P H Glatfelter Co (NYSE:GLT) was upgraded by research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Monday, May 15th, StockTargetPrices.com reports. The firm currently has a $24.00 price target on the basic materials company’s stock, up from their prior price target of $23.00. BMO Capital Markets’ target price points to a potential upside of 31.15% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. ValuEngine raised shares of P H Glatfelter from a “hold” rating to a “buy” rating and set a $14.75 target price on the stock in a research note on Thursday, May 11th. TheStreet raised shares of P H Glatfelter from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. Finally, Zacks Investment Research downgraded shares of P H Glatfelter from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. P H Glatfelter has an average rating of “Hold” and an average price target of $22.69.

P H Glatfelter (NYSE:GLT) opened at 18.30 on Monday. The company has a 50-day moving average of $19.81 and a 200-day moving average of $22.13. The stock has a market cap of $797.11 million, a PE ratio of 47.78 and a beta of 1.33. P H Glatfelter has a 12 month low of $17.50 and a 12 month high of $25.59.

P H Glatfelter (NYSE:GLT) last released its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. P H Glatfelter had a net margin of 1.34% and a return on equity of 8.85%. The business had revenue of $390.70 million during the quarter, compared to analyst estimates of $400.65 million. During the same quarter last year, the business earned $0.37 earnings per share. P H Glatfelter’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities analysts forecast that P H Glatfelter will post $1.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 3rd will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, June 29th. P H Glatfelter’s dividend payout ratio is presently 104.17%.

WARNING: “P H Glatfelter Co (GLT) Upgraded by BMO Capital Markets to “Outperform”” was reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/05/29/p-h-glatfelter-co-glt-upgraded-by-bmo-capital-markets-to-outperform.html.

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in P H Glatfelter by 11.3% in the first quarter. State Street Corp now owns 1,081,676 shares of the basic materials company’s stock valued at $23,518,000 after buying an additional 109,459 shares in the last quarter. Bank of America Corp DE increased its position in P H Glatfelter by 9.7% in the first quarter. Bank of America Corp DE now owns 745,313 shares of the basic materials company’s stock valued at $16,203,000 after buying an additional 66,191 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in P H Glatfelter by 9.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 337,205 shares of the basic materials company’s stock valued at $7,331,000 after buying an additional 27,821 shares in the last quarter. BlackRock Inc. increased its position in P H Glatfelter by 47,120.4% in the first quarter. BlackRock Inc. now owns 5,571,062 shares of the basic materials company’s stock valued at $121,116,000 after buying an additional 5,559,264 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in P H Glatfelter by 5.3% in the first quarter. Geode Capital Management LLC now owns 330,596 shares of the basic materials company’s stock valued at $7,187,000 after buying an additional 16,688 shares in the last quarter. 88.10% of the stock is currently owned by institutional investors.

About P H Glatfelter

P. H. Glatfelter Company is a manufacturer of specialty papers and fiber-based engineered materials. The Company operates through three business units: Composite Fibers, Advanced Airlaid Materials and Specialty Papers. Its Composite Fibers business unit is engaged in the sale of single-serve tea and coffee filtration papers, non-woven wallcovering materials, metallized papers, composite laminates papers, and various technically special papers, including substrates for electrical applications.

Stock Target Prices

Receive News & Ratings for P H Glatfelter Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for P H Glatfelter Co and related companies with MarketBeat.com's FREE daily email newsletter.