What Do Analysts Think About Montrose Environmental Group (MEG)?

Montrose Environmental Group, Inc. (NYSE:MEG) is one of the best waste management stocks to buy right now. On August 8, Needham analyst James Ricchiuti raised the firm’s price target on Montrose Environmental Group, Inc. (NYSE:MEG) to $31 from $30, keeping a Buy rating on the shares.

The analyst told investors in a research note that Montrose Environmental Group, Inc. (NYSE:MEG) delivered impressive Q2 results that should go a long way in addressing investor concerns regarding profitability and growth.

The same day, Needham analyst James Ricchiuti reiterated a Buy rating on Montrose Environmental Group, Inc. (NYSE:MEG) and set a price target of $31.00.

Similarly, Clear Street analyst Tim Moore raised the firm’s price target on Montrose Environmental Group, Inc. (NYSE:MEG) to $36 from $34 on August 7 while keeping a Buy rating on the shares, attributing the outlook upgrade to the company’s solid Q2.

The analyst cited the company’s higher organic sales growth profile and EBITDA margin as factors supporting the positive outlook.

Montrose Environmental Group, Inc. (NYSE:MEG) is an environmental services company that provides air measurement and environmental laboratory services.

The company’s operations are divided into the following segments: Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse.

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Disclosure: None. This article is originally published at Insider Monkey.