Price Action to Note: How Analysts Feel About Minerals Technologies Inc After Making 52-Week High?

Price Action to Note: How Analysts Feel About Minerals Technologies Inc After Making 52 Week High?

The stock of Minerals Technologies Inc (NYSE:MTX) hit a new 52-week high and has $131.57 target or 69.00% above today’s $77.85 share price. The 6 months bullish chart indicates low risk for the $2.80B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $131.57 price target is reached, the company will be worth $1.93 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 72,439 shares traded hands. Minerals Technologies Inc (NYSE:MTX) has risen 27.50% since April 19, 2016 and is uptrending. It has outperformed by 23.64% the S&P500.

Minerals Technologies Inc (NYSE:MTX) Ratings Coverage

Out of 2 analysts covering Minerals Technologies (NYSE:MTX), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Minerals Technologies has been the topic of 5 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, December 29 by Wedbush. On Tuesday, October 13 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. Wedbush maintained Minerals Technologies Inc (NYSE:MTX) on Monday, August 31 with “Outperform” rating. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Monday, September 19 report. The company was downgraded on Thursday, May 12 by Wedbush.

According to Zacks Investment Research, “Minerals Technologies Inc. is a resource- and technology-based company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. The Company has five reportable segments: Specialty Minerals, Refractories, Performance Materials, Construction Technologies and Energy Services.”

Insitutional Activity: The institutional sentiment increased to 1.18 in 2016 Q2. Its up 0.03, from 1.15 in 2016Q1. The ratio improved, as 14 funds sold all Minerals Technologies Inc shares owned while 66 reduced positions. 19 funds bought stakes while 73 increased positions. They now own 32.85 million shares or 0.97% less from 33.17 million shares in 2016Q1.
The New York-based M&T Bancshares Corp has invested 0% in Minerals Technologies Inc (NYSE:MTX). Trillium Asset reported 166,832 shares or 0.63% of all its holdings. Price T Rowe Assoc Md has 0.04% invested in the company for 3.12 million shares. Registered Advisor last reported 6,585 shares in the company. Kcg Inc last reported 5,706 shares in the company. Clifford Swan Investment Counsel owns 15,130 shares or 0.06% of their US portfolio. Paradigm Asset Ltd Llc has 0% invested in the company for 1,700 shares. Fdx Advsrs Inc holds 0.03% or 12,055 shares in its portfolio. Oregon Employees Retirement Fund holds 11,554 shares or 0.01% of its portfolio. Btim accumulated 487,468 shares or 0.47% of the stock. Envestnet Asset Management owns 3,325 shares or 0% of their US portfolio. The Quebec – Canada-based Hexavest Inc has invested 0% in Minerals Technologies Inc (NYSE:MTX). Moreover, Metropolitan Life Ins has 0.02% invested in Minerals Technologies Inc (NYSE:MTX) for 55,996 shares. Geode Cap Management Ltd Liability Co holds 0.01% or 276,915 shares in its portfolio. Brandywine Global Invest Management has 0.05% invested in the company for 136,950 shares.

Insider Transactions: Since June 20, 2016, the stock had 0 insider buys, and 10 sales for $4.18 million net activity. $385,806 worth of shares were sold by Carpenter Patrick on Monday, August 22. $538,851 worth of Minerals Technologies Inc (NYSE:MTX) shares were sold by Hastings Jonathan J. $766,861 worth of shares were sold by DIETRICH DOUGLAS T on Tuesday, August 9. $360,637 worth of Minerals Technologies Inc (NYSE:MTX) shares were sold by HONEY RICK. $199,925 worth of Minerals Technologies Inc (NYSE:MTX) was sold by MAYGER DOUGLAS W. Shares for $260,225 were sold by CIPOLLA MICHAEL. MONAGLE DJ III had sold 7,929 shares worth $559,153.

Another recent and important Minerals Technologies Inc (NYSE:MTX) news was published by Nasdaq.com which published an article titled: “Minerals Technologies About To Put More Money In Your Pocket (MTX)” on November 21, 2016.

MTX Company Profile

Minerals Technologies Inc. is a resource- and technology firm that develops, produces and markets worldwide a broad range of specialty mineral, mineral and synthetic mineral products and related systems and services. The firm has five reportable divisions: Specialty Minerals, Refractories, Performance Materials, Construction Technologies and Energy Services.

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