News stories about Meritor (NYSE:MTOR) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Meritor earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news coverage about the auto parts company an impact score of 46.2438593369216 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Notable Thursday Option Activity: MTOR, UTX, DDS (nasdaq.com)
- Running Mover to Focus- Meritor, Inc. (MTOR) – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Active Stocks in the Spotlight: Meritor, Inc. (NYSE:MTOR), Ascena Retail Group Inc. (NASDAQ:ASNA) – The Oracle Examiner (oracleexaminer.com)
- Meritor Inc (MTOR) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
MTOR has been the subject of a number of research reports. Royal Bank of Canada reduced their price objective on 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 Meritor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Piper Jaffray Companies upgraded Meritor from an “underweight” rating to an “overweight” rating and set a $30.00 price target for the company in a research report on Friday, December 8th. ValuEngine upgraded Meritor from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Longbow Research upgraded Meritor from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Meritor presently has a consensus rating of “Buy” and a consensus price target of $28.95.
Meritor (NYSE:MTOR) last issued its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.16. The business had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $836.28 million. Meritor had a return on equity of 208.74% and a net margin of 7.69%. The business’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 earnings per share. sell-side analysts expect that Meritor will post 2.7 EPS for the current year.
In related news, SVP Chris Villavarayan sold 18,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $28.61, for a total transaction of $514,980.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey A. Craig sold 22,368 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $23.38, for a total value of $522,963.84. Following the sale, the chief executive officer now owns 477,310 shares of the company’s stock, valued at approximately $11,159,507.80. The disclosure for this sale can be found here. Insiders have sold 214,290 shares of company stock valued at $5,520,211 in the last quarter. 2.32% of the stock is currently owned by company 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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