KeyBanc analyst Philip Gibbs maintained a Buy rating on Materion (MTRN – Research Report) today and set a price target of $131.00. The company’s shares closed yesterday at $118.11.
According to TipRanks, Gibbs is a 5-star analyst with an average return of 18.6% and a 63.35% success rate. Gibbs covers the Basic Materials sector, focusing on stocks such as Reliance Steel, Allegheny Technologies, and Commercial Metals Company.
Materion has an analyst consensus of Moderate Buy, with a price target consensus of $128.50.
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The company has a one-year high of $121.29 and a one-year low of $64.72. Currently, Materion has an average volume of 122.5K.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MTRN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Materion Corp. engages in the production of engineered materials used in a variety of electrical, electronic, thermal, and structural applications. The company operates through the following segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings and Other. The Performance Alloys and Composites segment produces strip and bulk form alloy products, strip metal products with clad inlay and overlay metals, beryllium-based metals, beryllium, and aluminum metal matrix composites, in rod, sheet, foil, and a variety of customized forms, beryllium ceramics, and bulk metallic glass material. The Advanced Materials segment provides advanced chemicals, microelectronics packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, high temperature braze materials and ultra-fine wire. The Precision Coatings segment includes precision optics and large area coatings which produces sputter-coated precision thin film coatings and optical filter materials. The Other segment includes unallocated corporate costs and assets. The company was founded in 1931 and is headquartered in Mayfield Heights, OH.
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