Meritor Given Average Recommendation of “Buy” by Brokerages (NASDAQ:MTOR)
Meritor (NASDAQ:MTOR) has received an average rating of “Buy” from the nine brokerages that are covering the stock, American Banking News.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $13.31.
Meritor (NASDAQ:MTOR) opened at 13.67 on Wednesday. Meritor has a 52-week low of $6.04 and a 52-week high of $14.15. The stock has a 50-day moving average of $12.06 and a 200-day moving average of $10.14. The company has a market cap of $1.334 billion and a price-to-earnings ratio of 89.21.
Meritor (NASDAQ:MTOR) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.13. The company had revenue of $962.00 million for the quarter, compared to the consensus estimate of $920.24 million. During the same quarter last year, the company posted $0.06 earnings per share. Meritor’s revenue was up 5.9% compared to the same quarter last year. Analysts expect that Meritor will post $0.58 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Meritor in a research note on Tuesday. They now have a $17.00 price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Meritor in a research note on Friday, May 2nd. They now have a $15.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Meritor from $11.00 to $14.00 in a research note on Friday, May 2nd.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.