Mativ (NYSE:MATV) Raised to "Strong-Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Mativ to “strong-buy” from “buy,” while Weiss Ratings improved its view from “sell (d-)” to “sell (d+).” Despite these changes, Mativ’s average analyst rating remains “Reduce,” based on one Hold and one Sell rating.
• Mativ reported quarterly EPS of $0.50, beating the $0.28 consensus estimate, while revenue of $531.8 million exceeded expectations of $508.5 million.
• Institutional investors and hedge funds own 94.95% of Mativ’s shares, with BlackRock, Bank of New York Mellon, Deutsche Bank and others establishing or adding positions during the second quarter.

Mativ (NYSE:MATV - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Monday.

Separately, Weiss Ratings raised Mativ from a "sell (d-)" rating to a "sell (d+)" rating in a report on Monday, May 11th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce".

Mativ Trading Down 0.4%

Shares of MATV stock opened at $12.84 on Monday. The company has a market capitalization of $707.58 million, a PE ratio of 8.12 and a beta of 0.87. The company has a quick ratio of 0.95, a current ratio of 1.98 and a debt-to-equity ratio of 2.09. Mativ has a 12-month low of $7.07 and a 12-month high of $15.48. The firm has a 50 day moving average price of $8.16 and a two-hundred day moving average price of $9.51.

Mativ (NYSE:MATV - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.22. The business had revenue of $531.80 million during the quarter, compared to the consensus estimate of $508.50 million. Mativ had a return on equity of 13.53% and a net margin of 4.50%. As a group, analysts predict that Mativ will post 0.97 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Mativ in the 2nd quarter valued at $46,992,000. Deutsche Bank AG bought a new stake in Mativ during the 2nd quarter worth $409,000. Bank of New York Mellon Corp bought a new stake in Mativ during the 2nd quarter worth $3,746,000. State of Wyoming acquired a new position in Mativ in the 2nd quarter worth about $227,000. Finally, GSA Capital Partners LLP acquired a new position in Mativ in the 2nd quarter worth about $78,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.

About Mativ

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.

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