Research Analysts’ Recent Ratings Changes for Minerals Technologies (MTX)

A number of research firms have changed their ratings and price targets for Minerals Technologies (NYSE: MTX):

  • 5/15/2019 – Minerals Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Minerals Technologies Inc. is a resource- and technology-based company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. The Company has five reportable segments: Specialty Minerals, Refractories, Performance Materials, Construction Technologies and Energy Services. “
  • 5/9/2019 – Minerals Technologies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Minerals Technologies Inc. is a resource- and technology-based company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. The Company has five reportable segments: Specialty Minerals, Refractories, Performance Materials, Construction Technologies and Energy Services. “
  • 5/1/2019 – Minerals Technologies was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $65.00 price target on the stock.
  • 4/25/2019 – Minerals Technologies was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 4/2/2019 – Minerals Technologies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Minerals Technologies Inc. is a resource- and technology-based company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. The Company has five reportable segments: Specialty Minerals, Refractories, Performance Materials, Construction Technologies and Energy Services. “
  • 3/28/2019 – Minerals Technologies had its “buy” rating reaffirmed by analysts at Gabelli.
  • 3/22/2019 – Minerals Technologies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Minerals Technologies Inc. is a resource- and technology-based company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. The Company has five reportable segments: Specialty Minerals, Refractories, Performance Materials, Construction Technologies and Energy Services. “

Minerals Technologies stock traded down $0.15 during trading hours on Thursday, hitting $57.69. The stock had a trading volume of 7,115 shares, compared to its average volume of 132,754. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.66 and a current ratio of 2.31. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 1.64 and a beta of 1.92. Minerals Technologies Inc has a 1-year low of $47.07 and a 1-year high of $80.80.

Minerals Technologies (NYSE:MTX) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $1.11 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.11. The company had revenue of $437.70 million for the quarter, compared to analyst estimates of $447.65 million. Minerals Technologies had a return on equity of 12.52% and a net margin of 9.37%. Minerals Technologies’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 earnings per share. As a group, sell-side analysts forecast that Minerals Technologies Inc will post 4.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Wednesday, May 29th. Minerals Technologies’s dividend payout ratio (DPR) is 4.13%.

Institutional investors have recently bought and sold shares of the business. Quantamental Technologies LLC acquired a new stake in shares of Minerals Technologies during the fourth quarter valued at $87,000. Starr International Co. Inc. acquired a new stake in shares of Minerals Technologies during the first quarter valued at $147,000. Valley National Advisers Inc. boosted its stake in shares of Minerals Technologies by 19.9% during the first quarter. Valley National Advisers Inc. now owns 3,292 shares of the basic materials company’s stock valued at $194,000 after acquiring an additional 546 shares during the last quarter. Magnus Financial Group LLC acquired a new stake in shares of Minerals Technologies during the first quarter valued at $205,000. Finally, Rowland & Co. Investment Counsel ADV boosted its stake in shares of Minerals Technologies by 7.1% during the fourth quarter. Rowland & Co. Investment Counsel ADV now owns 4,015 shares of the basic materials company’s stock valued at $206,000 after acquiring an additional 265 shares during the last quarter. 94.92% of the stock is currently owned by institutional investors.

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.

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