Stock Rating Downgrade
The Value Trend Rating for Matthews International Corp (NASDAQ: MATW) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Matthews International Corp (NASDAQ: MATW) stock rose modestly by 0.6% on 12/15/23. The stock closed at $35.59. Moreover, exceptionally high trading volume at 560% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 3.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MATW is expected to continue to be a major Value Builder.
Matthews International has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Matthews International has a poor Appreciation Score of 26 but a neutral Power Rating of 55, with the Negative Value Trend Rating the result.
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