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How to Buy Montrose Environmental Group Stock

Montrose Environmental Group Inc

Montrose Environmental Group, Inc. operates as an environmental services company in the United States.

Montrose Environmental Group stock last closed at $39.17, up 2.08% from the previous day, and has increased 15.44% in one year. It has underperformed other stocks in the Waste Management industry by 0.16 percentage points. Montrose Environmental Group stock is currently +78.37% from its 52-week low of $21.96, and -14.77% from its 52-week high of $45.96.

At the moment, there are 30.38M shares of MEG outstanding. The market value of MEG is $1.19B. In the last 24 hours, 213,995 MEG shares were traded.

How to Buy Montrose Environmental Group Stock

Wondering how to invest in Montrose Environmental Group stock? Here's how.
  1. Decide where to buy Montrose Environmental Group stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Montrose Environmental Group stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Fund your brokerage account: Select your method of payment and add your details.
  4. Evaluate Montrose Environmental Group stock: The Montrose Environmental Group ticker symbol is MEG. Is Montrose Environmental Group stock a good investment? Should you buy shares of MEG? How do MEG's underlying business fundamentals look? Do top analysts think Montrose Environmental Group is a good buy? Why has MEG's stock price moved recently? (Hint: Our stock market analysis website can help you understand if MEG is a good stock to buy).
  5. Execute your MEG purchase: Decide if you will purchase MEG shares at the current market price or use a limit order to buy MEG shares at a specific price.
  6. Track your MEG position: Create a watchlist to the latest updates on your investment in Montrose Environmental Group shares.

Step 1: Decide where to buy Montrose Environmental Group stock

You need an online brokerage account to access the NYSE market and buy MEG stock.

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Step 2: Open a brokerage account

Now that you've selected your brokerage, you'll need to fill out some personal info so you can invest in MEG stock today.

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Step 3: Fund your brokerage account

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Step 4: Evaluate Montrose Environmental Group stock

Once you have figured out the best place to buy Montrose Environmental Group stock, it's absolutely critical to evaluate their stock prior to investing, so you can comprehend the risk and opportunity.

Montrose Environmental Group stock data

MEG Price
$39.17
1w %
-0.63%
1y %
15.44%
5y %
N/A
P/E
-24.95x
P/B
3.7x
P/S
1.89x
PEG
N/A
Revenue
$624.21M
Earnings
-$47.26M
Fore. Rev. Growth
10.44%
Fore. Earn. Growth
N/A
Market Cap
$1.19B
Next Earnings
May 7, 2024
Next Dividend
N/A

Montrose Environmental Group Fundamentals

WallStreetZen was designed to help part-time investors perform more in-depth fundamental analysis.

You can view all of the due diligence checks on MEG's stock page.

How is MEG stock valued?

Analysts use many financial metrics, analyses, models, and charts to gauge MEG's fair value.

Using relative valuations metrics:

  • MEG could be undervalued based on its P/B ratio of 3.7x, relative to Waste Management industry P/B ratio of 5.99x

You can access more valuation research on MEG's stock here.

A quick look at MEG Financials

Positive Financial Indicators:

  • MEG profit margin has gone up from -8.9% to -7.6% in the past year.
  • MEG's operating cash flow of $56.02M allows it to safely service it's debt of $210.34M.
  • There are more short-term assets than short-term liabilities on the MEG balance sheet.
  • Total MEG debt is lower than 5 years ago, relative to shareholder equity.

Negative Financial Indicators:

  • There are more long-term liabilities than short-term assets on the MEG balance sheet.
  • MEG has a relatively high debt to equity ratio of 1.07.
  • MEG earnings of -$24.05M is not sufficient to cover its interest payments.

Is MEG stock a Buy, Hold, or Sell, according to analysts?

Out of 4 Equities analysts who give recommendations on MEG, the consensus analyst rating on MEG is a Strong Buy

Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

You can dig deeper into what analysts are projecting on the Montrose Environmental Group stock forecast page.

MEG Trading Indicators

SMA10
38.12
SMA20
38.18
SMA50
34.53
SMA100
32.29
SMA200
33.96
MACD
1.06
MACD Signal
1.29
MACD Histogram
-0.22
RSI
57.59
Stochastic %K
36.39
Stochastic %D
30.78
StochRSI %K
19.9
StochRSI %D
13.47

Is MEG Growing Revenue?

Last year, MEG revenue was $624.21M. In the past five year, MEG's revenue has gone up by 27.02% per year. This was faster than the Waste Management industry average of 10.19%.

Find out more about MEG's earnings and revenue performance here.

Are MEG executives and large shareholders buying or selling the stock?

Over the past 12 months, insiders at MEG have bought more shares than they have sold.

Allan Dicks, Chief Financial Officer of MEG, was the latest MEG insider to buy. They bought $51,370.00 worth of MEG shares on Nov 10, 2023.

Get more info about who owns MEG shares here.

Does MEG stock generate passive income?

No, Montrose Environmental Group doesn't provide an income stream by paying out dividends.

What others are saying about MEG

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Step 5: Execute your MEG purchase

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are generally fine for most investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a particular dollar amount, place a limit order.

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Step 6: Track your MEG position

Now that you own some shares in MEG, you'll want to keep up with your new stock purchase.

Put MEG on a watchlist to track your MEG stock.

MEG Feed

How to Buy Stock in Montrose Environmental Group

To summarize, here are the 6 steps you need to take to buy Montrose Environmental Group stock right now:

  1. Decide where to buy Montrose Environmental Group stock
  2. Open a brokerage account
  3. Fund your brokerage account
  4. Evaluate Montrose Environmental Group stock
  5. Execute your MEG purchase
  6. Track your MEG position

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If you want to keep track of your new investment in Montrose Environmental Group, click below.

NYSE: MEG
$39.17+0.80 (+2.08%)
Updated Mar 28, 2024
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NYSE: MEG
$39.17+0.80 (+2.08%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Montrose Environmental Group share?

As of Mar 28, 2024, it costs $39.17 to buy one share of Montrose Environmental Group stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.255 shares of MEG.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Montrose Environmental Group stock?

According to 4 Wall Street analysts who monitor Montrose Environmental Group, their consensus recommendation is to buy Montrose Environmental Group stock.

What is the best way to buy Montrose Environmental Group stock?

One way to place an order for Montrose Environmental Group stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.