Glatfelter (GLT) Receives Average Recommendation of “Hold” from Analysts

Glatfelter (NYSE:GLT) has been given a consensus recommendation of “Hold” by the six research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $24.50.

A number of analysts recently commented on GLT shares. BidaskClub downgraded shares of Glatfelter from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Zacks Investment Research downgraded shares of Glatfelter from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Finally, ValuEngine downgraded shares of Glatfelter from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th.

In other Glatfelter news, EVP John P. Jacunski sold 6,674 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $20.85, for a total value of $139,152.90. Following the sale, the executive vice president now owns 57,464 shares of the company’s stock, valued at $1,198,124.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Montreal Can lifted its holdings in shares of Glatfelter by 73.5% in the second quarter. Bank of Montreal Can now owns 5,607 shares of the basic materials company’s stock valued at $110,000 after purchasing an additional 2,376 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Glatfelter by 10.3% in the second quarter. Public Employees Retirement System of Ohio now owns 6,828 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 638 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Glatfelter by 78.7% in the second quarter. State of Alaska Department of Revenue now owns 8,597 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 3,787 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Glatfelter in the third quarter valued at about $178,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Glatfelter in the third quarter valued at about $298,000. 91.03% of the stock is currently owned by institutional investors.

Shares of Glatfelter (NYSE GLT) opened at $20.69 on Friday. The company has a market cap of $897.46, a PE ratio of 16.90, a P/E/G ratio of 3.68 and a beta of 1.38. Glatfelter has a fifty-two week low of $16.53 and a fifty-two week high of $25.59. The company has a current ratio of 1.70, a quick ratio of 0.94 and a debt-to-equity ratio of 0.65.

Glatfelter (NYSE:GLT) last released its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. The firm had revenue of $413.00 million for the quarter, compared to the consensus estimate of $402.74 million. Glatfelter had a net margin of 0.11% and a return on equity of 7.96%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. analysts forecast that Glatfelter will post 1.13 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Glatfelter (GLT) Receives Average Recommendation of “Hold” from Analysts” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/12/03/glatfelter-glt-receives-average-recommendation-of-hold-from-analysts.html.

About 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.

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

Leave a Reply