Wall Street Zen Upgrades Minerals Technologies (NYSE:MTX) to “Strong-Buy”

Minerals Technologies (NYSE:MTX) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

Other research analysts have also issued reports about the company. Truist Financial increased their price objective on Minerals Technologies from $84.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Zacks Research upgraded shares of Minerals Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Minerals Technologies in a report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $89.00.

Minerals Technologies Trading Down 0.0%

MTX stock opened at $69.29 on Friday. Minerals Technologies has a 1-year low of $49.54 and a 1-year high of $75.29. The firm has a market cap of $2.15 billion, a P/E ratio of -135.86 and a beta of 1.19. The business’s 50 day moving average is $69.87 and its 200-day moving average is $63.94. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.55.

Minerals Technologies (NYSE:MTX) last posted its earnings results on Thursday, January 29th. The basic materials company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.01). The company had revenue of $519.50 million for the quarter, compared to the consensus estimate of $517.83 million. Minerals Technologies had a positive return on equity of 10.22% and a negative net margin of 0.89%.Minerals Technologies’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 EPS. Equities analysts anticipate that Minerals Technologies will post 6.62 earnings per share for the current fiscal year.

Institutional Trading of Minerals Technologies

Several large investors have recently made changes to their positions in the business. First Horizon Corp acquired a new stake in shares of Minerals Technologies in the third quarter valued at $35,000. EverSource Wealth Advisors LLC grew its holdings in Minerals Technologies by 626.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 596 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 514 shares during the last quarter. Torren Management LLC bought a new stake in Minerals Technologies during the 4th quarter worth about $50,000. Danske Bank A S acquired a new stake in Minerals Technologies in the 3rd quarter valued at about $56,000. Finally, Strs Ohio bought a new position in shares of Minerals Technologies in the first quarter worth about $70,000. Institutional investors own 97.29% of the company’s stock.

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces and processes a broad range of mineral-based products and solutions that serve a variety of industrial applications. Its offerings include bentonite, perlite, precipitated calcium carbonate (PCC), mineral sands, foundry additives, performance minerals and specialty chemicals designed to enhance performance in markets such as paper, steel, construction, oil and gas, environmental remediation and consumer products.

The company operates through several business segments, including Specialty Minerals, Refractory Minerals, Performance Materials and Recycled Materials.