While Matthews International Corp has underperformed by -1.36%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MATW fell by -12.87%, with highs and lows ranging from $32.24 to $21.09, whereas the simple moving average jumped by 1.59% in the last 200 days.
On August 31, 2021, Sidoti started tracking Matthews International Corp (NASDAQ: MATW) recommending Buy. A report published by Wellington Shields on February 01, 2019, Downgraded its rating to ‘Hold’ for MATW. B. Riley FBR also reiterated MATW shares as ‘Buy’, quoting a target price of $80 on the company’s shares in a report dated November 19, 2018. Buckingham Research Initiated an Buy rating on October 02, 2018, and assigned a price target of $61. Wellington Shields March 01, 2018d its ‘Hold’ rating to ‘Gradually Accumulate’ for MATW, as published in its report on March 01, 2018. Wunderlich also rated the stock as ‘Buy’.
Analysis of Matthews International Corp (MATW)
Investors in Matthews International Corp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.73 per share. Further, the quarter-over-quarter decrease in sales is -6.97%, showing a negative trend in the upcoming months.
One of the most important indicators of Matthews International Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -12.39% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.91, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and MATW is recording 181.79K average volume. On a monthly basis, the volatility of the stock is set at 4.60%, whereas on a weekly basis, it is put at 5.47%, with a loss of -5.55% over the past seven days. Furthermore, long-term investors anticipate a median target price of $41.00, showing growth from the present price of $26.74, which can serve as yet another indication of whether MATW is worth investing in or should be passed over.
How Do You Analyze Matthews International Corp Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.79%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 81.35% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MATW shares are owned by institutional investors to the tune of 81.35% at present.
