Shares of Meritor Inc (NYSE:MTOR) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $24.18.
A number of analysts have recently commented on MTOR shares. Buckingham Research dropped their target price on shares of Meritor from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, August 16th. ValuEngine cut shares of Meritor from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 4th. UBS Group lowered their price target on Meritor from $25.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Zacks Investment Research raised Meritor from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a research report on Thursday, August 1st. Finally, Citigroup lowered their price target on Meritor from $25.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, August 26th.
In other news, SVP Boise April Miller sold 31,830 shares of Meritor stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $17.38, for a total value of $553,205.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in Meritor by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,718,601 shares of the auto parts company’s stock worth $62,881,000 after buying an additional 42,995 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in Meritor in the 2nd quarter worth about $36,935,000. JPMorgan Chase & Co. raised its position in Meritor by 3.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,499,737 shares of the auto parts company’s stock worth $36,369,000 after buying an additional 43,865 shares during the last quarter. Prudential Financial Inc. raised its position in Meritor by 67.6% in the 2nd quarter. Prudential Financial Inc. now owns 1,167,951 shares of the auto parts company’s stock worth $28,322,000 after buying an additional 471,038 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Meritor by 2,068.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,154,290 shares of the auto parts company’s stock worth $27,992,000 after buying an additional 1,101,070 shares during the last quarter. 95.65% of the stock is owned by institutional investors and hedge funds.
NYSE:MTOR opened at $19.55 on Friday. The stock has a market cap of $1.61 billion, a P/E ratio of 6.45 and a beta of 2.33. The firm’s fifty day simple moving average is $18.87 and its 200 day simple moving average is $21.49. Meritor has a twelve month low of $15.01 and a twelve month high of $25.78. The company has a quick ratio of 0.76, a current ratio of 1.25 and a debt-to-equity ratio of 1.44.
Meritor (NYSE:MTOR) last released its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Meritor had a net margin of 6.31% and a return on equity of 83.77%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 earnings per share. On average, analysts expect that Meritor will post 3.72 EPS for the current fiscal year.
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; and Aftermarket, Industrial and Trailer.
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