Brokerages Set Meritor Inc (MTOR) Target Price at $26.25

Shares of Meritor Inc (NYSE:MTOR) have been given an average rating of “Hold” by the nine research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.75.

A number of analysts have issued reports on the stock. Stifel Nicolaus set a $29.00 price objective on shares of Meritor and gave the company a “buy” rating in a report on Wednesday, August 1st. Zacks Investment Research downgraded shares of Meritor from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Barclays reissued a “hold” rating and issued a $21.00 price objective (down previously from $22.00) on shares of Meritor in a report on Sunday. Piper Jaffray Companies reissued a “buy” rating on shares of Meritor in a report on Thursday, November 15th. Finally, ValuEngine raised shares of Meritor from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st.

Shares of MTOR opened at $16.09 on Friday. Meritor has a 52 week low of $15.01 and a 52 week high of $29.54. The stock has a market capitalization of $1.33 billion, a P/E ratio of 5.31 and a beta of 2.53. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 2.30.

Meritor (NYSE:MTOR) last posted its quarterly earnings data on Wednesday, November 14th. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.04. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.04 billion. Meritor had a net margin of 2.80% and a return on equity of 92.31%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 EPS. Equities analysts expect that Meritor will post 3.22 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Stone Ridge Asset Management LLC bought a new stake in shares of Meritor during the 3rd quarter worth approximately $198,000. Eqis Capital Management Inc. bought a new position in Meritor in the 2nd quarter valued at approximately $203,000. Meeder Asset Management Inc. lifted its stake in Meritor by 559.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 11,049 shares of the auto parts company’s stock valued at $212,000 after purchasing an additional 9,374 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Meritor in the 2nd quarter valued at approximately $252,000. Finally, GAM Holding AG bought a new position in Meritor in the 2nd quarter valued at approximately $253,000. 86.04% of the stock is owned by institutional investors.

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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