $9.34M | $8.11M | $6.07M | $7.80M | $25.80M | $7.68M | $7.43M | $6.80M | $23.46M | $21.67M | $6.50M | $4.84M | $-404.88M | $51.12M |
| High Forecast | $11.66M | $11.50M | $11.06M | $9.90M | $11.15M | $10.41M | $9.92M | $6.82M | $9.21M | $9.55M | $8.28M | $7.29M | $7.97M | $30.96M | $7.68M | $7.57M | $6.93M | $28.15M | $26.00M | $7.80M | $4.94M | $-323.90M | $61.35M |
| Low Forecast | $11.25M | $11.11M | $10.68M | $9.56M | $10.77M | $10.26M | $9.57M | $4.54M | $8.82M | $9.22M | $8.00M | $4.86M | $7.69M | $20.64M | $7.68M | $7.18M | $6.57M | $18.76M | $17.33M | $5.20M | $4.68M | $-485.85M | $40.90M |
| Surprise % | - | - | - | - | - | - | - | - | 0.04% | -0.06% | -0.20% | 0.14% | 0.63% | 0.36% | - | 1.24% | 2.04% | 0.78% | 0.32% | 0.29% | 3.37% | 0.04% | 0.52% |
4 analysts predict MEG's average Quarter EBITDA for Mar 24 to be $5.68M, with a high of $6.82M and a low of $4.54M. This is 1703.18% upper than Montrose Environmental Group's previous annual EBITDA (Dec 23) of $315.00K.
Montrose Environmental Group Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | $-5.54M | $-11.63M | $-11.27M | $-14.72M | $-10.81M | $-5.72M | - | $-7.54M | $-1.47M | $2.23M | $-14.48M | $-11.60M | $812.00K | $-30.74M | $13.22M |
| Avg Forecast | $-666.36K | $-3.00M | $-6.66M | $-13.33M | $-999.54K | $-3.22M | $-6.25M | $-35.35M | $-9.60M | $-7.00M | $-8.89M | $-37.81M | $-7.12M | $3.15M | $-7.29M | $-3.62M | $-31.80M | $2.86M | $-44.90M | $-40.44M | $-257.48K | $-852.03M | $25.50M |
| High Forecast | $-654.82K | $-2.95M | $-6.55M | $-13.10M | $-982.24K | $-2.21M | $-6.14M | $-28.28M | $-8.64M | $-6.88M | $-8.74M | $-30.25M | $-6.99M | $3.78M | $-7.29M | $-3.46M | $-25.44M | $3.43M | $-35.92M | $-32.35M | $-246.10K | $-681.62M | $30.60M |
| Low Forecast | $-685.37K | $-3.08M | $-6.85M | $-13.71M | $-1.03M | $-4.23M | $-6.43M | $-42.43M | $-10.56M | $-7.20M | $-9.14M | $-45.37M | $-7.32M | $2.52M | $-7.29M | $-3.71M | $-38.15M | $2.29M | $-53.88M | $-48.53M | $-263.80K | $-1.02B | $20.40M |
| Surprise % | - | - | - | - | - | - | - | - | 0.58% | 1.66% | 1.27% | 0.39% | 1.52% | -1.82% | - | 2.08% | 0.05% | 0.78% | 0.32% | 0.29% | -3.15% | 0.04% | 0.52% |
Montrose Environmental Group's average Quarter net income forecast for Dec 21 is $-31.80M, with a range of $-38.15M to $-25.44M. MEG's average Quarter net income forecast represents a -1528.36% decrease compared to the company's last Quarter net income of $2.23M (Sep 21).
Montrose Environmental Group SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | $61.10M | $56.90M | $55.25M | $49.61M | $45.17M | $42.86M | - | $41.81M | $34.79M | $30.50M | $27.37M | $25.00M | $30.93M | $34.18M | $33.09M |
| Avg Forecast | $56.17M | $55.43M | $53.28M | $47.70M | $53.73M | $50.95M | $47.78M | $76.22M | $44.10M | $46.01M | $39.92M | $81.52M | $38.40M | $43.13M | $37.80M | $36.59M | $33.51M | $39.21M | $84.83M | $87.19M | $23.85M | $21.58M | $63.81M |
| High Forecast | $57.40M | $56.64M | $54.45M | $48.75M | $54.91M | $51.25M | $48.83M | $91.47M | $45.37M | $47.01M | $40.79M | $97.82M | $39.24M | $51.76M | $37.80M | $37.28M | $34.14M | $47.06M | $101.80M | $104.62M | $24.30M | $21.98M | $76.57M |
| Low Forecast | $55.42M | $54.69M | $52.57M | $47.07M | $53.01M | $50.53M | $47.14M | $60.98M | $43.45M | $45.39M | $39.38M | $65.22M | $37.89M | $34.51M | $37.80M | $35.35M | $32.37M | $31.37M | $67.87M | $69.75M | $23.04M | $20.84M | $51.05M |
| Surprise % | - | - | - | - | - | - | - | - | 1.39% | 1.24% | 1.38% | 0.61% | 1.18% | 0.99% | - | 1.14% | 1.04% | 0.78% | 0.32% | 0.29% | 1.30% | 1.58% | 0.52% |
Montrose Environmental Group's average Quarter SG&A projection for Mar 24 is $76.22M, based on 4 Wall Street analysts, with a range of $60.98M to $91.47M. The forecast indicates a 24.75% rise compared to MEG last annual SG&A of $61.10M (Dec 23).
Montrose Environmental Group EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | $-0.18 | $-0.39 | $-0.38 | $-0.49 | $-0.36 | $-0.19 | - | $-0.25 | $-0.05 | $0.08 | $-0.71 | $-0.46 | $0.03 | $-1.43 | $0.37 |
| Avg Forecast | $-0.02 | $-0.09 | $-0.20 | $-0.40 | $-0.03 | $-0.10 | $-0.19 | $-0.39 | $-0.29 | $-0.21 | $-0.27 | $-0.31 | $-0.21 | $-0.29 | $-0.24 | $-0.12 | $-0.03 | $-0.04 | $-0.06 | $-0.09 | $-0.01 | $0.05 | $-0.44 |
| High Forecast | $-0.02 | $-0.09 | $-0.20 | $-0.39 | $-0.03 | $-0.07 | $-0.18 | $-0.38 | $-0.26 | $-0.21 | $-0.26 | $-0.30 | $-0.21 | $-0.28 | $-0.24 | $-0.11 | $-0.03 | $-0.04 | $-0.05 | $-0.09 | $-0.01 | $0.06 | $-0.42 |
| Low Forecast | $-0.02 | $-0.09 | $-0.21 | $-0.41 | $-0.03 | $-0.13 | $-0.19 | $-0.40 | $-0.32 | $-0.22 | $-0.27 | $-0.32 | $-0.22 | $-0.30 | $-0.24 | $-0.12 | $-0.03 | $-0.04 | $-0.06 | $-0.09 | $-0.01 | $0.05 | $-0.46 |
| Surprise % | - | - | - | - | - | - | - | - | 0.63% | 1.86% | 1.42% | 1.59% | 1.69% | 0.66% | - | 2.08% | 1.90% | -2.27% | 12.91% | 5.13% | -3.82% | -26.41% | -0.84% |
According to 2 Wall Street analysts, Montrose Environmental Group's projected average Quarter EPS for Dec 21 is $-0.03, with a low estimate of $-0.03 and a high estimate of $-0.03. This represents a -131.01% decrease compared to MEG previous annual EPS of $0.08 (Sep 21).
Montrose Environmental Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MEG | Montrose Environmental Group | $29.16 | $52.50 | 80.04% | Buy |
| CWST | Casella Waste Systems | $108.06 | $112.00 | 3.65% | Strong Buy |
| SRCL | Stericycle | $61.71 | $56.33 | -8.72% | Hold |
| WCN | Waste Connections | $185.68 | $165.13 | -11.07% | Buy |
| RSG | Republic Services | $205.79 | $180.50 | -12.29% | Buy |
| CLH | Clean Harbors | $243.97 | $197.13 | -19.20% | Buy |
MEG Forecast FAQ
Is Montrose Environmental Group a good buy?
Yes, according to 9 Wall Street analysts, Montrose Environmental Group (MEG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 55.56% of MEG's total ratings.
What is MEG's price target?
Montrose Environmental Group (MEG) average price target is $52.5 with a range of $51 to $54, implying a 80.04% from its last price of $29.16. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Montrose Environmental Group stock go up soon?
According to Wall Street analysts' prediction for MEG stock, the company can go up by 80.04% (from the last price of $29.16 to the average price target of $52.5), up by 85.19% based on the highest stock price target, and up by 74.90% based on the lowest stock price target.
Can Montrose Environmental Group stock reach $40?
MEG's average twelve months analyst stock price target of $52.5 supports the claim that Montrose Environmental Group can reach $40 in the near future.
What are Montrose Environmental Group's analysts' financial forecasts?
Montrose Environmental Group's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $707.16M (high $719.71M, low $698.7M), average EBITDA is $36.64M (high $38.29M, low $35.14M), average net income is $-45.822M (high $-37.613M, low $-54.112M), average SG&A $228.67M (high $246.45M, low $211.66M), and average EPS is $-0.702 (high $-0.661, low $-0.749). MEG's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $773.88M (high $790.86M, low $763.57M), average EBITDA is $43.17M (high $44.12M, low $42.59M), average net income is $-23.656M (high $-23.246M, low $-24.331M), average SG&A $212.58M (high $217.24M, low $209.75M), and average EPS is $-0.71 (high $-0.698, low $-0.73).
Did the MEG's actual financial results beat the analysts' financial forecasts?
Based on Montrose Environmental Group's last annual report (Dec 2023), the company's revenue was $624.21M, beating the average analysts forecast of $608.54M by 2.57%. Apple's EBITDA was $-10.252M, missing the average prediction of $32.48M by -131.56%. The company's net income was $-47.259M, missing the average estimation of $-63.295M by -25.34%. Apple's SG&A was $222.86M, beating the average forecast of $211.54M by 5.35%. Lastly, the company's EPS was $-1.57, beating the average prediction of $-1.073 by 46.28%. In terms of the last quarterly report (Dec 2023), Montrose Environmental Group's revenue was $165.74M, beating the average analysts' forecast of $160.55M by 3.23%. The company's EBITDA was $315K, missing the average prediction of $8.96M by -96.48%. Montrose Environmental Group's net income was $-5.541M, missing the average estimation of $-9.596M by -42.25%. The company's SG&A was $61.1M, beating the average forecast of $44.1M by 38.55%. Lastly, the company's EPS was $-0.18, missing the average prediction of $-0.288 by -37.50%