Meritor’s Outperform Rating Reaffirmed at Zacks (MTOR)
Meritor (NASDAQ:MTOR)‘s stock had its “outperform” rating restated by Zacks in a research report issued on Friday. They currently have a $15.00 target price on the stock. Zacks‘s target price would suggest a potential upside of 15.12% from the stock’s previous close.
Shares of Meritor (NASDAQ:MTOR) traded up 1.16% during mid-day trading on Friday, hitting $13.03. 1,851,632 shares of the company’s stock traded hands. Meritor has a 1-year low of $6.09 and a 1-year high of $15.14. The stock’s 50-day moving average is $13.26 and its 200-day moving average is $12.32. The company has a market cap of $1.274 billion and a P/E ratio of 84.74.
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 $0.61 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on MTOR. Analysts at Piper Jaffray initiated coverage on shares of Meritor in a research note on Wednesday, July 16th. They set an “overweight” rating and a $15.00 price target on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of Meritor from $16.00 to $15.00 in a research note on Monday, July 14th. Finally, analysts at CRT Capital upgraded shares of Meritor from a “fair value” rating to a “buy” rating in a research note on Tuesday, June 24th. They now have a $15.00 price target on the stock, up previously from $14.00. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $13.94.
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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