Glatfelter Corporation (NYSE:GLT) shares traded -3.16% lower at $3.06 on Wall Street last session.
In accordance with the data, 1 analysts cover Glatfelter Corporation (NYSE:GLT). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $9.00 and a low of $9.00, we find $9.00. Given the previous closing price of $3.16, this indicates a potential upside of 184.81 percent. GLT stock price is now -17.21% away from the 50-day moving average and -32.96% away from the 200-day moving average. The market capitalization of the company currently stands at $150.80M.
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It has been rated a hold by 0 analysts and a buy by 1. Brokers who have rated the stock have averaged $9.00 as their price target over the next twelve months.
With the price target maintained at $17, BMO Capital Markets recently Upgraded its rating from Market Perform to Outperform for Glatfelter Corporation (NYSE: GLT). On April 20, 2021, BMO Capital Markets Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock reducing its target price from $21 to quote $19, while ‘Sidoti’ rates the stock as ‘Buy’.
In other news, ELDER DAVID C, Vice Pres, Finance and CAO bought 8,800 shares of the company’s stock on Feb 24. The stock was bought for $31,001 at an average price of $3.52. Upon completion of the transaction, the Vice Pres, Finance and CAO now directly owns 90,023 shares in the company, valued at $0.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 23, SVP, IGSC and IT Laures Wolfgang bought 277,000 shares of the business’s stock. A total of $1,030,994 was incurred on buying the stock at an average price of $3.72. This leaves the insider owning 316,568 shares of the company worth $0.97 million. Insiders disposed of 34,391 shares of company stock worth roughly $0.11 million over the past 1 year. A total of 2.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GLT stock. A new stake in Glatfelter Corporation shares was purchased by LITTLEJOHN & CO LLC during the first quarter worth $1,028,000. TEJARA CAPITAL LTD invested $1,002,000 in shares of GLT during the first quarter. In the first quarter, PRUDENTIAL FINANCIAL INC acquired a new stake in Glatfelter Corporation valued at approximately $700,000. PINZ CAPITAL MANAGEMENT, LP acquired a new stake in GLT for approximately $644,000. RENAISSANCE TECHNOLOGIES LLC purchased a new stake in GLT valued at around $430,000 in the second quarter. In total, there are 177 active investors with 87.80% ownership of the company’s stock.
Glatfelter Corporation (NYSE: GLT) opened at $3.2800 on Tuesday. During the past 12 months, Glatfelter Corporation has had a low of $2.08 and a high of $13.78. As of last week, the company has a debt-to-equity ratio of 2.66, a current ratio of 1.90, and a quick ratio of 1.00. The fifty day moving average price for GLT is $3.7012 and a two-hundred day moving average price translates $4.5364 for the stock.
According to the Paper & Paper Products Company, earnings per share came in at -$0.1, missing analysts’ expectations of -$0.04 by -0.06. This compares to $0.02 EPS in the same period last year. The net profit margin was -13.00% and return on equity was -53.80% for GLT. The company reported revenue of $373.9 million for the quarter, compared to $334.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.79 percent. For the current quarter, analysts expect GLT to generate $397M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/01/2022. Investors who held shares on 07/01/2022 were paid a $0.14 dividend. On an annualized basis, this represents a $0.56 dividend and a 18.30% percent yield. There was an ex-dividend date of 06/30/2022 for this dividend.
Glatfelter Corporation(GLT) Company Profile
Glatfelter Corporation, together with its subsidiaries, manufactures and sells engineered materials worldwide. It operates through three segments: Composite Fibers, Airlaid Materials, and Spunlace. The Composite Fibers segment offers food and beverage filtration materials for single-serve coffee and tea products; wallcover base materials for wallpaper manufacturers; metallized products that are used in labels, packaging liners, gift wraps, and other consumer product applications; composite laminates consisting of decorative laminates for use in furniture, household and commercial flooring, and other applications; and specialty engineered products, which are used in electrical energy storage, home, hygiene, and other engineered fiber-based applications. The Airlaid Materials segment supplies absorbent cellulose-based airlaid nonwoven materials that are used to manufacture consumer products, such as feminine hygiene and other hygiene products, specialty wipes, tabletop, adult incontinence, home care, and other consumer and industrial products. The Spunlace segment manufactures spunlace nonwovens for cleaning, high-performance materials, personal care, hygiene, and medical applications. The company was formerly known as P. H. Glatfelter Company. Glatfelter Corporation was founded in 1864 and is headquartered in Charlotte, North Carolina.
