Matthews International Corp. (NASDAQ:MATW) had its price objective raised by Macquarie from $57.00 to $64.00 in a report released on Thursday. The firm presently has a “neutral” rating on the stock. Macquarie’s price target would suggest a potential upside of 6.29% from the company’s previous close.

Separately, Wunderlich upped their price objective on shares of Matthews International Corp. from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, July 29th.

Shares of Matthews International Corp. (NASDAQ:MATW) traded up 1.56% on Thursday, reaching $61.15. 56,352 shares of the company were exchanged. Matthews International Corp. has a 1-year low of $45.00 and a 1-year high of $62.85. The stock has a market capitalization of $1.96 billion, a PE ratio of 33.78 and a beta of 1.02. The company has a 50-day moving average price of $60.85 and a 200 day moving average price of $55.32.

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Matthews International Corp. (NASDAQ:MATW) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. Matthews International Corp. had a net margin of 4.07% and a return on equity of 14.87%. The company earned $382.06 million during the quarter, compared to the consensus estimate of $385.34 million. During the same quarter in the prior year, the company posted $0.88 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts forecast that Matthews International Corp. will post $3.30 EPS for the current fiscal year.

In related news, insider Paul C. Jensen sold 914 shares of the stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $62.24, for a total transaction of $56,887.36. Following the completion of the sale, the insider now owns 24,679 shares of the company’s stock, valued at approximately $1,536,020.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Schawk sold 25,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $60.52, for a total transaction of $1,513,000.00. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.

Matthews International Corp. Company Profile

Matthews International Corporation is a designer, manufacturer and marketer of memorialization products and brand solutions. The Company’s products and operations consist of six business segments: Cemetery Products, Funeral Home Products, Cremation, Graphics Imaging, Marking and Fulfillment Systems, and Merchandising Solutions.

5 Day Chart for NASDAQ:MATW

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