P H Glatfelter (GLT) PT Lowered to $19.00

P H Glatfelter (NYSE:GLT) had its target price cut by investment analysts at DA Davidson to $19.00 in a research report issued on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. DA Davidson’s price objective would indicate a potential upside of 29.96% from the company’s current price. DA Davidson also issued estimates for P H Glatfelter’s Q4 2018 earnings at $0.04 EPS, FY2018 earnings at $0.13 EPS, Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.17 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.21 EPS and FY2019 earnings at $0.72 EPS.

Other research analysts have also recently issued reports about the stock. ValuEngine raised shares of P H Glatfelter from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Sidoti lifted their price target on shares of P H Glatfelter from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. BMO Capital Markets lifted their price target on shares of 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, Zacks Investment Research cut shares of P H Glatfelter from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 18th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. P H Glatfelter presently has an average rating of “Hold” and an average target price of $24.00.

Shares of NYSE GLT opened at $14.62 on Wednesday. P H Glatfelter has a 1 year low of $14.09 and a 1 year high of $23.85. The stock has a market cap of $631.73 million, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 3.30 and a beta of 1.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.79 and a quick ratio of 0.99.

A number of institutional investors have recently modified their holdings of GLT. US Bancorp DE raised its holdings in P H Glatfelter by 17,767.4% in the third quarter. US Bancorp DE now owns 7,683 shares of the basic materials company’s stock worth $147,000 after buying an additional 7,640 shares during the last quarter. UBS Group AG raised its holdings in 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. Piedmont Investment Advisors LLC purchased a new position in P H Glatfelter in the second quarter worth about $199,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in P H Glatfelter in the third quarter worth about $200,000. Finally, Engineers Gate Manager LP purchased a new position in P H Glatfelter in the second quarter worth about $229,000. 91.64% of the stock is owned by institutional investors and hedge funds.

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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