UBS Cuts Estimates on Meritor (MTOR) Through 2016 as Company Revises Sales
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Price: $36.50 --0%
Rating Summary:
5 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Meritor (NYSE: MTOR) price target of $4.50 (from $5.00).
Analyst, Colin Langan, said, "MTOR's revised end market assumptions seem realistic; however our analysis suggests that there is some cushion in the midpoint of sales guidance (UBSe ~$125m). Consequently, we expect sales to be at the high end of guidance. While we see sales guidance as conservative, the midpoint of EBITDA margin guidance implies only 11% contribution on lower sales. Note, margins would need to increase q/q on lower sales in order to reach the high end of margin guidance."
FY12 EPS estimate cut from $1.27 to $1.03,FY13 from $1.45 to $1.25.
For an analyst ratings summary and ratings history on Meritor click here. For more ratings news on Meritor click here.
Shares of Meritor closed at $4.31 yesterday.
Analyst, Colin Langan, said, "MTOR's revised end market assumptions seem realistic; however our analysis suggests that there is some cushion in the midpoint of sales guidance (UBSe ~$125m). Consequently, we expect sales to be at the high end of guidance. While we see sales guidance as conservative, the midpoint of EBITDA margin guidance implies only 11% contribution on lower sales. Note, margins would need to increase q/q on lower sales in order to reach the high end of margin guidance."
FY12 EPS estimate cut from $1.27 to $1.03,FY13 from $1.45 to $1.25.
For an analyst ratings summary and ratings history on Meritor click here. For more ratings news on Meritor click here.
Shares of Meritor closed at $4.31 yesterday.
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