Wall Street Zen Upgrades Mativ (NYSE:MATV) to “Strong-Buy”

Mativ (NYSE:MATV) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Separately, Weiss Ratings upgraded shares of Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Mativ Stock Up 0.2%

Shares of NYSE:MATV opened at $8.13 on Friday. The stock’s 50-day moving average price is $7.99 and its two-hundred day moving average price is $9.74. The company has a current ratio of 2.26, a quick ratio of 1.12 and a debt-to-equity ratio of 2.22. Mativ has a 12-month low of $6.17 and a 12-month high of $15.48. The firm has a market cap of $448.40 million, a price-to-earnings ratio of 6.07 and a beta of 0.89.

Mativ (NYSE:MATV) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $479.60 million during the quarter, compared to the consensus estimate of $486.90 million. Mativ had a net margin of 3.86% and a return on equity of 11.77%. On average, research analysts forecast that Mativ will post 0.85 EPS for the current year.

Hedge Funds Weigh In On Mativ

Large investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. lifted its stake in shares of Mativ by 1,082.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,364 shares of the company’s stock valued at $29,000 after purchasing an additional 2,164 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Mativ during the 3rd quarter worth approximately $30,000. California State Teachers Retirement System increased its position in Mativ by 167.2% during the 4th quarter. California State Teachers Retirement System now owns 3,327 shares of the company’s stock worth $40,000 after purchasing an additional 2,082 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in Mativ by 26.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 3,961 shares of the company’s stock valued at $48,000 after buying an additional 818 shares during the period. Finally, CANADA LIFE ASSURANCE Co purchased a new position in Mativ in the fourth quarter valued at approximately $77,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Mativ Company Profile

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.