Meritor (NYSE:MTOR) Receiving Somewhat Positive Media Coverage, Report Shows

Media stories about Meritor (NYSE:MTOR) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Meritor earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 45.2425849607934 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

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

Shares of Meritor (NYSE MTOR) opened at $24.12 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.10 and a debt-to-equity ratio of 2.55. Meritor has a fifty-two week low of $13.46 and a fifty-two week high of $27.96. The firm has a market cap of $2,144.85, a PE ratio of 6.79 and a beta of 2.29.

Meritor (NYSE:MTOR) last posted its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.15. Meritor had a net margin of 9.68% and a negative return on equity of 1,152.54%. The business had revenue of $922.00 million for the quarter, compared to analyst estimates of $836.39 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. research analysts expect that Meritor will post 2.43 earnings per share for the current year.

Several equities research analysts have issued reports on MTOR shares. BidaskClub raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a report on Friday, September 22nd. Longbow Research lowered shares of Meritor from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. UBS Group boosted their price target on shares of Meritor from $19.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Barclays set a $22.00 price target on shares of Meritor and gave the company a “hold” rating in a report on Friday, October 20th. Finally, Royal Bank of Canada lowered their price target on shares of Meritor from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, November 16th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $26.14.

In related news, CFO Kevin Nowlan sold 17,977 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $24.64, for a total transaction of $442,953.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey A. Craig sold 67,005 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $24.63, for a total transaction of $1,650,333.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,290 shares of company stock worth $3,549,231. 2.32% of the stock is owned by corporate insiders.

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About Meritor

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.

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

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