Shares of Meritor, Inc. (NYSE:MTOR) have been given an average rating of “Buy” by the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $26.19.
A number of equities analysts have weighed in on the company. Royal Bank Of Canada reissued a “buy” rating and set a $23.00 price target on shares of Meritor in a research report on Monday, September 4th. Barclays set a $22.00 price target on Meritor and gave the stock a “hold” rating in a research report on Friday, October 20th. Stifel Nicolaus reissued a “buy” rating and set a $26.00 price target (up previously from $25.00) on shares of Meritor in a research report on Tuesday, September 12th. J P Morgan Chase & Co boosted their price objective on Meritor from $19.00 to $21.50 and gave the stock a “neutral” rating in a report on Tuesday, September 12th. Finally, Citigroup restated a “neutral” rating and set a $22.00 price objective (up previously from $19.00) on shares of Meritor in a report on Tuesday, September 12th.
Several hedge funds have recently modified their holdings of the stock. Amalgamated Bank boosted its stake in shares of Meritor by 2.7% in the second quarter. Amalgamated Bank now owns 10,624 shares of the auto parts company’s stock valued at $176,000 after buying an additional 281 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Meritor by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 64,141 shares of the auto parts company’s stock valued at $1,065,000 after buying an additional 439 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Meritor by 3.5% in the second quarter. Principal Financial Group Inc. now owns 15,572 shares of the auto parts company’s stock valued at $259,000 after buying an additional 528 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Meritor by 8.8% in the second quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock valued at $122,000 after buying an additional 596 shares during the period. Finally, Federated Investors Inc. PA boosted its stake in shares of Meritor by 21.2% in the second quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock valued at $141,000 after buying an additional 1,491 shares during the period. Institutional investors and hedge funds own 96.20% of the company’s stock.
Meritor (MTOR) traded down $0.19 during trading hours on Friday, hitting $24.79. The company had a trading volume of 1,053,900 shares, compared to its average volume of 1,198,175. The company has a current ratio of 1.10, a quick ratio of 0.78 and a debt-to-equity ratio of 2.55. The firm has a market capitalization of $2,195.98, a P/E ratio of 13.33 and a beta of 2.28. Meritor has a twelve month low of $12.22 and a twelve month high of $27.96.
Meritor (NYSE:MTOR) last released its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.15. The business had revenue of $922.00 million for the quarter, compared to the consensus estimate of $836.39 million. Meritor had a negative return on equity of 1,152.54% and a net margin of 9.68%. Meritor’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. research analysts anticipate that Meritor will post 2.4 EPS for the current year.
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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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