Somewhat Favorable News Coverage Somewhat Unlikely to Affect Meritor (MTOR) Share Price

News stories about Meritor (NYSE:MTOR) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. 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 news sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the auto parts company an impact score of 46.8154720406762 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

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Several analysts have commented on the company. Barclays upped their price objective on Meritor from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Stifel Nicolaus upped their price objective on Meritor from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Buckingham Research upped their price objective on Meritor from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. ValuEngine raised Meritor from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Piper Jaffray set a $35.00 price objective on Meritor and gave the company a “buy” rating in a research note on Tuesday, March 13th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $28.86.



NYSE MTOR opened at $21.38 on Tuesday. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.69 and a current ratio of 1.17. Meritor has a 12-month low of $14.97 and a 12-month high of $29.54. The company has a market cap of $1,926.39, a price-to-earnings ratio of 11.37 and a beta of 2.57.

Meritor (NYSE:MTOR) last released its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.16. The business had revenue of $903.00 million for 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 company’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. equities research analysts forecast that Meritor will post 2.72 EPS for the current year.

In related news, CEO Jeffrey A. Craig sold 155,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $26.21, for a total value of $4,062,550.00. Following the sale, the chief executive officer now owns 425,310 shares in the company, valued at approximately $11,147,375.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Joseph A. Plomin sold 15,826 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $25.64, for a total value of $405,778.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 238,826 shares of company stock worth $6,439,309. Insiders own 2.32% of the company’s stock.

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About Meritor

Meritor, Inc designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck & Industrial; and Aftermarket & Trailer.

Insider Buying and Selling by Quarter for Meritor (NYSE:MTOR)

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