Matthews International (MATW) Stock Rating Lowered by BidaskClub

Matthews International (NASDAQ:MATW) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Tuesday.

Several other brokerages have also recently commented on MATW. Zacks Investment Research raised shares of Matthews International from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. B. Riley reaffirmed a “buy” rating and set a $92.00 price target on shares of Matthews International in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $83.50.

Matthews International (NASDAQ MATW) traded up $0.45 during trading hours on Tuesday, reaching $53.70. 267,500 shares of the company’s stock were exchanged, compared to its average volume of 95,793. The company has a current ratio of 2.09, a quick ratio of 1.49 and a debt-to-equity ratio of 1.12. The stock has a market cap of $1,711.91, a PE ratio of 14.92 and a beta of 1.08. Matthews International has a one year low of $52.70 and a one year high of $77.85.

Matthews International (NASDAQ:MATW) last issued its quarterly earnings results on Thursday, November 16th. The company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). Matthews International had a return on equity of 15.77% and a net margin of 4.83%. The company had revenue of $396.10 million for the quarter, compared to the consensus estimate of $389.67 million. During the same period in the previous year, the business posted $1.08 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. analysts predict that Matthews International will post 3.83 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Quantbot Technologies LP lifted its position in shares of Matthews International by 1,289.0% during the second quarter. Quantbot Technologies LP now owns 2,139 shares of the company’s stock worth $131,000 after purchasing an additional 1,985 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Matthews International during the third quarter worth about $159,000. Riverhead Capital Management LLC raised its stake in Matthews International by 60.6% during the second quarter. Riverhead Capital Management LLC now owns 2,731 shares of the company’s stock worth $167,000 after acquiring an additional 1,031 shares during the period. Neuberger Berman Group LLC acquired a new stake in Matthews International during the third quarter worth about $213,000. Finally, Victory Capital Management Inc. raised its stake in Matthews International by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,474 shares of the company’s stock worth $213,000 after acquiring an additional 520 shares during the period. 78.65% of the stock is currently 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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