Meritor Receives Average Rating of “Buy” from Brokerages (NASDAQ:MTOR)
Shares of Meritor (NASDAQ:MTOR) have received an average rating of “Buy” from the nine analysts that are presently covering the company, AR Network reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $13.31.
MTOR has been the subject of a number of recent research reports. 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.
Shares of 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 P/E ratio of 89.21.
Meritor (NASDAQ:MTOR) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts predict that Meritor will post $0.58 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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