Matthews International (NASDAQ:MATW) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday.

Several other equities analysts have also recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $92.00 price target on shares of Matthews International in a research report on Monday, November 20th. Zacks Investment Research raised shares of Matthews International from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $83.50.

Shares of Matthews International (MATW) traded down $0.80 during midday trading on Tuesday, reaching $53.25. 138,557 shares of the company traded hands, compared to its average volume of 95,074. Matthews International has a twelve month low of $52.85 and a twelve month high of $77.85. The company has a market cap of $1,740.00, a PE ratio of 15.04 and a beta of 1.07. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.49 and a current ratio of 2.09.

Matthews International (NASDAQ:MATW) last announced its quarterly earnings results on Thursday, November 16th. The company reported $1.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.03). Matthews International had a net margin of 4.83% and a return on equity of 15.77%. The business had revenue of $396.10 million during the quarter, compared to the consensus estimate of $389.67 million. During the same period in the previous year, the business posted $1.08 EPS. Matthews International’s revenue was up 5.1% compared to the same quarter last year. equities analysts predict that Matthews International will post 3.83 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Pinebridge Investments L.P. increased its stake in Matthews International by 0.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,242 shares of the company’s stock valued at $259,000 after buying an additional 35 shares during the last quarter. Amalgamated Bank increased its stake in Matthews International by 2.5% in the 2nd quarter. Amalgamated Bank now owns 4,334 shares of the company’s stock valued at $265,000 after buying an additional 107 shares during the last quarter. Texas Permanent School Fund increased its stake in Matthews International by 0.7% in the 2nd quarter. Texas Permanent School Fund now owns 23,509 shares of the company’s stock valued at $1,440,000 after buying an additional 158 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Matthews International by 3.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,610 shares of the company’s stock valued at $466,000 after buying an additional 270 shares during the last quarter. Finally, Raymond James Trust N.A. increased its stake in Matthews International by 7.8% in the 2nd quarter. Raymond James Trust N.A. now owns 5,413 shares of the company’s stock valued at $332,000 after buying an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 78.65% of the company’s stock.

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Matthews International Company Profile

Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The Company operates through three segments: SGK Brand Solutions, Memorialization and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery (consisting of brand management, printing plates and cylinders, pre-media services and imaging services for consumer packaged goods and retail customers, merchandising display systems, and marketing and design services).

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