Metaldyne Performance GroupNYSE
Tue, Oct. 11, 9:33 AM
- The German Bundesrat has fired a warning shot across the automobile industry that is yet another indication that seismic changes could be coming down the road.
- In a vote intended to pressure the EU, the Bundesrat approved a measure to ban gas and diesel vehicles by 2030. The Bundesrat doesn't set policy across Europe, but is considered influential.
- Naturally, the fact that the push is coming from the home of Mercedes, BMW, and Volkswagen also adds a degree of intrigue to the news and the underlying electrification push out of the trio.
- Wall Street analysts with their 1-year price target mindset haven't weighed in on the development, but there's plenty of discussion on Seeking Alpha about the implications.
- Previously: Germany says nein to internal combustion engines (Oct. 10)
- Related auto parts stocks: ACW, ALSN, ALV, AXL, BWA, CAAS, CPS, DAN, DLPH, DORM, FDML, FENX, GNTX, JCI, LDL, LEA, LKQ, MBLY, MLR, MNRO, MOD, MPAA, MPG, MTOR, PLOW, SMP, SRI, STRT, SUP, STRT, TEN, THRM, TEN, TOWR, UFAB, VC, VOXX, WBC, ZX.
Tue, Aug. 30, 11:07 AM
Thu, Aug. 4, 6:17 AM
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Wed, Aug. 3, 5:30 PM
- AAC, AAON, ACRE, ACTA, AGCO, AGIO, AKRX, ALSK, AMCX, AME, AMRN, ANIP, ANSS, APA, APLP, ARRY, AYR, BBW, BCE, BCRX, BDX, BLL, CBB, CCOI, CHD, CHK, CNNX, CNSL, COT, CPK, CRIS, CRZO, CTB, DNR, DUK, DW, ELOS, EPAM, ESNT, EVA, FMSA, GLDD, GLOG, GOGO, GTN, HAR, HGG, HII, HL, HMHC, HRC, HSC, HSIC, HSNI, ICPT, IMGN, IOC, IPCC, IRM, IT, ITCI, ITT, K, KOP, LBY, LFUS, LGND, LIOX, LPX, LQDT, LXRX, MFC, MGM, MGP, MITL, MMS, MNTA, MPEL, MPG, MPW, NAO, NERV, NGS, NOK, NSAM, NXTM, OGE, OMAM, OMF, ORBC, PBH, PCRX, PGNX, PGTI, PH, PLUG, PPP, PRFT, PRIM, PRTY, PWR, QSR, RDUS, REGN, RFP, RGEN, RLGY, ROLL, RVLT, RWLK, SBH, SEAS, SFM, SGM, SHLX, SNR, SPAR, SPH, SRE, SSTK, SSYS, STFC, STOR, STWD, TDY, TEVA, THS, TICC, TIME, TK, TNK, TOO, TSEM, TVPT, TWI, UAM, UNT, USAC, USCR, VIAB, VLP, VWR, WIN, WPC, WRK, XLRN
Fri, Jun. 24, 12:00 PM
Tue, Jun. 21, 1:53 PM
- BorgWarner (BWA -4.1%) tumbles after BofA Merrill Lynch downgrades shares to Neutral from Buy, saying the company looks set to suffer from muted revenue and profit growth going forward.
- The downgrade is just one of several among auto parts suppliers amid lower than expected U.S. auto sales this year, as BofA cuts its 2016 U.S. auto sales estimate to 17.7M from an earlier view of 18.2M.
- In addition to BWA, the firm also downgrades American Axle (AXL -6%), Lear (LEA -3.5%) and Metaldyne (MPG -5.9%) to Neutral from Buy, and Cooper-Standard (CPS -3.6%) to Underperform from Neutral.
- BofA adds that investor sentiment towards the auto supplier sector has become more negative, meaning that all the downgraded stocks likely will trade at relatively low multiples.
Tue, Jun. 21, 12:00 PM
Thu, May 5, 6:06 AM
- Metaldyne Performance (NYSE:MPG): Q1 EPS of $0.55 beats by $0.15.
- Revenue of $739.5M (-3.4% Y/Y) beats by $16.25M.
Wed, Apr. 20, 10:43 AM
- Baird notes that North American automobile production was up 5% in Q1 to top expectations. Production schedules for Q2 point to 3% growth.
- Strong gains in truck and SUV builds underpinned the growth, while inventory levels have held steady on consistent consumer demand.
- Baird thinks the trend looks favorable through the summer season.
- Suppliers rated at Overweight: ALV, BWA, DLPH, HAR, JCI, MBLY, VC.
- Suppliers rated at Neutral: GNTX, MEI, MPG.
- Baird analyst David Leiker ranks #240 out of 8,906 analysts on TipRanks.
- Now read Shifting The Gears On Auto Industry Growth
Fri, Apr. 1, 11:14 AM
- Auto parts stock are lower after March U.S. auto sales from the Detroit Three fall short of the estimates of research firms.
- Leading decliners include Metaldyne (MPG -6.7%), Dana Holding (DAN -4.9%), American Axle & Manufacturing (AXL -3.4%), Tenneco (TEN -3.6%), Lear Corp. (LEA -3.1%), Meritor (MTOR -2.4%), and Gentherm (THRM -2.1%).
- Now read The U.S. Auto Market: How Many Brands, How Many Models?
Thu, Feb. 25, 7:22 AM
- Metaldyne Performance (NYSE:MPG) declares $0.09/share quarterly dividend, in line with previous.
- Forward yield 3.02%
- Payable April 26; for shareholders of record April 12; ex-div April 10.
Thu, Feb. 25, 6:09 AM
- Metaldyne Performance (NYSE:MPG): Q4 EPS of $0.29 may not be comparable to consensus of $0.41.
- Revenue of $735.3M (-3.5% Y/Y) misses by $2.65M.
Nov. 11, 2015, 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.
Nov. 3, 2015, 6:07 AM
- Metaldyne Performance (NYSE:MPG): Q3 EPS of $0.41 in-line.
- Revenue of $746.6M (-3.4% Y/Y) misses by $17.6M.
Sep. 4, 2015, 12:45 PM