Minerals Technologies Inc (MTX) Given $66.00 Average Target Price by Analysts

Minerals Technologies Inc (NYSE:MTX) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price target of $66.00 for the company and are forecasting that the company will post $1.12 EPS for the current quarter, according to Zacks. Zacks has also given Minerals Technologies an industry rank of 207 out of 255 based on the ratings given to its competitors.

MTX has been the subject of several analyst reports. Zacks Investment Research lowered shares of Minerals Technologies from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Gabelli restated a “buy” rating on shares of Minerals Technologies in a report on Thursday, March 28th.

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Minerals Technologies by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,610,617 shares of the basic materials company’s stock worth $108,877,000 after acquiring an additional 15,740 shares during the last quarter. Putnam Investments LLC bought a new stake in Minerals Technologies during the 3rd quarter valued at about $1,073,000. Vanguard Group Inc lifted its holdings in Minerals Technologies by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 3,249,318 shares of the basic materials company’s stock valued at $219,654,000 after buying an additional 41,020 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Minerals Technologies by 12.3% during the 3rd quarter. Pacer Advisors Inc. now owns 12,561 shares of the basic materials company’s stock valued at $849,000 after buying an additional 1,376 shares in the last quarter. Finally, Eaton Vance Management lifted its holdings in Minerals Technologies by 11.1% during the 4th quarter. Eaton Vance Management now owns 107,763 shares of the basic materials company’s stock valued at $5,533,000 after buying an additional 10,806 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

MTX stock traded up $0.74 during trading on Tuesday, hitting $63.19. 122,600 shares of the company’s stock traded hands, compared to its average volume of 140,949. Minerals Technologies has a 52 week low of $47.07 and a 52 week high of $80.80. The company has a quick ratio of 1.67, a current ratio of 2.29 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $2.20 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 1.44 and a beta of 1.92.

Minerals Technologies (NYSE:MTX) last released its earnings results on Thursday, January 31st. The basic materials company reported $1.17 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.17. The firm had revenue of $447.50 million during the quarter, compared to analyst estimates of $452.04 million. Minerals Technologies had a net margin of 9.45% and a return on equity of 12.82%. As a group, analysts anticipate that Minerals Technologies will post 5 EPS for the current year.

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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