Meritor Inc. Hits New 52-Week High at $10.90 (MTOR)
Shares of Meritor (NASDAQ:MTOR) hit a new 52-week high on Wednesday, AnalystRatingsNetwork reports. The company traded as high as $10.90 and last traded at $10.48, with a volume of 1,033,451 shares trading hands. The stock had previously closed at $10.68.
A number of research firms have recently commented on MTOR. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Meritor in a research note to investors on Monday, December 23rd. They now have a $9.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Meritor in a research note to investors on Monday, November 18th. They now have a $9.00 price target on the stock, down previously from $10.00. Finally, analysts at Robert W. Baird cut their price target on shares of Meritor from $8.00 to $6.00 in a research note to investors on Thursday, November 14th. They now have a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $8.18.
Meritor has a 1-year low of $4.11 and a 1-year high of $10.78. The stock has a 50-day moving average of $8.43 and a 200-day moving average of $7.81. The company’s market cap is $1.020 billion.
Meritor (NASDAQ:MTOR) last announced its earnings results on Wednesday, November 13th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.01. The company had revenue of $909.00 million for the quarter, compared to the consensus estimate of $965.84 million. During the same quarter last year, the company posted $0.32 earnings per share. Meritor’s revenue was down 7.8% compared to the same quarter last year. On average, analysts predict that Meritor will post $0.40 earnings per share for the current fiscal year.
Meritor, Inc (NASDAQ:MTOR) is a global supplier of a range of integrated systems and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors.
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