B. Riley Analysts Give Matthews International (MATW) a $92.00 Price Target

Matthews International (NASDAQ:MATW) has been assigned a $92.00 price target by B. Riley in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the stock. B. Riley’s price target suggests a potential upside of 71.16% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. ValuEngine cut Matthews International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BidaskClub upgraded Matthews International from a “strong sell” rating to a “sell” rating in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $83.50.

Shares of Matthews International (MATW) traded up $0.20 during mid-day trading on Monday, hitting $53.75. The stock had a trading volume of 198,059 shares, compared to its average volume of 197,378. Matthews International has a twelve month low of $50.10 and a twelve month high of $72.60. The stock has a market capitalization of $1,729.21, a PE ratio of 17.51 and a beta of 1.11. The company has a current ratio of 2.10, a quick ratio of 1.48 and a debt-to-equity ratio of 1.20.

Matthews International (NASDAQ:MATW) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. Matthews International had a return on equity of 15.09% and a net margin of 6.46%. The business had revenue of $369.50 million during the quarter, compared to analysts’ expectations of $355.84 million. During the same quarter last year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. analysts forecast that Matthews International will post 3.89 EPS for the current year.

In other news, VP Robert M. Marsh purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was acquired at an average price of $55.50 per share, for a total transaction of $166,500.00. Following the completion of the transaction, the vice president now directly owns 16,207 shares in the company, valued at approximately $899,488.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Tunon Alvaro Garcia purchased 1,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was purchased at an average price of $52.00 per share, with a total value of $52,000.00. The disclosure for this purchase can be found here. Company insiders own 3.80% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Matthews International by 7.8% during the fourth quarter. BlackRock Inc. now owns 4,166,858 shares of the company’s stock valued at $220,010,000 after acquiring an additional 302,721 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Matthews International by 0.8% during the second quarter. Vanguard Group Inc. now owns 3,105,791 shares of the company’s stock valued at $190,229,000 after acquiring an additional 24,754 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Matthews International by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,263,962 shares of the company’s stock valued at $78,682,000 after acquiring an additional 6,103 shares during the last quarter. Clarkston Capital Partners LLC boosted its stake in shares of Matthews International by 2.2% during the fourth quarter. Clarkston Capital Partners LLC now owns 1,137,592 shares of the company’s stock valued at $60,065,000 after acquiring an additional 24,708 shares during the last quarter. Finally, Channing Capital Management LLC boosted its stake in shares of Matthews International by 12.7% during the third quarter. Channing Capital Management LLC now owns 885,504 shares of the company’s stock valued at $55,123,000 after acquiring an additional 99,837 shares during the last quarter. 77.61% of the stock is currently owned by institutional investors and hedge funds.

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About Matthews International

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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