Meritor Inc (NYSE:MTOR) has received a consensus recommendation of “Buy” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $29.05.
Several equities analysts have issued reports on the company. Buckingham Research boosted their target price on Meritor from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Barclays boosted their target price on Meritor from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 1st. Stifel Nicolaus set a $32.00 target price on Meritor and gave the stock a “buy” rating in a research report on Friday, February 9th. Piper Jaffray Companies reiterated a “buy” rating and set a $35.00 target price on shares of Meritor in a research report on Wednesday, January 31st. Finally, ValuEngine upgraded Meritor from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd.
In related news, CEO Jeffrey A. Craig sold 155,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $26.21, for a total value of $4,062,550.00. Following the sale, the chief executive officer now owns 425,310 shares in the company, valued at approximately $11,147,375.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Timothy J. Heffron sold 18,696 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $23.46, for a total value of $438,608.16. Following the completion of the sale, the senior vice president now owns 31,741 shares in the company, valued at approximately $744,643.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 369,290 shares of company stock worth $9,582,761. Insiders own 2.32% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schroder Investment Management Group acquired a new stake in shares of Meritor in the 4th quarter worth approximately $136,000. Ameritas Investment Partners Inc. lifted its stake in Meritor by 8.8% in the 2nd 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 in the last quarter. Meeder Asset Management Inc. lifted its stake in Meritor by 123.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 8,352 shares of the auto parts company’s stock valued at $218,000 after buying an additional 4,611 shares in the last quarter. AMP Capital Investors Ltd purchased a new stake in Meritor in the 3rd quarter valued at approximately $232,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Meritor in the 3rd quarter valued at approximately $232,000. Institutional investors and hedge funds own 92.91% of the company’s stock.
Shares of Meritor (NYSE:MTOR) traded down $0.01 during mid-day trading on Wednesday, reaching $25.76. The company had a trading volume of 1,053,269 shares, compared to its average volume of 1,445,839. The firm has a market cap of $2,290.26, a PE ratio of 8.74 and a beta of 2.45. Meritor has a 1 year low of $14.97 and a 1 year high of $29.54. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.17 and a quick ratio of 0.69.
Meritor (NYSE:MTOR) last released its earnings results on Wednesday, January 31st. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.16. Meritor had a return on equity of 208.74% and a net margin of 7.69%. The company had revenue of $903.00 million for the quarter, compared to analysts’ expectations of $836.28 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 29.2% on a year-over-year basis. equities research analysts predict that Meritor will post 2.7 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/21/meritor-inc-mtor-receives-consensus-recommendation-of-buy-from-analysts.html.
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.
Receive News & Ratings for Meritor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meritor and related companies with MarketBeat.com's FREE daily email newsletter.