Matthews International Corp (NASDAQ:MATW) has been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $76.50.
Several research firms recently weighed in on MATW. BidaskClub raised Matthews International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 26th. ValuEngine raised Matthews International from a “sell” rating to a “hold” rating in a research note on Monday, July 16th. Zacks Investment Research lowered Matthews International from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. TheStreet lowered Matthews International from a “b” rating to a “c+” rating in a research note on Monday, August 20th. Finally, Buckingham Research began coverage on Matthews International in a research note on Tuesday, October 2nd. They issued a “buy” rating and a $61.00 price objective on the stock.
Shares of MATW traded down $1.32 during trading hours on Thursday, hitting $42.99. 106,500 shares of the company were exchanged, compared to its average volume of 143,662. The firm has a market cap of $1.61 billion, a P/E ratio of 12.31 and a beta of 1.05. Matthews International has a fifty-two week low of $42.58 and a fifty-two week high of $63.75. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.45 and a current ratio of 2.05.
Matthews International (NASDAQ:MATW) last released its earnings results on Thursday, July 26th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.02. The company had revenue of $411.62 million for the quarter, compared to analyst estimates of $421.59 million. Matthews International had a return on equity of 14.70% and a net margin of 6.12%. Matthews International’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS. On average, research analysts predict that Matthews International will post 3.9 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Foundry Partners LLC boosted its stake in Matthews International by 2.5% in the third quarter. Foundry Partners LLC now owns 170,343 shares of the company’s stock valued at $8,543,000 after buying an additional 4,121 shares in the last quarter. Toth Financial Advisory Corp raised its position in Matthews International by 42.4% in the third quarter. Toth Financial Advisory Corp now owns 4,217 shares of the company’s stock valued at $212,000 after purchasing an additional 1,255 shares during the last quarter. Manning & Napier Group LLC bought a new position in Matthews International in the third quarter valued at about $306,000. United Services Automobile Association raised its position in Matthews International by 7.9% in the second quarter. United Services Automobile Association now owns 199,197 shares of the company’s stock valued at $11,713,000 after purchasing an additional 14,610 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Matthews International by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 485,081 shares of the company’s stock valued at $28,521,000 after purchasing an additional 15,603 shares during the last quarter. 81.12% of the stock is currently owned by institutional investors and hedge funds.
Matthews International Company Profile
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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