Meritor (MTOR) Getting Positive News Coverage, Analysis Shows
Media coverage about Meritor (NYSE:MTOR) has been trending positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Meritor earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave media coverage about the auto parts company an impact score of 44.8804685134964 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s analysis:
- Head-To-Head Comparison: Meritor (MTOR) & Dana (DAN) (americanbankingnews.com)
- Meritor : CEO and President Jay Craig and Kevin Nowlan, Senior Vice President and Chief Financial Officer, to Present at 2017 RBC Capital Markets… (4-traders.com)
- Meritor, Inc. (MTOR) Earns Equal Weight Rating from Barclays PLC (americanbankingnews.com)
- Meritor, Inc. (MTOR) Stock Rating Reaffirmed by Citigroup Inc. (americanbankingnews.com)
- J P Morgan Chase & Co Raises Meritor, Inc. (MTOR) Price Target to $21.50 (americanbankingnews.com)
Shares of Meritor (NYSE:MTOR) opened at 22.58 on Friday. The firm’s 50-day moving average is $19.31 and its 200 day moving average is $17.33. The firm has a market capitalization of $2.00 billion, a PE ratio of 3.66 and a beta of 2.21. Meritor has a 52 week low of $9.84 and a 52 week high of $22.90.
Meritor (NYSE:MTOR) last announced its quarterly earnings results on Wednesday, August 2nd. The auto parts company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.20. The company had revenue of $920.00 million for the quarter, compared to analyst estimates of $846.19 million. Meritor had a net margin of 17.03% and a negative return on equity of 106.67%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. On average, equities analysts forecast that Meritor will post $1.69 earnings per share for the current year.
A number of analysts recently commented on the stock. BidaskClub upgraded shares of Meritor from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research upgraded shares of Meritor from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, July 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $26.00 target price (up from $25.00) on shares of Meritor in a research note on Tuesday, September 12th. Barclays PLC reiterated an “equal weight” rating and issued a $21.00 target price (up from $17.00) on shares of Meritor in a research note on Tuesday, September 12th. Finally, UBS AG reiterated a “neutral” rating and issued a $19.00 target price (up from $18.00) on shares of Meritor in a research note on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.28.
In other news, SVP Robert H. Speed sold 4,192 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 30,000 shares in the company, valued at $576,900. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.87% of the company’s stock.
Meritor Company Profile
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.
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