Matthews International (MATW) Given a $92.00 Price Target at B. Riley
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.
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.
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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).
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