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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.

To view Zacks’ full report, visit Zacks’ official website.

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