Analysts Set Meritor, Inc. (NYSE:MTOR) Target Price at $30.33

Shares of Meritor, Inc. (NYSE:MTOR) have been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $30.33.

Several analysts recently issued reports on MTOR shares. upgraded shares of Meritor from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Thursday, July 1st. Zacks Investment Research lowered shares of Meritor from a “hold” rating to a “sell” rating and set a $26.00 target price on the stock. in a research report on Monday. Barclays cut their price target on shares of Meritor from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 7th. Finally, Citigroup upgraded shares of Meritor from a “neutral” rating to a “buy” rating in a report on Thursday, July 1st.

NYSE MTOR opened at $23.97 on Monday. The company has a current ratio of 1.49, a quick ratio of 0.89 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 12.68 and a beta of 2.09. The firm’s 50 day simple moving average is $23.53 and its 200 day simple moving average is $24.73. Meritor has a 1 year low of $20.50 and a 1 year high of $33.56.

Meritor (NYSE:MTOR) last posted its quarterly earnings results on Wednesday, August 4th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.12. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $944.48 million. Meritor had a net margin of 3.79% and a return on equity of 25.77%. The firm’s revenue for the quarter was up 97.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.47) EPS. On average, equities research analysts forecast that Meritor will post 2.45 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC boosted its holdings in Meritor by 3.1% during the second quarter. SG Americas Securities LLC now owns 13,578 shares of the auto parts company’s stock worth $318,000 after purchasing an additional 403 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Meritor by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 39,283 shares of the auto parts company’s stock valued at $920,000 after acquiring an additional 503 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Meritor by 12.7% in the second quarter. Public Employees Retirement System of Ohio now owns 4,750 shares of the auto parts company’s stock valued at $111,000 after acquiring an additional 537 shares during the last quarter. Profund Advisors LLC boosted its stake in Meritor by 6.2% in the second quarter. Profund Advisors LLC now owns 9,827 shares of the auto parts company’s stock valued at $230,000 after acquiring an additional 572 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in Meritor by 6.5% in the second quarter. Mutual of America Capital Management LLC now owns 10,319 shares of the auto parts company’s stock valued at $242,000 after acquiring an additional 632 shares during the last quarter. 94.49% of the stock is owned by hedge funds and other institutional investors.

Meritor Company Profile

Meritor, Inc engages in the design, production and trade of integrated systems, modules and components to equipment manufacturers. It operates through the following segments: Commercial Truck and Trailer and Aftermarket and Industrial. The Commercial Truck and Trailer segment supplies drivetrain systems and components, including axles, drivelines and braking and suspension systems, for medium- and heavy-duty trucks and other applications.

Recommended Story: What is Cost of Goods Sold (COGS)?

Analyst Recommendations for Meritor (NYSE:MTOR)

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.