Matthews International Corp (NASDAQ:MATW) Given Consensus Rating of “Hold” by Analysts

Matthews International Corp (NASDAQ:MATW) has received an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $70.50.

Several research firms have weighed in on MATW. BidaskClub downgraded Matthews International from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Zacks Investment Research downgraded Matthews International from a “hold” rating to a “sell” rating in a research note on Saturday, April 20th.

NASDAQ:MATW traded up $0.01 during mid-day trading on Tuesday, hitting $33.77. The company had a trading volume of 110,196 shares, compared to its average volume of 134,228. Matthews International has a fifty-two week low of $33.04 and a fifty-two week high of $61.25. The company has a fifty day moving average price of $35.74. The company has a current ratio of 2.01, a quick ratio of 1.40 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 8.53 and a beta of 1.18.

Matthews International (NASDAQ:MATW) last released its earnings results on Thursday, May 2nd. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.05). Matthews International had a net margin of 4.58% and a return on equity of 14.25%. The company had revenue of $391.40 million during the quarter, compared to analyst estimates of $408.09 million. During the same period in the previous year, the company posted $0.93 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Matthews International will post 3.6 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of MATW. Amundi Pioneer Asset Management Inc. bought a new stake in Matthews International during the 4th quarter worth approximately $130,000. PNC Financial Services Group Inc. increased its holdings in Matthews International by 44.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,339 shares of the company’s stock worth $136,000 after purchasing an additional 1,022 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Matthews International during the 1st quarter worth approximately $211,000. SG Americas Securities LLC bought a new stake in Matthews International during the 1st quarter worth approximately $215,000. Finally, Two Sigma Advisers LP bought a new stake in Matthews International during the 4th quarter worth approximately $241,000. 81.49% of the stock is owned by hedge funds and other institutional investors.

Matthews International Company Profile

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.

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