Metaldyne Performance Group Inc (NYSE:MPG):
MPG Schedules Third Quarter 2016 Earnings Results Conference Call.
The company is now down from yesterday’s close of $15.75.
Metaldyne Performance Group Inc recently declared a dividend for shareholders paid on Tuesday September 20th, 2016. The dividend was $0.093 per share for the quarter or $0.37 annualized. This dividend amount was represent a yeild of $2.36. The ex-dividend date was Thursday the 1st of September 2016.
Company shares last traded at $15.40 marginally under the 50 day moving average which is $15.75 and barely below the 200 day moving average of $15.71. The 50 day moving average was down $-0.35 or -2.23% whereas the 200 day average was down by -1.95%.
Metaldyne Performance Group Inc’s P/E ratio is 9.85 and the market value is 1.04B. In the last earnings report the EPS was $1.56 and is expected to be $1.69 for the current year with 67,253,000 shares currently outstanding. Next quarter’s EPS is expected be $0.33 with next year’s EPS projected to be $1.89.
Several ratings firms have weighed in on the company recently. On June 29, 2016 the stock rating was changed to a “Sector Perform” by RBC Capital down from the previous “” rating. On June 21 the stock rating was downgraded to “Neutral” from “” by Bank of America.
On January 27 the company was downgraded from “Outperform” to “Neutral” and a price target of $14.00 was set in a report from Baird. Baird lowered the price target and downgraded the stock on January 27 changing the price target from $0.00 to $14.00 and setting the rating at “Neutral” which had previously been “Outperform”.
January 25 investment analysts at Barclays made no change to the company rating of “Equal-weight” and lowered the price target to $13.00 from $23.00. On December 16 Credit Suisse maintained a stock rating of “Outperform” and lowered the price expectation from $26.00 to $25.00.