Minerals Technologies Inc. (MTX) Reaches $71.65 Formed H&S; Last Week The Interpublic Group of Companies, Inc. (IPG) Coverage

May 27, 2018 - By rebbecca

Minerals Technologies Inc. (NYSE:MTX) Logo

Minerals Technologies Inc. (MTX) formed H&S with $68.07 target or 5.00% below today’s $71.65 share price. Minerals Technologies Inc. (MTX) has $2.53B valuation. The stock decreased 0.21% or $0.15 during the last trading session, reaching $71.65. About 150,674 shares traded or 17.37% up from the average. Minerals Technologies Inc. (NYSE:MTX) has declined 11.28% since May 27, 2017 and is downtrending. It has underperformed by 22.83% the S&P500.

Among 17 analysts covering Interpublic Group of Companies (NYSE:IPG), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Interpublic Group of Companies had 54 analyst reports since September 7, 2015 according to SRatingsIntel. The rating was maintained by Telsey Advisory Group on Wednesday, July 26 with “Outperform”. The stock of The Interpublic Group of Companies, Inc. (NYSE:IPG) has “Equal-Weight” rating given on Thursday, January 5 by Morgan Stanley. As per Thursday, July 27, the company rating was downgraded by Atlantic Securities. Citigroup upgraded The Interpublic Group of Companies, Inc. (NYSE:IPG) on Wednesday, September 6 to “Buy” rating. The company was downgraded on Tuesday, February 20 by Pivotal Research. Jefferies downgraded the shares of IPG in report on Wednesday, December 13 to “Hold” rating. The company was maintained on Monday, October 17 by Pivotal Research. As per Wednesday, May 23, the company rating was maintained by Morgan Stanley. The company was initiated on Friday, October 7 by RBC Capital Markets. RBC Capital Markets maintained it with “Hold” rating and $24.0 target in Monday, August 28 report. See The Interpublic Group of Companies, Inc. (NYSE:IPG) latest ratings:

23/05/2018 Broker: Morgan Stanley Rating: Hold Maintain
02/03/2018 Broker: Atlantic Securities Old Rating: Underweight New Rating: Neutral Upgrade
20/02/2018 Broker: Pivotal Research Old Rating: Buy New Rating: Hold Downgrade
16/02/2018 Broker: Macquarie Research Old Rating: Underperform New Rating: Neutral Upgrade
14/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $26.0 Maintain
14/02/2018 Broker: Jefferies Rating: Hold New Target: $24.0 Maintain
14/02/2018 Broker: BMO Capital Markets Rating: Buy New Target: $27.0 Maintain
31/01/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $21 New Target: $23 Maintain
18/01/2018 Broker: Wells Fargo Rating: Hold New Target: $23.0 Downgrade
02/01/2018 Broker: Macquarie Research Old Rating: Neutral New Rating: Underperform Downgrade

Since February 7, 2018, it had 2 insider buys, and 0 selling transactions for $84,548 activity. 400 Minerals Technologies Inc. (NYSE:MTX) shares with value of $29,060 were bought by PITTMAN CAROLYN K. 800 shares were bought by Breunig Joseph C., worth $55,488 on Wednesday, February 7.

Investors sentiment increased to 1.44 in Q4 2017. Its up 0.20, from 1.24 in 2017Q3. It is positive, as 11 investors sold Minerals Technologies Inc. shares while 67 reduced holdings. 32 funds opened positions while 80 raised stakes. 32.61 million shares or 0.66% less from 32.83 million shares in 2017Q3 were reported. Capital Fund Mngmt stated it has 4,600 shares or 0% of all its holdings. 10,990 were accumulated by Cornercap Invest Counsel Inc. Ameriprise Finance Inc stated it has 538,432 shares or 0.02% of all its holdings. Snyder Capital Mgmt Limited Partnership reported 270,266 shares. Brinker owns 3,980 shares. Jacobs Levy Equity Inc holds 10,980 shares or 0.01% of its portfolio. 292,200 were accumulated by Skyline Asset Mngmt Lp. Public Employees Retirement Association Of Colorado reported 2,212 shares stake. Sei Invests stated it has 0.01% of its portfolio in Minerals Technologies Inc. (NYSE:MTX). Principal Fin Gru holds 163,159 shares or 0.01% of its portfolio. Rhumbline Advisers stated it has 77,586 shares. Lapides Asset Mgmt Ltd Liability Com holds 185,600 shares or 2.77% of its portfolio. Arizona State Retirement System stated it has 0.02% of its portfolio in Minerals Technologies Inc. (NYSE:MTX). Winslow Evans & Crocker has 0% invested in Minerals Technologies Inc. (NYSE:MTX). Swiss Financial Bank stated it has 0% in Minerals Technologies Inc. (NYSE:MTX).

Analysts await Minerals Technologies Inc. (NYSE:MTX) to report earnings on August, 2. They expect $1.25 earnings per share, up 1.63% or $0.02 from last year’s $1.23 per share. MTX’s profit will be $44.21 million for 14.33 P/E if the $1.25 EPS becomes a reality. After $1.13 actual earnings per share reported by Minerals Technologies Inc. for the previous quarter, Wall Street now forecasts 10.62% EPS growth.

Among 3 analysts covering Minerals Technologies (NYSE:MTX), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Minerals Technologies had 8 analyst reports since August 31, 2015 according to SRatingsIntel. As per Wednesday, September 6, the company rating was maintained by KeyBanc Capital Markets. On Tuesday, October 13 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. The rating was maintained by Wedbush with “Outperform” on Monday, August 31. The firm earned “Outperform” rating on Tuesday, December 29 by Wedbush. The firm has “Neutral” rating by JP Morgan given on Friday, December 2. The company was downgraded on Thursday, May 12 by Wedbush. The stock has “Overweight” rating by JP Morgan on Friday, March 24. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Monday, September 19 report.

The Interpublic Group of Companies, Inc. provides advertising and marketing services worldwide. The company has market cap of $8.88 billion. The firm operates through two divisions, Integrated Agency Networks and Constituency Management Group. It has a 15.77 P/E ratio. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.31, from 1.19 in 2017Q3. It worsened, as 75 investors sold The Interpublic Group of Companies, Inc. shares while 134 reduced holdings. 63 funds opened positions while 121 raised stakes. 377.99 million shares or 1.27% less from 382.86 million shares in 2017Q3 were reported. 54,131 are owned by Mason Street Advsr Limited Co. Btim stated it has 0.06% of its portfolio in The Interpublic Group of Companies, Inc. (NYSE:IPG). Lombard Odier Asset Mngmt (Switzerland) Sa reported 0.24% stake. Teachers Retirement Systems Of The State Of Kentucky accumulated 0.01% or 42,200 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh accumulated 18,834 shares. Cwm Limited Liability reported 0% in The Interpublic Group of Companies, Inc. (NYSE:IPG). Stone Ridge Asset Management Llc owns 48,256 shares. Suntrust Banks Inc has 0.01% invested in The Interpublic Group of Companies, Inc. (NYSE:IPG) for 127,305 shares. Moreover, Twin Tree Ltd Partnership has 0% invested in The Interpublic Group of Companies, Inc. (NYSE:IPG) for 18,069 shares. California Employees Retirement Sys owns 1.18M shares or 0.03% of their US portfolio. Parallax Volatility Advisers Lp reported 12,016 shares. Invesco Ltd invested in 0.02% or 2.88M shares. Northwestern Mutual Wealth Management accumulated 0% or 2,422 shares. Brandywine Inv Mgmt Ltd Liability Corporation stated it has 0.01% in The Interpublic Group of Companies, Inc. (NYSE:IPG). Tarbox Family Office holds 0% or 504 shares in its portfolio.

Another recent and important The Interpublic Group of Companies, Inc. (NYSE:IPG) news was published by Seekingalpha.com which published an article titled: “Interpublic Group of Companies’ (IPG) CEO Michael Roth on Q1 2018 Results – Earnings Call Transcript” on April 29, 2018.

The stock decreased 0.52% or $0.12 during the last trading session, reaching $23.02. About 1.98M shares traded. The Interpublic Group of Companies, Inc. (NYSE:IPG) has declined 5.37% since May 27, 2017 and is downtrending. It has underperformed by 16.92% the S&P500.

The Interpublic Group of Companies, Inc. (NYSE:IPG) Institutional Positions Chart