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Home โบ Stocks โบ Magnera Corp. (GLT) Stock Forecast & Price Prediction United States | NYSE | Basic Materials | Paper & Paper Products
$10.62
-0.46 (-4.15%)Did GLT Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Glatfelter is one of their latest high-conviction picks.
GLT has shown a year-to-date change of -29.9% and a 1-year change of -21.9%, reflecting downward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for GLT. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for GLT.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Jul 26, 2021 | BMO Capital | Mark Wilde | Outperform | Upgrade | $17.00 |
| May 10, 2021 | BMO Capital | Mark Wilde | Market Perform | Maintains | $17.00 |
| Apr 20, 2021 | BMO Capital | Mark Wilde | Market Perform | Downgrade | $19.00 |
| Feb 13, 2019 | BMO Capital | Mark Wilde | Outperform | Maintains | $18.00 |
| Oct 10, 2018 | Sidoti & Co. | Buy | Maintains | $25.00 | |
| Aug 23, 2018 | BMO Capital | Mark Wilde | Outperform | Maintains | $26.00 |
| Jan 21, 2015 | Deutsche Bank | Hold | Downgrade | $27.00 | |
| Oct 30, 2013 | Deutsche Bank | Hold | Maintains | $28.00 | |
| Jul 30, 2013 | DA Davidson | Buy | Maintains | $34.00 | |
| May 1, 2013 | DA Davidson | Buy | Maintains | $30.00 | |
| Apr 11, 2013 | DA Davidson | Buy | Maintains | $28.00 | |
| Mar 27, 2013 | Deutsche Bank | Buy | Maintains | $26.00 | |
| Mar 14, 2013 | DA Davidson | Buy | Maintains | $25.00 | |
| Feb 8, 2013 | DA Davidson | Buy | Maintains | $23.00 |
The following stocks are similar to Glatfelter based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Magnera Corp. has a market capitalization of $36.83M with a P/E ratio of -0.5x. The company generates $1.39B in trailing twelve-month revenue with a 9.4% profit margin.
Revenue growth is +0.8% quarter-over-quarter, while maintaining an operating margin of -0.5% and return on equity of -30.8%.
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Produces high-performance glass and glazing systems.
The company generates revenue through the production and distribution of advanced glass solutions tailored for the architectural, automotive, and solar energy sectors. By focusing on energy efficiency and design aesthetics, Magnera Corp. meets the growing demand for innovative glazing technologies that comply with environmental standards.
Magnera Corp. emphasizes research and development to maintain its competitive edge in the glass technology industry. The company aims to contribute to sustainable building practices and reduce urban carbon footprints, reinforcing its reputation as a trusted global provider of glazing solutions.
Basic Materials
Paper & Paper Products
2,867
Mr. Thomas M. Fahnemann
United States
1984
Glatfelter Corporation has completed its merger with Berry Global's Health, Hygiene, and Specialties Nonwovens and Films business, forming Magnera, the largest global nonwovens company. Magnera will trade on NYSE as "MAGN" starting November 5, 2024.
The merger creates the largest nonwovens company, enhancing market position and growth potential, which could lead to increased investor interest and stock performance for Magnera.
The transaction closing and transition to Magnera is set for November 4th.
The upcoming transaction closing on November 4th indicates a significant operational shift that could impact company performance and stock valuation.
GLT reported a widened loss in Q3 due to increased input costs and market volatility, but growth in the Spunlace segment indicates some resilience in its strategy.
GLT's Q3 loss highlights rising costs and market volatility, affecting profitability. However, growth in the Spunlace segment suggests potential for future recovery and strategic resilience.
Berry Global Group will spin off its Health, Hygiene and Specialties Global Nonwovens and Films business, merging it with Glatfelter, which will become Magnera Corporation, on November 4, 2024.
The spin-off and merger are likely to affect Berry's stock value and Glatfelter's market position, impacting investor sentiment and potential returns. Adjustments like reverse splits can signal volatility.
Glatfelter announced a reverse stock split ratio and the anticipated effective date for the split. Details on the ratio and date were not specified in the excerpt.
A reverse stock split can impact share price and market perception, potentially affecting liquidity and attracting institutional investors. It signals company efforts to enhance shareholder value.
Glatfelter's shareholders have approved the merger with Berry Global's Health, Hygiene and Specialties Global Nonwovens and Films business.
The merger approval signals a strategic consolidation that could enhance Glatfelter's market position and operational efficiencies, potentially impacting stock performance and investor sentiment.
Analyst forecasts for Magnera Corp. (GLT) are not currently available. The stock is trading at $10.62.
According to current analyst ratings, GLT has 2 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $10.62. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for GLT are not currently available. The stock is trading at $10.62.
The company generates revenue through the production and distribution of advanced glass solutions tailored for the architectural, automotive, and solar energy sectors. By focusing on energy efficiency and design aesthetics, Magnera Corp. meets the growing demand for innovative glazing technologies that comply with environmental standards.
Price targets from Wall Street analysts for GLT are not currently available. The stock is trading at $10.62.
Price targets from Wall Street analysts for GLT are not currently available. The stock is trading at $10.62.
The overall analyst consensus for GLT is neutral. Out of 2 Wall Street analysts, 2 rate it as Buy, 2 as Hold, and 0 as Sell.
Stock price projections, including those for Magnera Corp., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.