Matthews International (MATW) – Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Matthews International (NASDAQ: MATW):

  • 4/7/2018 – Matthews International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Matthews International Corporation is a designer, manufacturer and marketer principally of memorialization products & brand solutions. Memorialization products consist primarily of bronze memorials and other memorialization products, caskets and cremation equipment for the cemetery & funeral home industries. Brand solutions include graphics imaging products & services, marking products, & merchandising solutions. The Company’s products & services include cast bronze memorials & other memorialization products; caskets; cast & etched architectural products; cremation equipment & cremation- related products; mausoleums; brand management, printing plates, pre-press services, & imaging systems for the primary packaging & corrugated industries; marking equipment & consumables, & industrial automation products for identifying, tracking & conveying various consumer & industrial products, components & packaging containers; & merchandising display systems and marketing & design services. “
  • 4/3/2018 – Matthews International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $57.00 price target on the stock. According to Zacks, “Matthews International Corporation is a designer, manufacturer and marketer principally of memorialization products & brand solutions. Memorialization products consist primarily of bronze memorials and other memorialization products, caskets and cremation equipment for the cemetery & funeral home industries. Brand solutions include graphics imaging products & services, marking products, & merchandising solutions. The Company’s products & services include cast bronze memorials & other memorialization products; caskets; cast & etched architectural products; cremation equipment & cremation- related products; mausoleums; brand management, printing plates, pre-press services, & imaging systems for the primary packaging & corrugated industries; marking equipment & consumables, & industrial automation products for identifying, tracking & conveying various consumer & industrial products, components & packaging containers; & merchandising display systems and marketing & design services. “
  • 3/29/2018 – Matthews International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Matthews International Corporation is a designer, manufacturer and marketer principally of memorialization products & brand solutions. Memorialization products consist primarily of bronze memorials and other memorialization products, caskets and cremation equipment for the cemetery & funeral home industries. Brand solutions include graphics imaging products & services, marking products, & merchandising solutions. The Company’s products & services include cast bronze memorials & other memorialization products; caskets; cast & etched architectural products; cremation equipment & cremation- related products; mausoleums; brand management, printing plates, pre-press services, & imaging systems for the primary packaging & corrugated industries; marking equipment & consumables, & industrial automation products for identifying, tracking & conveying various consumer & industrial products, components & packaging containers; & merchandising display systems and marketing & design services. “
  • 3/28/2018 – Matthews International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $57.00 price target on the stock. According to Zacks, “Matthews International Corporation is a designer, manufacturer and marketer principally of memorialization products & brand solutions. Memorialization products consist primarily of bronze memorials and other memorialization products, caskets and cremation equipment for the cemetery & funeral home industries. Brand solutions include graphics imaging products & services, marking products, & merchandising solutions. The Company’s products & services include cast bronze memorials & other memorialization products; caskets; cast & etched architectural products; cremation equipment & cremation- related products; mausoleums; brand management, printing plates, pre-press services, & imaging systems for the primary packaging & corrugated industries; marking equipment & consumables, & industrial automation products for identifying, tracking & conveying various consumer & industrial products, components & packaging containers; & merchandising display systems and marketing & design services. “
  • 3/22/2018 – Matthews International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Matthews International Corporation is a designer, manufacturer and marketer principally of memorialization products & brand solutions. Memorialization products consist primarily of bronze memorials and other memorialization products, caskets and cremation equipment for the cemetery & funeral home industries. Brand solutions include graphics imaging products & services, marking products, & merchandising solutions. The Company’s products & services include cast bronze memorials & other memorialization products; caskets; cast & etched architectural products; cremation equipment & cremation- related products; mausoleums; brand management, printing plates, pre-press services, & imaging systems for the primary packaging & corrugated industries; marking equipment & consumables, & industrial automation products for identifying, tracking & conveying various consumer & industrial products, components & packaging containers; & merchandising display systems and marketing & design services. “
  • 3/21/2018 – Matthews International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $58.00 price target on the stock. According to Zacks, “Matthews International Corporation is a designer, manufacturer and marketer principally of memorialization products & brand solutions. Memorialization products consist primarily of bronze memorials and other memorialization products, caskets and cremation equipment for the cemetery & funeral home industries. Brand solutions include graphics imaging products & services, marking products, & merchandising solutions. The Company’s products & services include cast bronze memorials & other memorialization products; caskets; cast & etched architectural products; cremation equipment & cremation- related products; mausoleums; brand management, printing plates, pre-press services, & imaging systems for the primary packaging & corrugated industries; marking equipment & consumables, & industrial automation products for identifying, tracking & conveying various consumer & industrial products, components & packaging containers; & merchandising display systems and marketing & design services. “
  • 3/20/2018 – Matthews International was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 3/1/2018 – Matthews International was upgraded by analysts at Wellington Shields from a “hold” rating to a “gradually accumulate” rating.
  • 2/12/2018 – Matthews International was given a new $92.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.

MATW stock opened at $49.60 on Tuesday. The company has a market capitalization of $1,621.04, a P/E ratio of 13.78 and a beta of 1.12. Matthews International Co. has a 12-month low of $48.75 and a 12-month high of $72.60. The company has a current ratio of 2.10, a quick ratio of 1.48 and a debt-to-equity ratio of 1.20.

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Matthews International (NASDAQ:MATW) last announced its earnings results on Thursday, January 25th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. The business had revenue of $369.50 million during the quarter, compared to analyst estimates of $355.84 million. Matthews International had a net margin of 6.46% and a return on equity of 15.09%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. analysts forecast that Matthews International Co. will post 3.89 EPS for the current year.

In related news, VP Robert M. Marsh bought 3,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was acquired at an average cost of $55.50 per share, for a total transaction of $166,500.00. Following the purchase, the vice president now owns 16,207 shares in the company, valued at $899,488.50. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Tunon Alvaro Garcia bought 1,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were bought at an average price of $52.00 per share, with a total value of $52,000.00. The disclosure for this purchase can be found here. 3.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in MATW. New York State Common Retirement Fund increased its stake in shares of Matthews International by 5.4% in the 3rd quarter. New York State Common Retirement Fund now owns 67,408 shares of the company’s stock worth $4,196,000 after purchasing an additional 3,463 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Matthews International in the 3rd quarter worth $159,000. American International Group Inc. increased its stake in shares of Matthews International by 5.7% in the 3rd quarter. American International Group Inc. now owns 24,891 shares of the company’s stock worth $1,549,000 after purchasing an additional 1,339 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Matthews International by 2.6% in the 3rd quarter. Legal & General Group Plc now owns 63,561 shares of the company’s stock worth $3,957,000 after purchasing an additional 1,636 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Matthews International by 65.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 86,962 shares of the company’s stock worth $5,478,000 after purchasing an additional 34,331 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Matthews International Corporation provides brand solutions, memorialization products, and industrial products in the United States, Central and South America, Canada, Europe, Australia, and Asia. It operates through three segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment, delivery, brand management, 3-D graphics renderings, pre-media graphics services, printing plates, gravure cylinders, steel bases, embossing tools, special purpose machinery, engineering assistance, print process assistance, print production management, digital asset management, content management, and package design services to brand owners and packaging manufacturers; and creative digital graphics services, as well as designs, engineers, manufactures, and executes merchandising and display systems.

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