Analysts Turn Mixed On Meritor Inc. (NYSE:MTOR), Cornerstone Building Brands Inc. (NYSE:CNR)

The shares of Meritor Inc. (NYSE:MTOR) has been pegged with a rating of Neutral by Longbow in its latest research note that was published on May 06, 2019. Longbow wasn’t the only research firm that published a report of Meritor Inc., with other equities research analysts also giving their opinion on the stock. The stock had earned Buy rating from Stifel Markets when it published its report on February 01, 2018. That day the Stifel set price target on the stock to $33. Piper Jaffray was of a view that MTOR is Overweight in its latest report on December 08, 2017. RBC Capital Mkts thinks that MTOR is worth Outperform rating. This was contained in the firm’s report on November 16, 2017 in which the stock’s price target was also moved to 30.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $22.33. The price of the stock the last time has raised by 39.51% from its 52-Week high price while it is -44.00% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 40.65.

The shares of the company added by 8.95% during the trading session on Wednesday, reaching a low of $13.3701 while ending the day at $15.22. During the trading session, a total of 2.95 million shares were traded which represents a -55.32% decline from the average session volume which is 1.9 million shares. MTOR had ended its last session trading at $13.97. Meritor Inc. currently has a market cap of $1.03 billion, while its P/E ratio stands at 5.31, while its P/E earnings growth sits at 1.26, with a beta of 2.14. Meritor Inc. debt-to-equity ratio currently stands at 3.07, while its quick ratio hovers at 0.60 MTOR 52-week low price stands at $10.91 while its 52-week high price is $27.18.

The company in its last quarterly report recorded $0.64 earnings per share which is above the predicted by most analysts. The Meritor Inc. generated 108.0 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.83 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -60.94%. Meritor Inc. has the potential to record 2.57 EPS for the current fiscal year, according to equities analysts.

Investment analysts at DA Davidson published a research note on March 13, 2020 where it informed investors and clients that Cornerstone Building Brands Inc. (NYSE:CNR) is now rated as Neutral. Their price target on the stock stands at $5.50. Even though the stock has been trading at $4.00/share, analysts expect it to surge by 15.75% to reach $8.83/share. It started the day trading at $4.89 and traded between $3.93 and $4.63 throughout the trading session.

A look at its technical shows that CNR’s 50-day SMA is 7.50 while its 200-day SMA stands at 6.56. The stock has a high of $9.79 for the year while the low is $2.54. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 3.4 M shorted shares, the short percentage went higher by 7.47%, as 3.65M MTOR shares were shorted. At the moment, only 7.60% of Cornerstone Building Brands Inc. shares were sold short. The company’s average trading volume currently stands at 596.64K shares, which means that the short-interest ratio is just 5.70 days. Over the past seven days, the company moved, with its shift of 37.39%. Looking further, the stock has dropped -45.59% over the past 90 days while it lost -22.18% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Coliseum Capital Management LLC bought more CNR shares, increasing its portfolio by 20.93% during the last quarter. This move now sees The Coliseum Capital Management LLC purchasing 942,303 shares in the last quarter, thus it now holds 5,444,056 shares of CNR, with a total valuation of $40,013,812. BlackRock Fund Advisors meanwhile bought more CNR shares in the recently filed quarter, changing its stake to $21,344,723 worth of shares.

Similarly, The Vanguard Group, Inc. decreased its Cornerstone Building Brands Inc. shares by 0.41% during the recently filed quarter. After selling 2,785,618 shares in the last quarter, the firm now controls -11,403 shares of Cornerstone Building Brands Inc. which are valued at $20,474,292. In the same vein, Renaissance Technologies LLC decreased its Cornerstone Building Brands Inc. shares by during the most recent reported quarter. The firm sold 249,300 shares during the quarter which decreased its stakes to 2,281,700 shares and is now valued at $16,770,495. Following these latest developments, around 1.50% of Cornerstone Building Brands Inc. stocks are owned by institutional investors and hedge funds.