Minerals Technologies Inc (NYSE:MTX) has earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Analysts have set a one year consensus price target of $66.00 for the company and are predicting that the company will post $1.12 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Minerals Technologies an industry rank of 209 out of 255 based on the ratings given to related companies.
Several brokerages have recently issued reports on MTX. Gabelli reissued a “buy” rating on shares of Minerals Technologies in a report on Thursday, March 28th. Zacks Investment Research cut Minerals Technologies from a “hold” rating to a “sell” rating in a report on Friday, March 22nd.
Institutional investors have recently made changes to their positions in the stock. First Citizens Bank & Trust Co. purchased a new stake in Minerals Technologies during the 1st quarter worth approximately $416,000. Denali Advisors LLC purchased a new stake in Minerals Technologies during the 1st quarter worth approximately $268,000. Chartwell Investment Partners LLC increased its stake in Minerals Technologies by 28.7% during the 1st quarter. Chartwell Investment Partners LLC now owns 268,534 shares of the basic materials company’s stock worth $15,787,000 after buying an additional 59,960 shares in the last quarter. Deutsche Bank AG increased its stake in Minerals Technologies by 1.7% during the 4th quarter. Deutsche Bank AG now owns 111,641 shares of the basic materials company’s stock worth $5,728,000 after buying an additional 1,827 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Minerals Technologies by 9.0% during the 4th quarter. American Century Companies Inc. now owns 609,707 shares of the basic materials company’s stock worth $31,302,000 after buying an additional 50,437 shares in the last quarter. Hedge funds and other institutional investors own 95.42% of the company’s stock.
Shares of MTX stock traded up $0.75 on Tuesday, hitting $62.47. The company had a trading volume of 100,420 shares, compared to its average volume of 129,412. The stock has a market cap of $2.17 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 1.42 and a beta of 1.92. The company has a quick ratio of 1.67, a current ratio of 2.29 and a debt-to-equity ratio of 0.66. Minerals Technologies has a twelve month low of $47.07 and a twelve month high of $80.80.
Minerals Technologies (NYSE:MTX) last issued its quarterly earnings data on Thursday, January 31st. The basic materials company reported $1.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.17. The business had revenue of $447.50 million during the quarter, compared to analysts’ expectations of $452.04 million. Minerals Technologies had a return on equity of 12.82% and a net margin of 9.45%. Sell-side analysts anticipate that Minerals Technologies will post 5 earnings per share for the current fiscal year.
Minerals Technologies Company Profile
Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.
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