News headlines about Meritor (NYSE:MTOR) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public 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 0.14 on Accern’s scale. Accern also assigned media headlines about the auto parts company an impact score of 45.173957156884 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s rankings:
- ProTec Series 50 Beam Axles are equipped with non-vented drum brake. (news.thomasnet.com)
- Meritor, Inc. :MTOR-US: Earnings Analysis: Q3, 2017 By the Numbers : October 10, 2017 (finance.yahoo.com)
- Meritor® Launches 79000 Axle for Transit Bus Segment (finance.yahoo.com)
- Meritor® Launches ProTec Series 50 Beam Axles Optimized for Military Duty Cycles (finance.yahoo.com)
- Head to Head Comparison: Meritor (MTOR) vs. Delphi Automotive PLC (DLPH) (americanbankingnews.com)
A number of analysts recently weighed in on MTOR shares. KeyCorp reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Meritor in a report on Friday, September 8th. Buckingham Research started coverage on shares of Meritor in a report on Tuesday, September 5th. They issued a “buy” rating and a $25.00 price objective on the stock. Barclays PLC increased their price objective on shares of Meritor from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, August 4th. J P Morgan Chase & Co increased their price objective on shares of Meritor from $19.00 to $21.50 and gave the stock a “neutral” rating in a report on Tuesday, September 12th. Finally, BidaskClub raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a report on Friday, September 22nd. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.25.
Meritor (MTOR) opened at 26.24 on Wednesday. The stock’s 50 day moving average is $23.01 and its 200 day moving average is $18.52. Meritor has a 52-week low of $9.84 and a 52-week high of $27.03. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 4.26 and a beta of 2.30.
Meritor (NYSE:MTOR) last announced its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.20. The firm had revenue of $920.00 million during the quarter, compared to analysts’ expectations of $846.19 million. Meritor had a negative return on equity of 106.67% and a net margin of 17.03%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS. Equities research analysts forecast that Meritor will post $1.70 earnings per share for the current year.
In other Meritor news, SVP Robert H. Speed sold 4,192 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was 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 of the company’s stock, valued at approximately $576,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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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