Financial Analysis and Stock Valuation: Meritor Inc. (MTOR), United Microelectronics Corporation (UMC)

You should consider shares of Meritor Inc. (NYSE:MTOR) and United Microelectronics Corporation (NYSE:UMC) if you are looking for a great stocks to invest in. Starting with the MTOR shares, which traded at $23.65 at the close of the recent session, dropping -3.78%. On Tuesday, the company’s shares shed -$0.93 from its value which represented in intraday trading. The stock is now 43.33% higher in year-to-date (YTD) trading. MTOR’s intraday high was $24.35 while its lowest price touched $23.63. The stock’s 52-week high price is $25.90, which means the current price is at -8.69%. In terms of trading activity, the daily trading volume rose to 1143008 against 200-day average trading volume of 872,662 shares.

What are analyst forecasts for Meritor Inc. (NYSE:MTOR)?

At a consensus rating of 3.75, MTOR is trending as a streaking Moderate Buy, as it has been the case a month ago when 9 analysts called it a Moderate Buy. Two months ago, 9 analysts recommended, on average, that MTOR stock is a Moderate Buy. The Consumer Goods company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $24.35 on the day.

Forecasts for Meritor Inc. (NYSE:MTOR) give the stock a fair value for the growth of 1.46% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $24.00, which means the price per share could rise by nearly $0.35. The price range target is between a low of $19.00 and a high of $30.00. The stock would need to gain by about $21.17 to hit the estimated high or 0.64% from its 12-month low.

The consensus among 7 analysts is that it is a good time for one to Overweight in the Meritor Inc. 2 analysts rate MTOR as a Buy, with 0 of 7 analysts rate it as a Sell. 0 have valued the stock as Overweight and 5 have recommended that investors Hold.

Meritor Inc. (NYSE:MTOR) Upgrades and Downgrades

In terms of rating changes, Longbow on May 06, 2019, Downgrade Meritor Inc. (MTOR) at Neutral. Analysts at RBC Capital Mkts have assigned a Sector Perform rating for the stock in their research note on January 23, 2019. Moreover, Stifel analysts issued a rating of Buy for the stock on February 01, 2018, giving it a price target of $33 for the next 12 months. On January 24, 2018, the stock earned a Buy rating due to an analyst call from Longbow, while analysts from Piper Jaffray on December 08, 2017 suggested that the stock is Overweight.

United Microelectronics Corporation (NYSE:UMC) adds $0.05 on Tuesday

The UMC stock has risen 39.66% year-to-date and is currently trading at $2.50, which is 0.40% below its 52-week high. The company shares gained 2.04% on the day and have risen nearly 47.93% off a low hit. At current levels, United Microelectronics Corporation has a valuation of about $4.66B. As of 12/03/19, this stock has risen 2.04% during the week and closed at $2.45 in the previous session. However, recent United Microelectronics Corporation stock performance shows that UMC shares are 6.84% up over the last month, and 16.28% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.02, with the trailing 12-month share earnings at $0.05. Over the next 5-year period, earnings per share will be 20.00%. But will the UMC stock surprise in the current quarter results, where the $0.02 actual EPS reported on 6/29/2019 surprised by 0.00% or was lower by $0 from the estimated $0.02.

Sales Growth to climb 11.00% for the year

How well will United Microelectronics Corporation perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $1.21B and $1.21B in current quarter sales. The consensus estimated for the current quarter is $1.21B from sales. Forecasts for this fiscal year are between $4.77B and $4.77B and the consensus estimate for sales is at $4.77B.

Who owns shares in United Microelectronics Corporation (UMC)?

Let’s briefly focus on the share ownership of the United Microelectronics Corporation (NYSE:UMC) stock, where we find that 5.80% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 27.5 million shares or 19.21% of shares outstanding. LMR Partners LLP and Renaissance Technologies, LLC held 18.09 million and 17.46 million representing 12.63% and 12.19% respectively at the close of the last trading session. As of Sep 29, 2019, Parametric Portfolio Associates accounted for 8.32 million shares at over 17.38 million. This represented 5.81% of shares outstanding. Acadian Asset Management held 8.31 million shares at over 17.38 million representing 5.81% of shares outstanding.