MTX Price Prediction Next Week
Analysis and Insights
To predict the stock price of Minerals Technologies (MTX) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
MTX's stock price has been under pressure, with the Relative Strength Index (RSI) dropping to 29.4, indicating oversold conditions. This suggests a potential buying opportunity as the stock may rebound from its current lows.
News Sentiment and Fundamental Analysis:
- Analyst Rating Update: Truist analyst Peter Osterland lowered the price target to $101 from $103 but maintained a Buy rating, citing a slow start to Q1 but improving order patterns and shipments.
- Oversold Status: MTX entered oversold territory with an RSI of 29.4, indicating potential buying opportunities.
- Financial Performance: MTX reported record earnings for 2024 with $2.1 billion in sales and a 15% operating margin. The company is focusing on consumer-oriented markets and expanding in areas like pet care and renewable fuels.
Price Prediction and Recommendation:
Based on the oversold condition and potential rebound, the stock price is expected to rise to $68.50 in the next trading week. However, due to the overall bearish trend and market uncertainties, it is recommended to sell or avoid taking long positions at this time.
MTX Similar Chart Price Prediction
The price of MTX is predicted to go up 6.26%, based on the high correlation periods with SBGI. The similarity of these two price pattern on the periods is 98.81%.
MTX
SBGI
Up: 6.26%Similarity: 98.81%
MTX Revenue Forecast
MTX EPS Forecast
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MTX Analyst's Forecast
Michael Harrison
Seaport Global
Strong Buy
2025-03-05
Price Target
$97 → $92
Upside
+35.83%
Seaport Research lowered the firm's price target on Minerals Technologies to $92 from $97 and keeps a Buy rating on the shares. Given heightened uncertainty around macro growth driven by trade policy, the firm suspects estimates on most companies need to come lower as the slow start to 2025 could worsen as a result of tariffs impacting demand. However, the firm adds that its concerns relate more to the impact on the global macro environment than to the direct impact of tariffs on input costs, which it thinks specialty chemical companies can manage through pricing and procurement.
Michael Harrison
Seaport Global
Strong Buy
2024-10-28
Price Target
$100 → $97
Upside
+27.56%
