Shares of Matthews International Corp (NASDAQ:MATW) have been given a consensus rating of “Hold” by the six research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $74.50.

Several equities research analysts have issued reports on MATW shares. BidaskClub raised shares of Matthews International from a “hold” rating to a “buy” rating in a research note on Tuesday, June 19th. TheStreet cut shares of Matthews International from a “b” rating to a “c+” rating in a research note on Monday, August 20th. ValuEngine cut shares of Matthews International from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 28th. Finally, Zacks Investment Research cut shares of Matthews International from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MATW. Toth Financial Advisory Corp boosted its position in shares of Matthews International by 797.6% in the second quarter. Toth Financial Advisory Corp now owns 2,962 shares of the company’s stock worth $174,000 after acquiring an additional 2,632 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Matthews International in the second quarter worth approximately $211,000. Emerald Advisers Inc. PA acquired a new stake in shares of Matthews International in the second quarter worth approximately $239,000. Koch Industries Inc. acquired a new stake in shares of Matthews International in the first quarter worth approximately $250,000. Finally, FDx Advisors Inc. acquired a new stake in shares of Matthews International in the second quarter worth approximately $257,000. 81.15% of the stock is currently owned by institutional investors and hedge funds.

Matthews International stock opened at $52.35 on Friday. Matthews International has a 12-month low of $47.70 and a 12-month high of $65.10. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 14.54 and a beta of 1.05. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.45 and a current ratio of 2.05.

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

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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