B.Riley FBR analyst Liam Burke maintained a Buy rating on Matthews International (MATW) today and set a price target of $50.00. The company’s shares closed last Tuesday at $24.09.
According to TipRanks.com, Burke is a 1-star analyst with an average return of -3.0% and a 42.4% success rate. Burke covers the Industrial Goods sector, focusing on stocks such as LiqTech International, Koppers Holdings, and CUI Global.
Currently, the analyst consensus on Matthews International is a Moderate Buy with an average price target of $50.00.
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The company has a one-year high of $40.50 and a one-year low of $19.03. Currently, Matthews International has an average volume of 187.6K.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MATW in relation to earlier this year.
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Matthews International Corp. engages in the provision of brand solutions, memorialization products, and industrial products. It operates through the following segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. The SGK Brand Solutions segment includes brand development, deployment, and delivery. The Memorialization segment consists of bronze and granite memorials, and other memorialization products, caskets and cremation equipment primarily for the cemetery, and funeral hoe industries. The Industrial Technologies segment includes making and coding equipment and consumables, industrial automation products and order fulfillment systems for identifying, tracking, picking and conveying consumer, and industrial products. The company was founded by John Dixon Matthews in 1850 and is headquartered in Pittsburgh, PA.
