Minerals Technologies (MTX) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Minerals Technologies (NYSE:MTX) from a sell rating to a hold rating in a report issued on Thursday morning.

According to Zacks, “Minerals Technologies Inc. is a resource- and technology-based company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. The Company has five reportable segments: Specialty Minerals, Refractories, Performance Materials, Construction Technologies and Energy Services. “

A number of other research firms have also recently weighed in on MTX. ValuEngine upgraded shares of Minerals Technologies from a hold rating to a buy rating in a report on Thursday, January 4th. KeyCorp reaffirmed a hold rating on shares of Minerals Technologies in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $80.00.

Minerals Technologies (NYSE:MTX) traded up $1.70 during trading hours on Thursday, hitting $76.75. 197,805 shares of the stock were exchanged, compared to its average volume of 167,887. Minerals Technologies has a twelve month low of $62.55 and a twelve month high of $83.85. The company has a market cap of $2,654.28, a PE ratio of 17.48 and a beta of 2.26. The company has a quick ratio of 1.98, a current ratio of 2.66 and a debt-to-equity ratio of 0.82.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Minerals Technologies had a net margin of 9.48% and a return on equity of 14.59%. The business had revenue of $424.40 million for the quarter, compared to analysts’ expectations of $404.80 million. During the same period last year, the business earned $1.17 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. equities analysts expect that Minerals Technologies will post 4.57 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Minerals Technologies by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,471 shares of the basic materials company’s stock valued at $108,000 after purchasing an additional 125 shares during the last quarter. Amalgamated Bank raised its position in shares of Minerals Technologies by 4.1% in the 2nd quarter. Amalgamated Bank now owns 5,012 shares of the basic materials company’s stock valued at $367,000 after purchasing an additional 196 shares during the last quarter. M&T Bank Corp raised its position in shares of Minerals Technologies by 3.7% in the 2nd quarter. M&T Bank Corp now owns 5,638 shares of the basic materials company’s stock valued at $413,000 after purchasing an additional 200 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Minerals Technologies by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,054 shares of the basic materials company’s stock valued at $150,000 after purchasing an additional 307 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Minerals Technologies by 2.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 20,599 shares of the basic materials company’s stock valued at $1,508,000 after purchasing an additional 395 shares during the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Minerals Technologies (MTX) Upgraded to “Hold” at Zacks Investment Research” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/20/minerals-technologies-mtx-upgraded-to-hold-at-zacks-investment-research.html.

About Minerals Technologies

Minerals Technologies Inc is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and related systems and services around the world. It operates through four segments. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and sells natural mineral products, primarily limestone and talc.

Receive News & Ratings for Minerals Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Minerals Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply