P.H. Glatfelter Co. (GLT) Stock Rating Upgraded by TheStreet
P.H. Glatfelter Co. (NYSE:GLT) was upgraded by equities research analysts at TheStreet from a “hold” rating to a “buy” rating in a report released on Tuesday.
Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of P.H. Glatfelter from a “hold” rating to a “strong sell” rating in a report on Friday, November 4th. BMO Capital Markets upgraded shares of P.H. Glatfelter from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $22.00 to $23.00 in a report on Wednesday, November 2nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. P.H. Glatfelter presently has an average rating of “Hold” and a consensus target price of $24.33.
Shares of P.H. Glatfelter (NYSE:GLT) opened at 22.97 on Tuesday. The firm has a market cap of $1.00 billion, a PE ratio of 14.01 and a beta of 1.34. P.H. Glatfelter has a 12 month low of $14.09 and a 12 month high of $23.90. The company’s 50 day moving average is $21.43 and its 200-day moving average is $21.13.
P.H. Glatfelter (NYSE:GLT) last issued its earnings results on Tuesday, November 1st. The company reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.01. The firm had revenue of $405.30 million for the quarter, compared to analyst estimates of $426.09 million. P.H. Glatfelter had a return on equity of 9.69% and a net margin of 4.42%. P.H. Glatfelter’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. Equities research analysts predict that P.H. Glatfelter will post $1.41 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Monday, October 3rd were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $0.50 annualized dividend and a dividend yield of 2.18%. P.H. Glatfelter’s dividend payout ratio (DPR) is presently 30.68%.
Institutional investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan increased its position in P.H. Glatfelter by 0.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 17,280 shares of the company’s stock valued at $374,000 after buying an additional 160 shares during the period. PineBridge Investments L.P. increased its position in P.H. Glatfelter by 3.9% in the second quarter. PineBridge Investments L.P. now owns 5,517 shares of the company’s stock valued at $108,000 after buying an additional 208 shares during the period. Anchor Capital Advisors LLC increased its position in P.H. Glatfelter by 0.7% in the second quarter. Anchor Capital Advisors LLC now owns 29,703 shares of the company’s stock valued at $581,000 after buying an additional 216 shares during the period. Genesee Valley Trust Co. increased its position in P.H. Glatfelter by 2.1% in the second quarter. Genesee Valley Trust Co. now owns 11,106 shares of the company’s stock valued at $217,000 after buying an additional 230 shares during the period. Finally, Arizona State Retirement System increased its position in P.H. Glatfelter by 1.3% in the second quarter. Arizona State Retirement System now owns 22,591 shares of the company’s stock valued at $442,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 88.42% of the company’s stock.
P.H. Glatfelter Company Profile
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