P H Glatfelter (GLT) Lifted to Buy at ValuEngine

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ValuEngine upgraded shares of P H Glatfelter (NYSE:GLT) from a hold rating to a buy rating in a research note released on Thursday.

Other analysts have also recently issued research reports about the company. Zacks Investment Research raised P H Glatfelter from a strong sell rating to a hold rating in a research report on Monday, June 25th. BMO Capital Markets lifted their price objective on 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 P H Glatfelter from a neutral rating to a buy rating in a research report on Wednesday, June 20th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. P H Glatfelter currently has a consensus rating of Buy and a consensus price target of $26.00.

GLT opened at $19.63 on Thursday. The firm has a market cap of $842.75 million, a P/E ratio of 20.70, a PEG ratio of 4.67 and a beta of 1.19. P H Glatfelter has a 1 year low of $15.30 and a 1 year high of $23.85. 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 released its quarterly earnings data on Tuesday, July 31st. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). The firm had revenue of $405.80 million for the quarter, compared to analyst estimates of $418.73 million. P H Glatfelter had a net margin of 0.02% and a return on equity of 5.83%. P H Glatfelter’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) EPS. analysts predict that P H Glatfelter will post 0.82 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Interstate Bank boosted its position in P H Glatfelter by 29.8% during the second quarter. First Interstate Bank now owns 13,210 shares of the basic materials company’s stock valued at $259,000 after purchasing an additional 3,035 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in shares of P H Glatfelter by 6.8% in the first quarter. Great West Life Assurance Co. Can now owns 58,349 shares of the basic materials company’s stock worth $1,198,000 after buying an additional 3,727 shares during the last quarter. Strs Ohio lifted its position 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 worth $861,000 after buying an additional 3,900 shares during the last quarter. Legal & General Group Plc lifted its position in shares of P H Glatfelter by 5.6% in the second quarter. Legal & General Group Plc now owns 92,616 shares of the basic materials company’s stock worth $1,809,000 after buying an additional 4,878 shares during the last quarter. Finally, UBS Group AG lifted its position 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 worth $168,000 after buying an additional 5,292 shares during the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

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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