Mativ (NYSE:MATV) Rating Increased to Strong-Buy at Wall Street Zen

Mativ (NYSE:MATV) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Separately, Weiss Ratings raised Mativ from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Mativ Price Performance

NYSE MATV opened at $8.13 on Friday. Mativ has a 12 month low of $6.17 and a 12 month high of $15.48. The stock has a market cap of $448.40 million, a price-to-earnings ratio of 6.07 and a beta of 0.89. The company’s 50 day moving average is $7.99 and its two-hundred day moving average is $9.76. The company has a current ratio of 2.26, a quick ratio of 1.12 and a debt-to-equity ratio of 2.22.

Mativ (NYSE:MATV) last issued its earnings results on Wednesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $479.60 million for the quarter, compared to analysts’ expectations of $486.90 million. Mativ had a return on equity of 11.77% and a net margin of 3.86%. As a group, research analysts anticipate that Mativ will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MATV. Royal Bank of Canada lifted its stake in shares of Mativ by 31.3% during the 1st quarter. Royal Bank of Canada now owns 45,795 shares of the company’s stock worth $286,000 after purchasing an additional 10,927 shares during the last quarter. AQR Capital Management LLC grew its stake in Mativ by 119.8% in the first quarter. AQR Capital Management LLC now owns 167,517 shares of the company’s stock valued at $1,044,000 after purchasing an additional 91,301 shares during the last quarter. Millennium Management LLC raised its holdings in Mativ by 1,978.4% in the first quarter. Millennium Management LLC now owns 996,673 shares of the company’s stock worth $6,209,000 after purchasing an additional 948,720 shares in the last quarter. Empowered Funds LLC raised its holdings in Mativ by 6.0% in the first quarter. Empowered Funds LLC now owns 319,593 shares of the company’s stock worth $1,991,000 after purchasing an additional 18,161 shares in the last quarter. Finally, Creative Planning purchased a new stake in shares of Mativ during the second quarter valued at about $159,000. 94.95% of the stock is owned by institutional investors.

Mativ Company Profile

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.