Mativ (NYSE:MATV) Raised to “Buy” at Stifel Nicolaus

Mativ (NYSE:MATV) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Monday,Benzinga reports. The firm currently has a $10.00 price target on the stock, down from their previous price target of $15.50. Stifel Nicolaus’ target price suggests a potential upside of 63.27% from the stock’s previous close.

Mativ Stock Down 2.0 %

MATV stock opened at $6.13 on Monday. The firm’s fifty day simple moving average is $8.15 and its 200-day simple moving average is $12.18. The company has a market capitalization of $333.92 million, a P/E ratio of -6.81, a price-to-earnings-growth ratio of 1.08 and a beta of 0.72. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.40 and a quick ratio of 1.29. Mativ has a 12 month low of $5.10 and a 12 month high of $19.96.

Mativ (NYSE:MATV) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). The business had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $472.70 million. Mativ had a negative net margin of 2.46% and a positive return on equity of 3.86%. As a group, equities research analysts forecast that Mativ will post 1.15 earnings per share for the current year.

Institutional Trading of Mativ

A number of hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Mativ by 0.5% during the third quarter. State Street Corp now owns 2,094,310 shares of the company’s stock worth $35,582,000 after buying an additional 9,561 shares in the last quarter. American Century Companies Inc. boosted its holdings in Mativ by 20.2% during the fourth quarter. American Century Companies Inc. now owns 1,507,418 shares of the company’s stock worth $16,431,000 after buying an additional 253,365 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Mativ by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 1,247,900 shares of the company’s stock worth $13,606,000 after buying an additional 4,386 shares in the last quarter. Royce & Associates LP raised its position in Mativ by 26.1% during the fourth quarter. Royce & Associates LP now owns 1,090,774 shares of the company’s stock worth $11,889,000 after acquiring an additional 226,090 shares during the period. Finally, Invesco Ltd. grew its position in shares of Mativ by 62.8% in the fourth quarter. Invesco Ltd. now owns 943,771 shares of the company’s stock valued at $10,287,000 after purchasing an additional 364,117 shares during the period. 94.95% of the stock is owned by hedge funds and other institutional investors.

Mativ Company Profile

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.