Rating Action: Moody's places Meritor, Inc.' s ratings under review for upgrade following announced acquisition by Cummins, Inc.. Global Credit Research- 23 Feb 2022. New York, February 23, 2022-- Moody's Investors Service placed Meritor, Inc.' s Ba3 corporate family rating, Ba3-PD Probability of Default rating and B1 senior unsecured rating on review for upgrade.
The independent financial analyst theScreener just upgraded the general evaluation of MERITOR (US), a company active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains as risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date January 7, 2022, the closing price was USD 26.15 and...
Rating Action: Moody's affirms Meritor's Ba3 CFR and B1 senior unsecured rating; changes outlook to stable. Global Credit Research- 16 Aug 2021. New York, August 16, 2021-- Moody's Investors Service affirmed Meritor, Inc.' s corporate family rating at Ba3, Probability of Default rating at Ba3-PD and senior unsecured rating at B1.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Current market expectations for Ford misunderstand where the company is in the auto cycle. Markets expect UAFRS-based (Uniform) ROA (ROA') to never recover to the 2010-2019 mid-cycle profitability levels that are warranted, or even pessimistic considering the company's business strategy. Thanks to the At-Home Revolution, Ford has strong auto cycle tailwinds for the first time in five years. In addition, the company's smart strategy in the commercial market to invest in selling services, and how...
Meritor, Inc. (MTOR:USA) currently trades above recent averages relative to UAFRS-based (Uniform) earnings, with a 20.9x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management may be concerned about their ability to meet EPS guidance, labor and manufacturing cost optimization, and declining aftermarket sales Specifically, management may lack confidence in their ability to achieve their adjusted EPS and EBITDA margin guidance, and they may be exaggerating ...
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