Mativ (NYSE:MATV) Rating Lowered to Buy at Wall Street Zen

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

Separately, Weiss Ratings upgraded Mativ from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Mativ presently has a consensus rating of “Hold”.

Mativ Stock Performance

NYSE:MATV opened at $11.69 on Friday. The company has a 50-day moving average of $11.89 and a 200-day moving average of $10.29. The firm has a market cap of $644.35 million, a price-to-earnings ratio of 10.54 and a beta of 0.93. The company has a current ratio of 1.98, a quick ratio of 0.95 and a debt-to-equity ratio of 2.09. Mativ has a twelve month low of $7.07 and a twelve month high of $15.48.

Mativ (NYSE:MATV) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.25 by $0.06. Mativ had a return on equity of 13.53% and a net margin of 4.50%. The business had revenue of $499.50 million for the quarter, compared to the consensus estimate of $510.00 million. Analysts forecast that Mativ will post 0.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mativ

Several institutional investors and hedge funds have recently bought and sold shares of MATV. Russell Investments Group Ltd. lifted its position in Mativ by 34.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 584,090 shares of the company’s stock worth $6,770,000 after acquiring an additional 148,096 shares during the period. DBA Trading LLC acquired a new stake in shares of Mativ during the third quarter worth approximately $811,000. Ethic Inc. bought a new stake in shares of Mativ in the 3rd quarter valued at approximately $151,000. CenterBook Partners LP acquired a new position in Mativ in the third quarter valued at about $3,258,000. Finally, Vise Technologies Inc. bought a new stake in shares of Mativ during the third quarter worth approximately $187,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

Mativ Company Profile

Mativ Inc (NYSE: MATV) is a global manufacturer of specialty materials and engineered solutions. The company develops and produces materials used in filtration, healthcare, hygiene, food and beverage, industrial, packaging, and other specialized applications.

Its products include filtration media and components, engineered papers and nonwoven materials, release liners, protective and medical materials, and other performance-oriented substrates. Mativ’s solutions are designed to provide properties such as filtration, barrier protection, absorbency, strength, and durability for use in consumer and industrial products.

The company was formed in 2022 through the merger of Schweitzer-Mauduit International and Neenah, combining their specialty materials businesses.