KeyBanc analyst Philip Gibbs maintained a Buy rating on Materion (NYSE:MTRN) Corp on Tuesday, setting a price target of $70, which is approximately 20.90% above the present share price of $57.9.
Gibbs expects Materion Corp to post earnings per share (EPS) of -$0.15 for the second quarter of 2020.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Materion, with an average price target of $58.
The analysts price targets range from a high of $58 to a low of $58.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $277.95 million and a net profit of $8.35 million. The company's market cap is $1.26 billion.
According to TipRanks.com, KeyBanc analyst Philip Gibbs is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -2.2% and a 44.79% success rate.
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.