Meritor Inc (MTOR) Receives $30.20 Average Price Target from Analysts

Meritor Inc (NYSE:MTOR) has earned an average recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $30.20.

MTOR has been the subject of several recent analyst reports. Piper Jaffray Companies set a $37.00 price objective on Meritor and gave the stock a “buy” rating in a report on Friday, September 14th. Zacks Investment Research lowered Meritor from a “strong-buy” rating to a “hold” rating in a report on Monday, July 30th. ValuEngine raised Meritor from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Barclays boosted their price objective on Meritor from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Thursday, August 2nd. Finally, TheStreet raised Meritor from a “c+” rating to a “b-” rating in a report on Friday, August 24th.

MTOR stock traded down $0.04 during mid-day trading on Tuesday, reaching $16.07. 1,192,162 shares of the company traded hands, compared to its average volume of 1,015,262. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $1.39 billion, a PE ratio of 8.55 and a beta of 2.43. Meritor has a 52-week low of $15.54 and a 52-week high of $29.54.



Meritor (NYSE:MTOR) last posted its earnings results on Wednesday, August 1st. The auto parts company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.11. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.06 billion. Meritor had a return on equity of 88.32% and a net margin of 8.06%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS. On average, equities research analysts anticipate that Meritor will post 2.96 EPS for the current fiscal year.

In other news, CEO Jeffrey A. Craig sold 34,678 shares of the business’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $21.84, for a total transaction of $757,367.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.32% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in MTOR. Northern Trust Corp lifted its position in Meritor by 0.6% in the 1st quarter. Northern Trust Corp now owns 990,689 shares of the auto parts company’s stock worth $20,368,000 after buying an additional 5,486 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Meritor by 4,972.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,138 shares of the auto parts company’s stock worth $269,000 after buying an additional 12,879 shares during the last quarter. Guggenheim Capital LLC bought a new stake in Meritor in the 1st quarter worth approximately $2,870,000. Royal Bank of Canada lifted its position in Meritor by 988.3% in the 1st quarter. Royal Bank of Canada now owns 142,542 shares of the auto parts company’s stock worth $2,930,000 after buying an additional 129,444 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Meritor in the 1st quarter worth approximately $566,000. Institutional investors own 89.40% of the company’s stock.

About Meritor

Meritor, Inc designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck & Industrial; and Aftermarket & Trailer.

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Analyst Recommendations for Meritor (NYSE:MTOR)

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