Analyst Ratings for Matthews International Corp. Cl A (MATW)Updated: 2017-07-27
Shares of Matthews International Corp. Cl A (NASDAQ:MATW) have received a consensus rating of Overweight from Wall Street analysts. About 30 days ago, MATW was issued an average rating of Overweight.
2 analysts declared MATW a buy, 0 gave an overweight rating, 2 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
A number of analysts gave price targets for MATW. The highest price target was 92, which equates to a potential upside of 41.65 percent. The most pessimistic price target was 66, which equates to a potential downside of 1.62 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.82 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.68 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
MATW has an estimated earnings growth rate of 65.3 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. MATW has a PEG ratio of 0.45.
In the last 52-weeks, MATW has achieved a high of 77.85 and a low of 56.72. The current market price is above the trailing year's low by 14.51 percent, and below the high by 16.57 percent. MATW has a price/earnings ratio of 29.39. Investors typically compare the P/E ratio to a company's peers in the industry. The MATW value stock report compares MATW to some of its peers using value stock charts. The market cap of MATW is $2.11 billion. MATW is estimated to release their earnings results for the quarter on 0000-00-00, days from today.