Meritor, Inc. (NYSE:MTOR) has been assigned an average rating of “Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $19.57.
A number of research analysts have issued reports on MTOR shares. BidaskClub raised Meritor from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Barclays PLC lifted their price objective on Meritor from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, August 4th. Royal Bank Of Canada started coverage on Meritor in a report on Monday, May 15th. They set an “outperform” rating and a $22.00 price objective for the company. ValuEngine raised Meritor from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, Stifel Nicolaus set a $25.00 price objective on Meritor and gave the company a “buy” rating in a report on Wednesday, August 2nd.
In related news, SVP Robert H. Speed sold 4,192 shares of Meritor stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $19.23, for a total value of $80,612.16. Following the completion of the transaction, the senior vice president now directly owns 30,000 shares of the company’s stock, valued at $576,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.87% of the company’s stock.
Meritor (MTOR) traded down 0.563% during mid-day trading on Friday, hitting $18.555. 634,495 shares of the company were exchanged. The stock’s 50 day moving average is $17.42 and its 200-day moving average is $16.57. Meritor has a 12-month low of $9.84 and a 12-month high of $19.61. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 3.010 and a beta of 2.22.
Meritor (NYSE:MTOR) last issued its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.20. The company had revenue of $920 million during the quarter, compared to analysts’ expectations of $846.19 million. Meritor had a negative return on equity of 106.67% and a net margin of 17.03%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. Equities research analysts predict that Meritor will post $1.69 EPS for the current year.
Meritor Company Profile
Meritor, Inc is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company’s segments include Commercial Truck & Industrial and Aftermarket & Trailer.
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