Truist Financial Lowers Price Target for Minerals Technologies

Equity research analysts at Truist Financial have revised their price target for Minerals Technologies (NYSE:MTX) from $103.00 to $101.00, as announced in a report published on Monday. This adjustment has come alongside a maintained "buy" rating on the company's stock. The new target price suggests a potential upside of approximately 36.63% from the stock's last closing price.

In a separate update, StockNews.com has upgraded its stance on Minerals Technologies from a "hold" rating to a "buy" rating as well.

Current Stock Performance

As of Monday, shares of Minerals Technologies opened at $73.92. Over the past year, the stock has experienced a low of $67.92 and a high of $90.29. The company's 50-day moving average stands at $76.79, while the 200-day moving average is at $76.69. Financially, the company boasts a market capitalization of $2.36 billion, a PE ratio of 14.27, and a debt-to-equity ratio of 0.51.

Recent Earnings Report

Minerals Technologies recently reported its quarterly earnings on February 6th. The company achieved earnings of $1.50 per share, exceeding the consensus estimate by $0.11. The company had a return on equity of 11.61% and a net margin of 7.89%. Analysts predict that Minerals Technologies will post earnings of $6.81 per share for the current fiscal year.

Hedge Fund Activity

Recent activity from institutional investors shows a growing interest in Minerals Technologies. State Street Corp increased its holdings by 2.6%, acquiring an additional 32,196 shares to total 1,268,792 shares. FMR LLC significantly raised its stake by 64.2% during the same period, securing a total of 1,234,719 shares. Geode Capital Management LLC also increased its stake by 3.8%. While several other funds made minor adjustments, it is reported that 97.29% of the stock is owned by institutional investors.

Company Overview

Minerals Technologies Inc. focuses on the development, production, and marketing of various mineral-based products and services. Its operations are divided into two main segments: Consumer & Specialties, and Engineered Solutions. The Consumer & Specialties segment includes household products, personal care items, and specialty additives, which play critical roles across various industries including paper production and food processing.

Investing Insights

Investors should consider various analyst ratings and market conditions before making investment decisions. Currently, while Minerals Technologies holds a "buy" rating, other analyst suggestions may provide additional opportunities for investment. MarketBeat has identified several stocks that may outperform Minerals Technologies in the current market.

Minerals, Analyst, Stock