Shares of Matthews International Corp (NASDAQ:MATW) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $70.50.

A number of research firms have commented on MATW. B. Riley cut their price target on shares of Matthews International from $92.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, November 19th. Zacks Investment Research upgraded shares of Matthews International from a “sell” rating to a “hold” rating in a report on Friday, January 4th. BidaskClub lowered shares of Matthews International from a “buy” rating to a “hold” rating in a report on Friday, January 25th. Finally, Wellington Shields lowered shares of Matthews International from a “buy” rating to a “hold” rating in a report on Friday, February 1st.

Institutional investors and hedge funds have recently made changes to their positions in the company. Smithfield Trust Co. raised its holdings in Matthews International by 133.3% during the 4th quarter. Smithfield Trust Co. now owns 700 shares of the company’s stock valued at $28,000 after buying an additional 400 shares during the last quarter. Quantamental Technologies LLC bought a new stake in Matthews International during the 4th quarter valued at $85,000. Amundi Pioneer Asset Management Inc. bought a new stake in Matthews International during the 4th quarter valued at $130,000. PNC Financial Services Group Inc. raised 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 valued at $136,000 after buying an additional 1,022 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new stake in Matthews International during the 4th quarter valued at $241,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.

MATW stock traded up $0.01 during midday trading on Friday, reaching $37.66. The company had a trading volume of 339 shares, compared to its average volume of 132,251. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.04 and a quick ratio of 1.42. Matthews International has a 1 year low of $37.06 and a 1 year high of $61.25. The stock has a market cap of $1.22 billion, a PE ratio of 9.51 and a beta of 1.10.

Matthews International (NASDAQ:MATW) last released its quarterly earnings results on Thursday, January 31st. The company reported $0.50 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.50. Matthews International had a net margin of 4.68% and a return on equity of 14.35%. The business had revenue of $374.18 million during the quarter, compared to analysts’ expectations of $358.55 million. On average, research analysts expect that Matthews International will post 4.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 18th. Stockholders of record on Monday, February 4th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, February 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.12%. Matthews International’s payout ratio is 20.20%.

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.

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