Meritor Inc (MTOR) Receives Consensus Recommendation of “Buy” from Analysts

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.

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About Meritor

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.

Analyst Recommendations for Meritor (NYSE:MTOR)

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