Meritor (MTOR) Earning Positive Press Coverage, Study Shows
News headlines about Meritor (NYSE:MTOR) have trended positive on Monday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Meritor earned a news impact score of 0.26 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 44.9600511058298 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s scoring:
- Microsoft Corporation (NASDAQ:MSFT) Insider Sells $1980462.00 in Stock (iphonefresh.com)
- Horizon Global Corporation (HZN) versus Meritor (MTOR) Financial Survey (americanbankingnews.com)
- Meritor, Inc. (MTOR) Stock Rating Reaffirmed by KeyCorp (americanbankingnews.com)
- Twitter, Inc. (NYSE:TWTR) is Contrarius Investment Management Ltd’s 3rd Largest Position (currenthollywood.com)
- Meritor CEO and President Jay Craig and Kevin Nowlan, Senior Vice President and Chief Financial Officer, to Present at 2017 RBC Capital Markets Global Industrials Conference (finance.yahoo.com)
A number of research firms have recently weighed in on MTOR. BidaskClub upgraded shares of Meritor from a “sell” rating to a “hold” rating in a report 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 on the stock in a report on Tuesday, July 25th. UBS AG restated a “neutral” rating and issued a $19.00 target price (up from $18.00) on shares of Meritor in a report on Thursday, August 3rd. Stifel Nicolaus restated a “buy” rating and issued a $25.00 target price on shares of Meritor in a report on Tuesday, September 5th. Finally, ValuEngine upgraded shares of Meritor from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Three investment 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. Meritor currently has a consensus rating of “Buy” and an average target price of $21.71.
Shares of Meritor (NYSE:MTOR) traded up 3.78% during trading on Monday, reaching $21.43. 474,896 shares of the company traded hands. The stock has a market capitalization of $1.90 billion, a PE ratio of 3.48 and a beta of 2.21. The firm has a 50 day moving average of $18.73 and a 200 day moving average of $17.14. Meritor has a 52 week low of $9.84 and a 52 week high of $21.60.
Meritor (NYSE:MTOR) last issued its earnings results on Wednesday, August 2nd. The auto parts company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.20. Meritor had a net margin of 17.03% and a negative return on equity of 106.67%. The company had revenue of $920 million for the quarter, compared to the consensus estimate of $846.19 million. During the same period in the previous year, the firm earned $0.57 earnings per share. Meritor’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts predict that Meritor will post $1.69 EPS for the current year.
In other Meritor news, SVP Robert H. Speed sold 4,192 shares of Meritor stock in a transaction dated 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 of the company’s stock, valued at $576,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.87% of the stock is owned by insiders.
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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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