Materion Corp (NYSE:MTRN) has been given a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.
Brokers have set a twelve-month consensus price objective of $44.00 for the company and are expecting that the company will post $0.38 EPS for the current quarter, according to Zacks. Zacks has also given Materion an industry rank of 98 out of 265 based on the ratings given to related companies.
A number of analysts recently commented on the company. BidaskClub raised Materion from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. KeyCorp reaffirmed a “hold” rating on shares of Materion in a research report on Monday, November 13th. ValuEngine lowered Materion from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research raised Materion from a “hold” rating to a “strong-buy” rating and set a $56.00 target price for the company in a research report on Wednesday, December 27th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $36.00 target price on shares of Materion in a research report on Thursday, October 12th.
Several hedge funds have recently added to or reduced their stakes in MTRN. SG Americas Securities LLC bought a new position in shares of Materion in the third quarter valued at approximately $128,000. Victory Capital Management Inc. lifted its stake in Materion by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,458 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 669 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Materion by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 5,130 shares of the basic materials company’s stock valued at $193,000 after purchasing an additional 34 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Materion in the third quarter valued at approximately $205,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Materion in the third quarter valued at approximately $266,000. 89.99% of the stock is owned by institutional investors.
Shares of Materion (MTRN) remained flat at $$51.05 during trading hours on Tuesday. 116,407 shares of the stock traded hands, compared to its average volume of 122,603. The company has a market capitalization of $1,020.00, a price-to-earnings ratio of 39.27 and a beta of 1.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 3.42. Materion has a 1-year low of $31.05 and a 1-year high of $52.10.
Materion (NYSE:MTRN) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. Materion had a return on equity of 6.08% and a net margin of 2.48%. The company had revenue of $294.27 million for the quarter, compared to the consensus estimate of $290.96 million. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue was up 17.9% compared to the same quarter last year. equities analysts predict that Materion will post 1.6 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Analysts Set $44.00 Price Target for Materion Corp (MTRN)” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://stocknewstimes.com/2018/01/12/analysts-set-44-00-price-target-for-materion-corp-mtrn.html.
Materion Company Profile
Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Materion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materion and related companies with MarketBeat.com's FREE daily email newsletter.