Matthews International (NASDAQ:MATW) Lowered to Strong Sell at BidaskClub

BidaskClub cut shares of Matthews International (NASDAQ:MATW) from a sell rating to a strong sell rating in a research report released on Friday, March 22nd, BidAskClub reports.

Other equities analysts have also issued reports about the company. Zacks Investment Research raised Matthews International from a sell rating to a hold rating in a research note on Tuesday, January 22nd. Wellington Shields lowered Matthews International from a buy rating to a hold rating in a research note on Friday, February 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Matthews International has a consensus rating of Hold and an average target price of $66.00.

Matthews International stock traded up $0.30 during trading hours on Friday, reaching $38.71. The stock had a trading volume of 117,485 shares, compared to its average volume of 134,306. The company has a market capitalization of $1.23 billion, a PE ratio of 9.78 and a beta of 1.08. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.42 and a current ratio of 2.04. Matthews International has a 52 week low of $35.50 and a 52 week high of $61.25.

Matthews International (NASDAQ:MATW) last issued its quarterly earnings results on Thursday, January 31st. The company reported $0.50 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.50. Matthews International had a return on equity of 14.35% and a net margin of 4.68%. The business had revenue of $374.18 million for the quarter, compared to analyst estimates of $358.55 million. On average, equities analysts predict that Matthews International will post 4.13 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Matthews International by 2.7% during the fourth quarter. BlackRock Inc. now owns 4,688,448 shares of the company’s stock worth $190,444,000 after acquiring an additional 123,890 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Matthews International by 1.6% during the third quarter. Vanguard Group Inc now owns 3,356,290 shares of the company’s stock worth $168,318,000 after acquiring an additional 52,096 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Matthews International by 1.6% during the third quarter. Vanguard Group Inc. now owns 3,356,290 shares of the company’s stock worth $168,318,000 after acquiring an additional 52,096 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Matthews International by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,737,395 shares of the company’s stock worth $70,573,000 after acquiring an additional 141,901 shares in the last quarter. Finally, Clarkston Capital Partners LLC raised its holdings in shares of Matthews International by 4.0% during the fourth quarter. Clarkston Capital Partners LLC now owns 1,497,956 shares of the company’s stock worth $60,847,000 after acquiring an additional 57,885 shares in the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

About Matthews International

Matthews International Corporation provides brand solutions, memorialization products, and industrial products worldwide. The company's SGK Brand Solutions segment provides brand development and graphic design services, such as visual intellectual properties, packaging, and content creation; brand deployment and activation services, including design and production of merchandising exhibits and shopper experiences in digital and printed media channels; and consulting services to brand owners on workflow best practices, management and technologies, printing quality, measurement, and consistency.

Further Reading: Are sell-side analysts objective?

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