Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Meritor (MTOR) Share Price
Press coverage about Meritor (NYSE:MTOR) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news 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 negative one to positive one, with scores nearest to one being the most favorable. Meritor earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the auto parts company an impact score of 45.2425849607934 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Meritor Launches Authorized Rebuilder Program for Axle Carriers – PR Newswire (press release) (prnewswire.com)
- Brokerages Anticipate Meritor Inc (MTOR) Will Post Quarterly Sales of $830.44 Million (americanbankingnews.com)
- Meritor Inc.: Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2018 First-Quarter Results (twst.com)
- Comparing Meritor (MTOR) & Fenix Parts (FENX) (americanbankingnews.com)
MTOR has been the subject of a number of analyst reports. Barclays set a $22.00 target price on shares of Meritor and gave the company a “hold” rating in a research report on Friday, October 20th. Royal Bank of Canada decreased their target price on shares of Meritor from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, November 16th. Zacks Investment Research cut shares of Meritor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Piper Jaffray Companies upgraded shares of Meritor from an “underweight” rating to an “overweight” rating and set a $30.00 target price for the company in a research note on Friday, December 8th. Finally, Longbow Research cut shares of Meritor from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Meritor currently has an average rating of “Buy” and an average price target of $26.14.
Shares of Meritor (NYSE MTOR) opened at $23.49 on Thursday. The stock has a market cap of $2,120.00, a P/E ratio of 6.45 and a beta of 2.29. The company has a current ratio of 1.10, a quick ratio of 0.78 and a debt-to-equity ratio of 2.55. Meritor has a 1-year low of $13.07 and a 1-year high of $27.96.
Meritor (NYSE:MTOR) last posted its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.47 by $0.15. Meritor had a net margin of 9.68% and a negative return on equity of 1,152.54%. The business had revenue of $922.00 million for the quarter, compared to the consensus estimate of $836.39 million. During the same period last year, the company earned $0.34 EPS. The firm’s revenue was up 26.6% compared to the same quarter last year. research analysts anticipate that Meritor will post 2.43 earnings per share for the current fiscal year.
In related news, SVP Chris Villavarayan sold 4,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $23.53, for a total transaction of $94,120.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey A. Craig sold 22,368 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $23.38, for a total transaction of $522,963.84. Following the transaction, the chief executive officer now owns 477,310 shares in the company, valued at approximately $11,159,507.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,290 shares of company stock worth $3,549,231. 2.32% of the stock is owned by corporate insiders.
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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