P H Glatfelter (GLT) Upgraded by ValuEngine to “Buy”

P H Glatfelter (NYSE:GLT) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Thursday, September 13th.

A number of other research analysts also recently commented on the stock. Zacks Investment Research raised shares of P H Glatfelter from a “strong sell” rating to a “hold” rating in a research report on Monday, June 25th. BMO Capital Markets increased their target price on shares of P H Glatfelter from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, August 23rd. Finally, DA Davidson raised shares of P H Glatfelter from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. P H Glatfelter currently has a consensus rating of “Hold” and an average price target of $26.00.

P H Glatfelter stock traded down $0.21 during mid-day trading on Thursday, reaching $19.43. 383,701 shares of the company’s stock were exchanged, compared to its average volume of 211,118. P H Glatfelter has a twelve month low of $15.30 and a twelve month high of $23.85. The firm has a market cap of $836.62 million, a PE ratio of 16.75, a price-to-earnings-growth ratio of 4.63 and a beta of 1.18. The company has a quick ratio of 0.99, a current ratio of 1.79 and a debt-to-equity ratio of 0.74.

P H Glatfelter (NYSE:GLT) last announced its quarterly earnings data on Tuesday, July 31st. The basic materials company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.04). P H Glatfelter had a net margin of 0.02% and a return on equity of 5.83%. The firm had revenue of $405.80 million during the quarter, compared to analyst estimates of $418.73 million. During the same quarter in the previous year, the business posted ($0.06) earnings per share. P H Glatfelter’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that P H Glatfelter will post 0.82 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Engineers Gate Manager LP acquired a new stake in shares of P H Glatfelter in the second quarter valued at about $229,000. Mondrian Investment Partners LTD lifted its stake in shares of P H Glatfelter by 19.3% in the second quarter. Mondrian Investment Partners LTD now owns 230,228 shares of the basic materials company’s stock valued at $4,510,000 after purchasing an additional 37,309 shares during the period. Strs Ohio lifted its stake in shares of P H Glatfelter by 9.7% in the second quarter. Strs Ohio now owns 44,000 shares of the basic materials company’s stock valued at $861,000 after purchasing an additional 3,900 shares during the period. UBS Group AG lifted its stake in shares of P H Glatfelter by 182.5% in the first quarter. UBS Group AG now owns 8,192 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 5,292 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of P H Glatfelter by 12.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 543,660 shares of the basic materials company’s stock valued at $10,651,000 after purchasing an additional 61,095 shares during the period. 91.69% of the stock is currently owned by institutional investors and hedge funds.

About P H Glatfelter

P. H. Glatfelter Company, together with its subsidiaries, manufactures and sells specialty papers and engineered materials worldwide. The company's Composite Fibers business unit offers food and beverage filtration paper for single-serve coffee and tea products; wall covering base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wrap, and other consumer product applications; composite laminate papers for use in production of decorative laminates, furniture, and flooring applications; and special paper products, which are used in electrical energy storage, transport and transmission, wipes, and other engineered fiber-based applications.

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