Matthews International (NASDAQ:MATW) has been given a $92.00 price objective by research analysts at B. Riley in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock. B. Riley’s target price suggests a potential upside of 71.80% from the company’s current price.

Several other brokerages have also commented on MATW. ValuEngine lowered Matthews International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BidaskClub raised Matthews International from a “strong sell” rating to a “sell” rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $83.50.

Shares of Matthews International (MATW) opened at $53.55 on Monday. The company has a quick ratio of 1.48, a current ratio of 2.10 and a debt-to-equity ratio of 1.20. Matthews International has a fifty-two week low of $50.10 and a fifty-two week high of $72.60. The company has a market capitalization of $1,729.21, a price-to-earnings ratio of 17.44 and a beta of 1.11.

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

In related news, VP Robert M. Marsh purchased 3,000 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was acquired at an average price of $55.50 per share, with a total value of $166,500.00. Following the completion of the acquisition, the vice president now owns 16,207 shares of the company’s stock, valued at approximately $899,488.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tunon Alvaro Garcia purchased 1,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were bought at an average cost of $52.00 per share, with a total value of $52,000.00. The disclosure for this purchase can be found here. Insiders own 3.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in MATW. BlackRock Inc. grew its holdings in Matthews International by 7.8% during the fourth quarter. BlackRock Inc. now owns 4,166,858 shares of the company’s stock valued at $220,010,000 after purchasing an additional 302,721 shares during the period. Channing Capital Management LLC grew its holdings in Matthews International by 12.7% during the third quarter. Channing Capital Management LLC now owns 885,504 shares of the company’s stock valued at $55,123,000 after purchasing an additional 99,837 shares during the period. Assenagon Asset Management S.A. bought a new stake in Matthews International during the fourth quarter valued at about $5,219,000. FMR LLC grew its holdings in Matthews International by 14.3% during the second quarter. FMR LLC now owns 764,748 shares of the company’s stock valued at $46,841,000 after purchasing an additional 95,500 shares during the period. Finally, Arizona State Retirement System grew its holdings in Matthews International by 224.2% during the fourth quarter. Arizona State Retirement System now owns 54,033 shares of the company’s stock valued at $2,853,000 after purchasing an additional 37,366 shares during the period. 77.61% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Matthews International (MATW) Given a $92.00 Price Target at B. Riley” was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://theolympiareport.com/2018/02/12/matthews-international-matw-given-a-92-00-price-target-at-b-riley.html.

Matthews International Company Profile

Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The Company operates through three segments: SGK Brand Solutions, Memorialization and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery (consisting of brand management, printing plates and cylinders, pre-media services and imaging services for consumer packaged goods and retail customers, merchandising display systems, and marketing and design services).

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.