Media headlines about Meritor (NYSE:MTOR) have been trending somewhat positive on Saturday, according to Accern. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Meritor earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the auto parts company an impact score of 45.9320449803486 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

Several equities analysts recently issued reports on MTOR shares. Zacks Investment Research cut Meritor from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. ValuEngine raised Meritor from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Royal Bank Of Canada started coverage on Meritor in a research report on Monday, May 15th. They issued an “outperform” rating and a $22.00 price objective on the stock. BidaskClub raised Meritor from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, Barclays PLC upped their price objective on Meritor from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, August 4th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $19.57.

Shares of Meritor (NYSE:MTOR) traded down 0.38% during midday trading on Friday, reaching $18.59. 1,080,553 shares of the company’s stock were exchanged. The firm has a market cap of $1.65 billion, a PE ratio of 3.02 and a beta of 2.22. The stock’s 50-day moving average is $17.51 and its 200 day moving average is $16.60. Meritor has a one year low of $9.84 and a one year high of $19.61.

Meritor (NYSE:MTOR) last posted its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.20. Meritor had a net margin of 17.03% and a negative return on equity of 106.67%. The business had revenue of $920 million during the quarter, compared to the consensus estimate of $846.19 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts anticipate that Meritor will post $1.69 EPS for the current year.

In other news, SVP Robert H. Speed sold 4,192 shares of Meritor stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $19.23, for a total transaction of $80,612.16. Following the completion of the sale, the senior vice president now directly owns 30,000 shares in the company, valued at $576,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.87% of the company’s stock.

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About Meritor

Meritor, Inc is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company’s segments include Commercial Truck & Industrial and Aftermarket & Trailer.

Insider Buying and Selling by Quarter for Meritor (NYSE:MTOR)

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