KeyBanc analyst Philip Gibbs maintained a Buy rating on Materion (MTRN – Research Report) today and set a price target of $157.00. The company’s shares closed yesterday at $137.46.
Gibbs covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Materion, and Reliance Steel. According to TipRanks, Gibbs has an average return of 21.0% and a 67.48% success rate on recommended stocks.
Materion has an analyst consensus of Moderate Buy, with a price target consensus of $157.00.
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MTRN market cap is currently $2.57B and has a P/E ratio of 27.34.
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Materion (MTRN) Company Description:
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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