Media stories about Meritor (NYSE:MTOR) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. 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 coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news articles about the auto parts company an impact score of 45.7476385089149 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Meritor (MTOR) traded up 2.53% during trading on Friday, hitting $19.04. The company’s stock had a trading volume of 624,849 shares. The company has a 50-day moving average of $17.86 and a 200 day moving average of $16.72. The firm has a market cap of $1.69 billion, a PE ratio of 3.09 and a beta of 2.22. Meritor has a one year low of $9.84 and a one year high of $19.61.
Meritor (NYSE:MTOR) last announced its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.20. The firm had revenue of $920 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $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 equities analysts have weighed in on MTOR shares. Zacks Investment Research lowered Meritor from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. Royal Bank Of Canada started coverage on Meritor in a research note on Monday, May 15th. They set an “outperform” rating and a $22.00 price objective for the company. ValuEngine upgraded Meritor from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub upgraded Meritor from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Finally, Stifel Nicolaus set a $25.00 price objective on Meritor and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $19.57.
In related news, SVP Robert H. Speed sold 4,192 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $19.23, for a total value of $80,612.16. Following the completion of the sale, the senior vice president now owns 30,000 shares in the company, valued at $576,900. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.87% of the stock is owned by company insiders.
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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