Minerals Technologies (NYSE:MTX) Upgraded at ValuEngine

Minerals Technologies (NYSE:MTX) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Friday, ValuEngine reports.

A number of other research firms also recently issued reports on MTX. TheStreet downgraded shares of Minerals Technologies from a “b-” rating to a “c+” rating in a report on Thursday, May 30th. Zacks Investment Research downgraded shares of Minerals Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. downgraded shares of Minerals Technologies from an “overweight” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $65.00.

Shares of NYSE MTX traded up $1.67 during midday trading on Friday, reaching $52.99. The company’s stock had a trading volume of 232,819 shares, compared to its average volume of 140,967. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.31 and a quick ratio of 1.66. Minerals Technologies has a fifty-two week low of $47.07 and a fifty-two week high of $80.80. The company has a market cap of $1.94 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 1.80 and a beta of 1.87. The stock has a 50 day simple moving average of $53.60.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Thursday, August 1st. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.05. Minerals Technologies had a net margin of 9.37% and a return on equity of 12.52%. The company had revenue of $463.80 million for the quarter, compared to the consensus estimate of $458.47 million. During the same period last year, the company earned $1.28 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. On average, research analysts predict that Minerals Technologies will post 4.63 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in Minerals Technologies by 8.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,742,260 shares of the basic materials company’s stock worth $89,447,000 after buying an additional 131,643 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Minerals Technologies by 4.8% during the first quarter. Victory Capital Management Inc. now owns 1,192,066 shares of the basic materials company’s stock worth $70,082,000 after buying an additional 54,062 shares during the last quarter. Boston Partners increased its holdings in Minerals Technologies by 1.9% during the first quarter. Boston Partners now owns 708,400 shares of the basic materials company’s stock worth $41,647,000 after buying an additional 13,481 shares during the last quarter. American Century Companies Inc. increased its holdings in Minerals Technologies by 9.0% during the fourth quarter. American Century Companies Inc. now owns 609,707 shares of the basic materials company’s stock worth $31,302,000 after buying an additional 50,437 shares during the last quarter. Finally, Norges Bank acquired a new position in Minerals Technologies during the fourth quarter worth $22,597,000. Institutional investors and hedge funds own 94.49% of the company’s stock.

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.

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