Zacks Research Upgrades Matthews International (NASDAQ:MATW) to Hold

Matthews International (NASDAQ:MATW) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Separately, Weiss Ratings raised Matthews International from a “sell (d)” rating to a “hold (c)” rating in a research note on Friday, February 6th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Matthews International Stock Up 1.1%

NASDAQ MATW opened at $25.88 on Monday. The stock has a fifty day moving average of $25.81 and a 200-day moving average of $25.36. The stock has a market capitalization of $805.64 million, a P/E ratio of 36.45 and a beta of 1.12. Matthews International has a 52 week low of $18.60 and a 52 week high of $29.11. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.91 and a current ratio of 1.51.

Matthews International (NASDAQ:MATW) last announced its quarterly earnings data on Wednesday, February 4th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.24). Matthews International had a return on equity of 5.95% and a net margin of 1.64%.The company had revenue of $284.76 million for the quarter, compared to analyst estimates of $282.50 million. On average, equities research analysts forecast that Matthews International will post 1.73 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MATW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Matthews International by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,686 shares of the company’s stock valued at $393,000 after acquiring an additional 780 shares during the period. Jane Street Group LLC acquired a new position in Matthews International in the first quarter valued at about $1,227,000. Intech Investment Management LLC grew its stake in Matthews International by 316.4% in the first quarter. Intech Investment Management LLC now owns 59,502 shares of the company’s stock valued at $1,323,000 after acquiring an additional 45,212 shares during the period. American Century Companies Inc. grew its stake in Matthews International by 7.9% in the second quarter. American Century Companies Inc. now owns 64,988 shares of the company’s stock valued at $1,554,000 after acquiring an additional 4,742 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Matthews International in the second quarter valued at about $1,406,000. 83.08% of the stock is owned by institutional investors and hedge funds.

Matthews International Company Profile

Matthews International Corporation (NASDAQ:MATW) is a diversified industrial company headquartered in Pittsburgh, Pennsylvania. The company operates through two primary business segments—Brand Solutions and Memorialization—offering a broad range of products and services designed to meet the needs of industrial manufacturers, brand marketers and the funeral industry worldwide.

In its Brand Solutions segment, Matthews International provides engraving and digital printing systems, automated finishing equipment, thermal management products and electronics assembly solutions.