Meritor, Inc. (NYSE:MTOR) VP Paul Bialy sold 2,191 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $24.64, for a total value of $53,986.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Meritor, Inc. (NYSE:MTOR) traded up $0.12 on Wednesday, hitting $24.40. The stock had a trading volume of 1,009,200 shares, compared to its average volume of 1,197,490. Meritor, Inc. has a 12 month low of $12.38 and a 12 month high of $27.96. The company has a quick ratio of 0.78, a current ratio of 1.10 and a debt-to-equity ratio of 2.55. The firm has a market capitalization of $2,150.81, a P/E ratio of 13.05 and a beta of 2.28.
Meritor (NYSE:MTOR) last posted its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.15. Meritor had a negative return on equity of 1,152.54% and a net margin of 9.68%. The company had revenue of $922.00 million during the quarter, compared to the consensus estimate of $836.39 million. During the same quarter last year, the firm earned $0.34 earnings per share. The company’s revenue was up 26.6% on a year-over-year basis. sell-side analysts expect that Meritor, Inc. will post 2.4 EPS for the current year.
Several brokerages have issued reports on MTOR. Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price target (up previously from $25.00) on shares of Meritor in a report on Tuesday, September 12th. Longbow Research reissued a “buy” rating and set a $28.00 target price (up previously from $22.00) on shares of Meritor in a report on Tuesday, September 19th. Barclays reissued an “equal weight” rating and set a $21.00 target price (up previously from $17.00) on shares of Meritor in a report on Tuesday, September 12th. KeyCorp reissued a “buy” rating and set a $37.00 target price (up previously from $23.00) on shares of Meritor in a report on Tuesday, September 19th. Finally, BidaskClub raised Meritor from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $25.75.
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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