Metaldyne Performance Group Receives a Hold from KeyBanc

By Carrie Williams

KeyBanc analyst Brett Hoselton resumed coverage with a Hold rating on Metaldyne Performance Group (NYSE: MPG) today. The company’s shares opened today at $19.35.

According to TipRanks.com, Hoselton is a 5-star analyst with an average return of 14.4% and a 56.1% success rate. Hoselton covers the Consumer Goods sector, focusing on stocks such as Superior Industries International, Cooper-Standard Holdings, and Cooper Tire Rubber.

Currently, the analyst consensus on Metaldyne Performance Group is Hold and the average price target is $14, representing a -27.6% downside.

In a report issued on November 4, Barclays also maintained a Hold rating on the stock with a $14 price target.

The company has a one year high of $22.70 and a one year low of $10.87. Currently, Metaldyne Performance Group has an average volume of 214.7K.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MPG in relation to earlier this year.

Metaldyne Performance Group, Inc. is a diversified manufacturing company in metal forming technologies with global value-added capabilities focused on transmission, engine, driveline, and safety critical applications in passenger, commercial, and industrial vehicles. The company’s powertrain product portfolio is focused on engine, transmission, and driveline components, and its safety-critical products include steering, suspension, and brake parts and other specialty products. The company operates through three business segments: HHI, Metaldyne and Grede. The HHI segment manufactures highly-engineered metal-based products for the North American light vehicle market. The Metaldyne segment manufactures highly-engineered metal-based products for the global light vehicle markets. The Grede segment manufactures cast, machined and assembled components for the light, commercial and industrial vehicle end-markets. Metaldyne Performance Group was founded on August 8, 2014 and is headquartered in Plymouth, MI.