Shares of Minerals Technologies Inc. (NYSE:MTX) have been given an average broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company. Minerals Technologies’ rating score has improved by 16.5% from three months ago as a result of a number of analysts’ ratings changes.
Analysts have set a twelve-month consensus price target of $77.00 for the company and are forecasting that the company will post $1.12 earnings per share for the current quarter, according to Zacks. Zacks has also given Minerals Technologies an industry rank of 120 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have weighed in on MTX shares. Zacks Investment Research upgraded shares of Minerals Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. ValuEngine upgraded shares of Minerals Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 22nd.
Several large investors have recently modified their holdings of MTX. Public Employees Retirement Association of Colorado acquired a new stake in shares of Minerals Technologies in the 4th quarter valued at $152,000. Global X Management Co. LLC boosted its stake in shares of Minerals Technologies by 75.9% in the 4th quarter. Global X Management Co. LLC now owns 2,434 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 1,050 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Minerals Technologies in the 3rd quarter valued at $218,000. Alambic Investment Management L.P. acquired a new stake in shares of Minerals Technologies in the 4th quarter valued at $262,000. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of Minerals Technologies in the 4th quarter valued at $280,000. Institutional investors own 96.01% of the company’s stock.
MTX stock traded up $0.15 on Thursday, reaching $70.00. 28,482 shares of the company were exchanged, compared to its average volume of 152,078. Minerals Technologies has a 12 month low of $62.55 and a 12 month high of $80.50. The firm has a market capitalization of $2,423.72, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 1.69 and a beta of 2.26. The company has a current ratio of 2.75, a quick ratio of 2.04 and a debt-to-equity ratio of 0.75.
Minerals Technologies (NYSE:MTX) last posted its quarterly earnings results on Thursday, February 1st. The basic materials company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. Minerals Technologies had a net margin of 11.64% and a return on equity of 13.89%. The firm had revenue of $432.10 million for the quarter, compared to the consensus estimate of $411.95 million. During the same quarter in the previous year, the company earned $1.08 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. equities research analysts anticipate that Minerals Technologies will post 4.95 EPS for the current fiscal year.
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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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