Mativ (NYSE:MATV) Receives Sell (D-) Rating from Weiss Ratings

Key Points

• Mativ (NYSE:MATV) has received a sell (D-) rating by Weiss Ratings, indicating concerns about its stock performance.
• Despite the sell rating, other analysts like Zacks and Wall Street Zen have upgraded Mativ to "strong-buy" and "buy" ratings, reflecting mixed sentiments in the market.
• The company's recent earnings report showed positive results with an EPS of $0.33, exceeding expectations, and revenues of $525.4 million for the quarter.

Mativ (NYSE:MATV - Get Free Report)'s stock had its "sell (d-)" rating restated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently issued reports on the company. Zacks Research raised Mativ to a "strong-buy" rating in a report on Monday, August 11th. Wall Street Zen raised Mativ from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Mativ has an average rating of "Moderate Buy" and an average target price of $10.00.

Mativ Price Performance

NYSE:MATV opened at $10.68 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 2.37 and a debt-to-equity ratio of 2.65. The business's 50-day simple moving average is $11.14 and its two-hundred day simple moving average is $7.88. The stock has a market cap of $583.88 million, a PE ratio of -1.28 and a beta of 0.83. Mativ has a 52 week low of $4.34 and a 52 week high of $17.47.

Mativ (NYSE:MATV - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.15. The business had revenue of $525.40 million for the quarter, compared to analysts' expectations of $505.00 million. Mativ had a positive return on equity of 4.12% and a negative net margin of 23.09%. As a group, analysts forecast that Mativ will post 1.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Mativ

Several large investors have recently added to or reduced their stakes in MATV. GAMMA Investing LLC increased its stake in Mativ by 119.7% during the first quarter. GAMMA Investing LLC now owns 4,462 shares of the company's stock worth $28,000 after acquiring an additional 2,431 shares during the last quarter. CWM LLC increased its stake in Mativ by 707.7% during the first quarter. CWM LLC now owns 4,701 shares of the company's stock worth $29,000 after acquiring an additional 4,119 shares during the last quarter. US Bancorp DE increased its stake in Mativ by 204.2% during the first quarter. US Bancorp DE now owns 5,677 shares of the company's stock worth $35,000 after acquiring an additional 3,811 shares during the last quarter. QRG Capital Management Inc. bought a new stake in Mativ during the first quarter worth approximately $64,000. Finally, Public Employees Retirement System of Ohio increased its stake in Mativ by 186.1% during the second quarter. Public Employees Retirement System of Ohio now owns 9,448 shares of the company's stock worth $64,000 after acquiring an additional 6,146 shares during the last quarter. 94.95% of the stock is owned by institutional investors.

About Mativ

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.

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