Stifel Nicolaus Upgrades Mativ (NYSE:MATV) to "Buy"

Mativ (NYSE:MATV - Get Free Report) was upgraded by research analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating in a research report issued on Monday, Marketbeat.com reports. The firm presently has a $10.00 price objective on the stock, down from their previous price objective of $15.50. Stifel Nicolaus' price objective indicates a potential upside of 56.13% from the stock's previous close.

Mativ Trading Down 2.8 %

MATV stock traded down $0.19 during midday trading on Monday, reaching $6.41. The company's stock had a trading volume of 910,922 shares, compared to its average volume of 539,705. Mativ has a 1 year low of $5.10 and a 1 year high of $19.96. The firm has a market capitalization of $349.19 million, a price-to-earnings ratio of -7.12, a PEG ratio of 1.08 and a beta of 0.72. The stock has a fifty day simple moving average of $7.83 and a two-hundred day simple moving average of $11.87. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.29 and a current ratio of 2.40.

Mativ (NYSE:MATV - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). The company had revenue of $458.60 million during the quarter, compared to analysts' expectations of $472.70 million. Mativ had a positive return on equity of 3.86% and a negative net margin of 2.46%. On average, equities research analysts predict that Mativ will post 1.15 EPS for the current year.

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Institutional Investors Weigh In On Mativ

A number of institutional investors and hedge funds have recently bought and sold shares of MATV. Federated Hermes Inc. purchased a new position in shares of Mativ during the fourth quarter valued at $33,000. Point72 DIFC Ltd bought a new position in Mativ during the 3rd quarter worth about $35,000. KBC Group NV increased its position in Mativ by 93.2% during the 4th quarter. KBC Group NV now owns 4,787 shares of the company's stock valued at $52,000 after purchasing an additional 2,309 shares during the period. Truvestments Capital LLC purchased a new position in Mativ during the 3rd quarter valued at about $82,000. Finally, Quantbot Technologies LP bought a new stake in shares of Mativ in the 4th quarter valued at about $122,000. 94.95% of the stock is owned by institutional investors.

About Mativ

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.