Matthews International (NASDAQ:MATW) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Matthews International (NASDAQ:MATWFree Report) from a hold rating to a buy rating in a research note released on Saturday morning.

Several other research analysts have also recently commented on the stock. Zacks Research raised shares of Matthews International from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings raised shares of Matthews International from a “sell (d)” rating to a “hold (c)” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on Matthews International

Matthews International Stock Up 0.2%

Shares of MATW opened at $28.61 on Friday. Matthews International has a 12 month low of $18.61 and a 12 month high of $30.93. The firm’s 50 day moving average is $26.21 and its 200-day moving average is $25.77. The stock has a market capitalization of $890.63 million, a PE ratio of 92.29 and a beta of 1.12. The company has a current ratio of 1.51, a quick ratio of 0.91 and a debt-to-equity ratio of 0.98.

Matthews International (NASDAQ:MATWGet Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.17 by $0.20. Matthews International had a net margin of 0.80% and a return on equity of 5.88%. The company had revenue of $258.62 million for the quarter, compared to analysts’ expectations of $253.65 million. Equities research analysts forecast that Matthews International will post 0.8 EPS for the current year.

Matthews International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 25th. Shareholders of record on Monday, May 11th will be given a $0.255 dividend. The ex-dividend date is Monday, May 11th. This represents a $1.02 dividend on an annualized basis and a yield of 3.6%. Matthews International’s dividend payout ratio (DPR) is currently 143.66%.

Institutional Trading of Matthews International

A number of hedge funds have recently added to or reduced their stakes in MATW. Steel Partners Holdings L.P. acquired a new stake in Matthews International in the fourth quarter valued at approximately $20,084,000. Private Capital Management LLC boosted its position in Matthews International by 201.1% in the fourth quarter. Private Capital Management LLC now owns 1,018,587 shares of the company’s stock valued at $26,605,000 after buying an additional 680,256 shares in the last quarter. Simcoe Capital Management LLC acquired a new stake in Matthews International in the fourth quarter valued at approximately $8,763,000. Cannell Capital LLC acquired a new stake in Matthews International in the second quarter valued at approximately $5,926,000. Finally, Focus Partners Wealth acquired a new stake in Matthews International in the fourth quarter valued at approximately $5,242,000. Institutional investors and hedge funds own 83.08% of the company’s stock.

Trending Headlines about Matthews International

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About Matthews International

(Get Free Report)

Matthews International Corporation (NASDAQ:MATW) is a diversified industrial company headquartered in Pittsburgh, Pennsylvania. The company operates through two primary business segments—Brand Solutions and Memorialization—offering a broad range of products and services designed to meet the needs of industrial manufacturers, brand marketers and the funeral industry worldwide.

In its Brand Solutions segment, Matthews International provides engraving and digital printing systems, automated finishing equipment, thermal management products and electronics assembly solutions.

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