Mativ Holdings Inc (NYSE: MATV) has reported a loss for its second fiscal quarter (ending June 30) of $-0.03 versus a loss $-0.26 for the same period a year ago. Relative to the consensus estimate of $0.23, this was a shortfall of $-0.26. E.P.S. were $-9.29 for the latest four quarters through June 30 versus $-1.25 for the same period a year ago.
Recent Price Action
On 8/7/24, Mativ Holdings Inc (NYSE: MATV) stock declined modestly by -1.4%, closing at $14.38. Moreover, this decline was accompanied by unusually high trading volume at 192% of normal. The stock has declined -22.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MATV is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Mativ Holdings has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Mativ Holdings has a good Appreciation Score of 75 and a good Power Rating of 85, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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