Meritor, Inc. (MTOR) Receives $29.05 Consensus PT from Analysts

Shares of Meritor, Inc. (NYSE:MTOR) have been assigned a consensus rating of “Buy” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $29.28.

Several equities research analysts have commented on MTOR shares. ValuEngine upgraded shares of Meritor from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Piper Jaffray set a $35.00 price objective on shares of Meritor and gave the company a “buy” rating in a research note on Tuesday, March 13th. Longbow Research upgraded shares of Meritor from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. Barclays increased their price objective on shares of Meritor from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Finally, Zacks Investment Research upgraded shares of Meritor from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, January 31st.

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In related news, CEO Jeffrey A. Craig sold 155,000 shares of Meritor stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $26.21, for a total value of $4,062,550.00. Following the completion of the transaction, the chief executive officer now directly owns 425,310 shares in the company, valued at approximately $11,147,375.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Chris Villavarayan sold 18,000 shares of Meritor stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $28.61, for a total transaction of $514,980.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 238,826 shares of company stock valued at $6,439,309. 2.32% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in MTOR. Schroder Investment Management Group purchased a new position in Meritor in the 4th quarter valued at approximately $136,000. AMP Capital Investors Ltd purchased a new position in Meritor in the 3rd quarter valued at approximately $232,000. Barings LLC purchased a new position in Meritor in the 3rd quarter valued at approximately $273,000. Caxton Associates LP purchased a new position in Meritor in the 3rd quarter valued at approximately $297,000. Finally, Sciencast Management LP purchased a new position in Meritor in the 4th quarter valued at approximately $318,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

NYSE:MTOR opened at $20.22 on Thursday. The company has a quick ratio of 0.69, a current ratio of 1.17 and a debt-to-equity ratio of 2.86. The stock has a market capitalization of $1,803.32, a price-to-earnings ratio of 9.07 and a beta of 2.57. Meritor has a 52 week low of $14.97 and a 52 week high of $29.54.

Meritor (NYSE:MTOR) last posted its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.16. The firm had revenue of $903.00 million during the quarter, compared to analyst estimates of $836.28 million. Meritor had a net margin of 7.69% and a return on equity of 208.74%. The company’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. equities analysts forecast that Meritor will post 2.71 earnings per share for the current year.

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Meritor Company Profile

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.

Analyst Recommendations for Meritor (NYSE:MTOR)

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