Minerals Technologies Inc (NYSE:MTX) Receives Average Rating of “Buy” from Analysts

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Shares of Minerals Technologies Inc (NYSE:MTX) have been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Minerals Technologies’ rating score has declined by 100% in the last three months as a result of various analysts’ ratings changes.

Brokers have set a twelve-month consensus price objective of $64.50 for the company and are forecasting that the company will post $1.02 earnings per share for the current quarter, according to Zacks. Zacks has also given Minerals Technologies an industry rank of 192 out of 256 based on the ratings given to its competitors.

A number of analysts have recently issued reports on MTX shares. TheStreet downgraded shares of Urban Outfitters from a “b-” rating to a “c+” rating in a report on Thursday, May 30th. Gabelli restated a “buy” rating on shares of Minerals Technologies in a report on Thursday, March 28th. JPMorgan Chase & Co. cut their price target on shares of Whitbread from GBX 5,400 ($70.56) to GBX 5,100 ($66.64) and set an “overweight” rating for the company in a report on Wednesday, May 1st. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th.

MTX stock traded up $0.02 during mid-day trading on Monday, reaching $51.94. The company’s stock had a trading volume of 151,432 shares, compared to its average volume of 172,284. The stock has a market cap of $1.83 billion, a PE ratio of 10.73, a PEG ratio of 1.67 and a beta of 1.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.66 and a current ratio of 2.31. Minerals Technologies has a fifty-two week low of $47.07 and a fifty-two week high of $80.80. The company’s 50 day moving average price is $54.50.

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.11. The business had revenue of $437.70 million during the quarter, compared to the consensus estimate of $447.65 million. Minerals Technologies had a net margin of 9.37% and a return on equity of 12.52%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 EPS. On average, research analysts forecast that Minerals Technologies will post 4.71 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Comerica Bank lifted its position in shares of Minerals Technologies by 1.9% in the 4th quarter. Comerica Bank now owns 22,778 shares of the basic materials company’s stock worth $1,273,000 after buying an additional 415 shares during the last quarter. First Trust Advisors LP lifted its position in Minerals Technologies by 1.6% in the 4th quarter. First Trust Advisors LP now owns 32,000 shares of the basic materials company’s stock valued at $1,643,000 after purchasing an additional 493 shares during the last quarter. BlackRock Inc. lifted its position in Minerals Technologies by 3.8% in the 4th quarter. BlackRock Inc. now owns 4,122,961 shares of the basic materials company’s stock valued at $211,673,000 after purchasing an additional 152,414 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Minerals Technologies by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 454,170 shares of the basic materials company’s stock valued at $23,317,000 after purchasing an additional 14,804 shares during the last quarter. Finally, Texas Permanent School Fund lifted its position in Minerals Technologies by 3.9% in the 4th quarter. Texas Permanent School Fund now owns 23,074 shares of the basic materials company’s stock valued at $1,185,000 after purchasing an additional 860 shares during the last quarter. Hedge funds and other institutional investors own 94.49% of the company’s stock.

About Minerals Technologies

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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