Mativ (NYSE:MATV) Upgraded at Stifel Nicolaus

Mativ (NYSE:MATV) was upgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued on Monday, MarketBeat.com reports. The firm currently has a $10.00 price target on the stock, down from their prior price target of $15.50. Stifel Nicolaus’ target price indicates a potential upside of 53.37% from the company’s current price.

Mativ Price Performance

Shares of Mativ stock opened at $6.52 on Monday. The stock has a market cap of $355.46 million, a P/E ratio of -7.24, a P/E/G ratio of 1.08 and a beta of 0.72. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.29 and a current ratio of 2.40. The stock’s fifty day moving average is $8.09 and its 200 day moving average is $12.10. Mativ has a one year low of $5.10 and a one year high of $19.96.

Mativ (NYSE:MATV) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. The company had revenue of $458.60 million during the quarter, compared to analysts’ expectations of $472.70 million. Sell-side analysts anticipate that Mativ will post 1.15 earnings per share for the current year.

Institutional Trading of Mativ

A number of hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Mativ by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,724 shares of the company’s stock valued at $335,000 after buying an additional 1,121 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in Mativ by 5.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 32,258 shares of the company’s stock valued at $352,000 after acquiring an additional 1,583 shares during the period. Rhumbline Advisers lifted its position in shares of Mativ by 1.0% in the fourth quarter. Rhumbline Advisers now owns 169,976 shares of the company’s stock valued at $1,853,000 after acquiring an additional 1,649 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Mativ by 5.7% in the fourth quarter. MetLife Investment Management LLC now owns 33,153 shares of the company’s stock worth $361,000 after acquiring an additional 1,779 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in shares of Mativ during the third quarter worth about $35,000. 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.