Brokerages Set Metaldyne Performance Group Inc. (MPG) PT at $17.20
Shares of Metaldyne Performance Group Inc. (NYSE:MPG) have been given an average recommendation of “Hold” by the eight analysts that are presently covering the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$15.50.
MPG has been the topic of a number of analyst reports. Zacks Investment Research lowered Metaldyne Performance Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 27th. Barclays PLC reissued a “hold” rating and issued a $14.00 price target on shares of Metaldyne Performance Group in a research note on Tuesday. Finally, Deutsche Bank AG decreased their price target on Metaldyne Performance Group from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, August 5th.
Metaldyne Performance Group (NYSE:MPG) opened at 19.30 on Tuesday. Metaldyne Performance Group has a 12 month low of $10.87 and a 12 month high of $22.70. The stock’s 50 day moving average price is $16.32 and its 200-day moving average price is $15.82. The firm has a market capitalization of $1.29 billion, a P/E ratio of 13.46 and a beta of 1.74.
Metaldyne Performance Group (NYSE:MPG) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The business had revenue of $676 million for the quarter, compared to analyst estimates of $690.91 million. Metaldyne Performance Group had a return on equity of 17.24% and a net margin of 3.49%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. On average, analysts forecast that Metaldyne Performance Group will post $1.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 18th will be issued a $0.093 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 1.93%. Metaldyne Performance Group’s dividend payout ratio (DPR) is 25.69%.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Metaldyne Performance Group by 4.8% in the second quarter. Vanguard Group Inc. now owns 907,387 shares of the company’s stock worth $12,477,000 after buying an additional 41,602 shares during the period. Nationwide Fund Advisors increased its position in Metaldyne Performance Group by 2.6% in the second quarter. Nationwide Fund Advisors now owns 33,500 shares of the company’s stock worth $461,000 after buying an additional 858 shares during the period. Alambic Investment Management L.P. purchased a new position in Metaldyne Performance Group during the second quarter worth approximately $377,000. Pax World Management LLC increased its position in Metaldyne Performance Group by 64.4% in the second quarter. Pax World Management LLC now owns 536,295 shares of the company’s stock worth $7,374,000 after buying an additional 210,040 shares during the period. Finally, I.G. Investment Management LTD. increased its position in Metaldyne Performance Group by 2.0% in the second quarter. I.G. Investment Management LTD. now owns 51,623 shares of the company’s stock worth $710,000 after buying an additional 1,009 shares during the period. Institutional investors own 18.62% of the company’s stock.
Metaldyne Performance Group Company Profile
Metaldyne Performance Group Inc provides components for use in engine, transmission and driveline (Powertrain) and chassis, suspension, steering and brake component (Safety-Critical) Platforms for the global light, commercial and industrial vehicle markets. The Company produces these components using complex metal-forming manufacturing technologies and processes for a customer base of vehicle original equipment manufacturers (OEMs) and Tier I suppliers.
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