Meritor (MTOR) Receiving Somewhat Positive Press Coverage, Report Finds

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Media stories about Meritor (NYSE:MTOR) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Meritor earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the auto parts company an impact score of 46.6432983333011 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

NYSE:MTOR traded up $0.07 during trading hours on Thursday, hitting $21.54. 1,900 shares of the company’s stock traded hands, compared to its average volume of 561,560. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 11.46 and a beta of 2.41. Meritor has a 52 week low of $17.28 and a 52 week high of $29.54. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.70 and a current ratio of 1.15.

Meritor (NYSE:MTOR) last posted its quarterly earnings data on Wednesday, August 1st. The auto parts company reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.11. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.06 billion. Meritor had a return on equity of 88.32% and a net margin of 8.06%. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the company earned $0.64 earnings per share. equities analysts forecast that Meritor will post 2.96 earnings per share for the current fiscal year.

MTOR has been the subject of several recent research reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $37.00 price target on shares of Meritor in a research report on Wednesday, August 1st. Zacks Investment Research cut Meritor from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 30th. TheStreet upgraded Meritor from a “c+” rating to a “b-” rating in a research report on Friday, August 24th. ValuEngine cut Meritor from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Barclays lifted their price target on Meritor from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, August 2nd. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.68.

In related news, CEO Jeffrey A. Craig sold 34,678 shares of Meritor stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $21.84, for a total transaction of $757,367.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.32% of the stock is currently owned by company insiders.

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.

Read More: Price to Earnings Ratio (PE)

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

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