Minerals Technologies (NYSE:MTX) Stock Rating Lowered by ValuEngine

Minerals Technologies (NYSE:MTX) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Wednesday, ValuEngine reports.

A number of other brokerages have also weighed in on MTX. Hauck & Aufhaeuser restated a “neutral” rating and issued a $242.00 price objective on shares of Minerals Technologies in a report on Monday, October 28th. Morgan Stanley restated a “sell” rating and issued a $165.00 price objective on shares of Minerals Technologies in a report on Friday, October 18th. Zacks Investment Research lowered shares of Minerals Technologies from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Nord/LB restated a “neutral” rating and issued a $255.00 price objective on shares of Minerals Technologies in a report on Tuesday, October 29th. Finally, Berenberg Bank restated a “neutral” rating and issued a $245.00 price objective on shares of Minerals Technologies in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $233.67.

Shares of MTX traded up $0.22 during midday trading on Wednesday, reaching $53.85. The stock had a trading volume of 154,209 shares, compared to its average volume of 324,197. Minerals Technologies has a 1-year low of $45.26 and a 1-year high of $63.75. The company’s fifty day simple moving average is $52.33 and its two-hundred day simple moving average is $53.24. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 4.71 and a beta of 1.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.24 and a quick ratio of 1.62.

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. Minerals Technologies had a net margin of 8.16% and a return on equity of 11.08%. The business had revenue of $449.30 million for the quarter, compared to analyst estimates of $449.43 million. During the same period last year, the business earned $1.27 EPS. The company’s revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts forecast that Minerals Technologies will post 4.21 earnings per share for the current year.

In other Minerals Technologies news, SVP Thomas J. Meek sold 7,502 shares of Minerals Technologies stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $45.90, for a total transaction of $344,341.80. Following the completion of the transaction, the senior vice president now owns 65,752 shares in the company, valued at $3,018,016.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas T. Dietrich bought 1,500 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were acquired at an average price of $47.99 per share, with a total value of $71,985.00. Following the transaction, the chief executive officer now owns 71,841 shares of the company’s stock, valued at approximately $3,447,649.59. The disclosure for this purchase can be found here. 2.50% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in Minerals Technologies by 426,500.0% during the first quarter. FMR LLC now owns 8,532 shares of the basic materials company’s stock worth $501,000 after buying an additional 8,530 shares during the period. First Trust Advisors LP grew its stake in Minerals Technologies by 4.2% during the first quarter. First Trust Advisors LP now owns 33,348 shares of the basic materials company’s stock worth $1,961,000 after buying an additional 1,348 shares during the period. Denali Advisors LLC grew its stake in Minerals Technologies by 231.3% during the second quarter. Denali Advisors LLC now owns 15,100 shares of the basic materials company’s stock worth $808,000 after buying an additional 10,542 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Minerals Technologies during the second quarter worth approximately $417,000. Finally, Oregon Public Employees Retirement Fund grew its stake in Minerals Technologies by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 14,250 shares of the basic materials company’s stock worth $763,000 after buying an additional 201 shares during the period. Hedge funds and other institutional investors own 94.53% of the company’s stock.

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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Analyst Recommendations for Minerals Technologies (NYSE:MTX)

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