Seeking Alpha

Metaldyne Performance Group (MPG)

  • Wed, Nov. 11, 3:45 PM
    • Metaldyne Performance (MPG -2.2%) is downgraded to Equal Weight from Overweight with a $23 price target at Barclays, which foresees a sluggish near-term growth outlook with cycle risk over the mid-term, even as organic growth likely accelerates beyond 2016.
    • The firm likes MPG's industry-leading EBITDA margins and above-average free cash generation, but finds it hard to ignore lackluster organic growth in 2015-16 and sees revenue headwinds driving below-average organic growth.
    • While the firm expects organic growth to accelerate to 6% in 2017 as headwinds fade and new business ramps, it also considers cycle risk in the mid-term.
    | Wed, Nov. 11, 3:45 PM | Comment!
  • Fri, Sep. 4, 12:45 PM
    | Fri, Sep. 4, 12:45 PM | 1 Comment
Company Description
Metaldyne Performance Group Inc provides engineered components for use in Powertrain & Safety-Critical Platforms for the light, commercial and industrial vehicle markets.
Industry: Auto Parts
Country: United States