BidaskClub lowered shares of Matthews International (NASDAQ:MATW) from a sell rating to a strong sell rating in a research report report published on Thursday morning.

Several other brokerages have also recently weighed in on MATW. ValuEngine upgraded Matthews International from a sell rating to a hold rating in a report on Monday, July 16th. Zacks Investment Research cut Matthews International from a buy rating to a hold rating in a research note on Thursday, June 28th. Finally, TheStreet cut Matthews International from a b rating to a c+ rating in a research note on Monday, August 20th. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. Matthews International currently has a consensus rating of Hold and a consensus price target of $74.50.

Shares of MATW stock traded up $0.40 during mid-day trading on Thursday, hitting $52.85. The stock had a trading volume of 794 shares, compared to its average volume of 67,043. Matthews International has a 12-month low of $47.70 and a 12-month high of $65.10. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 14.64 and a beta of 1.05. The company has a current ratio of 2.05, a quick ratio of 1.45 and a debt-to-equity ratio of 1.20.

Matthews International (NASDAQ:MATW) last issued its earnings results on Thursday, July 26th. The company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.02. Matthews International had a return on equity of 14.70% and a net margin of 6.12%. The business had revenue of $411.62 million during the quarter, compared to analysts’ expectations of $421.59 million. During the same period in the prior year, the business earned $1.05 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. research analysts predict that Matthews International will post 3.9 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of MATW. Toth Financial Advisory Corp lifted its stake in shares of Matthews International by 797.6% during the 2nd quarter. Toth Financial Advisory Corp now owns 2,962 shares of the company’s stock worth $174,000 after purchasing an additional 2,632 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Matthews International during the 2nd quarter worth $211,000. Emerald Advisers Inc. PA purchased a new stake in shares of Matthews International during the 2nd quarter worth $239,000. Koch Industries Inc. purchased a new stake in shares of Matthews International during the 1st quarter worth $250,000. Finally, FDx Advisors Inc. purchased a new stake in shares of Matthews International during the 2nd quarter worth $257,000. Hedge funds and other institutional investors own 81.15% of the company’s stock.

About Matthews International

Matthews International Corporation provides brand solutions, memorialization products, and industrial products in the United States, Central and South America, Canada, Europe, Australia, and Asia. It operates through three segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment, delivery, brand management, 3-D graphics renderings, pre-media graphics services, printing plates, gravure cylinders, steel bases, embossing tools, special purpose machinery, engineering assistance, print process assistance, print production management, digital asset management, content management, and package design services to brand owners and packaging manufacturers; and creative digital graphics services, as well as designs, engineers, manufactures, and executes merchandising and display systems.

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