Today, Metaldyne Performance Group Inc. (MPG) Stock Rating Reaffirm by Barclays PLC

Today, Metaldyne Performance Group Inc. (MPG) Stock Rating Reaffirm by Barclays PLC
Metaldyne Performance Group Inc. (NYSE:MPG)‘s stock had its “hold” rating reaffirmed by stock analysts at Barclays PLC in a report issued on Tuesday. They presently have a $14.00 price target on the stock. Barclays PLC’s price objective would suggest a potential downside of 31.37% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Deutsche Bank AG decreased their price target on shares of Metaldyne Performance Group from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, August 5th. Zacks Investment Research downgraded shares of Metaldyne Performance Group from a “hold” rating to a “sell” rating in a research note on Thursday, October 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Metaldyne Performance Group currently has an average rating of “Hold” and a consensus target price of $15.17.

Shares of Metaldyne Performance Group (NYSE:MPG) traded up 0.25% during trading on Tuesday, reaching $20.40. 277,009 shares of the company were exchanged. Metaldyne Performance Group has a 52-week low of $10.87 and a 52-week high of $22.70. The stock has a 50-day moving average of $17.47 and a 200 day moving average of $16.10. The stock has a market capitalization of $1.36 billion, a P/E ratio of 14.23 and a beta of 1.74.

Metaldyne Performance Group (NYSE:MPG) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. The business had revenue of $676 million for the quarter, compared to the consensus estimate of $690.91 million. Metaldyne Performance Group had a net margin of 3.49% and a return on equity of 17.24%. Metaldyne Performance Group’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the company posted $0.41 earnings per share. On average, equities analysts anticipate that Metaldyne Performance Group will post $1.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 18th will be issued a dividend of $0.093 per share. The ex-dividend date is Wednesday, November 16th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 1.82%. Metaldyne Performance Group’s payout ratio is presently 25.69%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bogle Investment Management L P DE bought a new position in shares of Metaldyne Performance Group during the first quarter worth about $928,000. Aristotle Capital Boston LLC boosted its position in shares of Metaldyne Performance Group by 6.9% in the first quarter. Aristotle Capital Boston LLC now owns 217,107 shares of the company’s stock worth $3,650,000 after buying an additional 13,964 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its position in shares of Metaldyne Performance Group by 2.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 331,057 shares of the company’s stock worth $4,552,000 after buying an additional 8,678 shares during the last quarter. Albert D Mason Inc. boosted its position in shares of Metaldyne Performance Group by 2.0% in the second quarter. Albert D Mason Inc. now owns 27,670 shares of the company’s stock worth $380,000 after buying an additional 555 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Metaldyne Performance Group by 9.2% in the second quarter. Bank of New York Mellon Corp now owns 235,600 shares of the company’s stock worth $3,239,000 after buying an additional 19,780 shares during the last quarter. 18.45% of the stock is owned by institutional investors.

About Metaldyne Performance Group

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