Meritor Inc. (MTOR) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Meritor Inc. (NYSE:MTOR) have earned an average rating of “Hold” from the seven research firms that are covering the company. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $9.20.
A number of equities analysts have commented on the stock. Longbow Research set a $14.00 price objective on shares of Meritor and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Citigroup Inc. boosted their price target on shares of Meritor from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, August 8th. Zacks Investment Research raised shares of Meritor from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Finally, Piper Jaffray Cos. downgraded shares of Meritor from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $6.50 to $6.00 in a report on Tuesday, June 28th.
Meritor (NYSE:MTOR) traded up 1.7077% during trading on Wednesday, reaching $11.3099. 173,959 shares of the company’s stock traded hands. Meritor has a 12 month low of $5.69 and a 12 month high of $11.70. The stock has a market capitalization of $981.28 million, a P/E ratio of 13.7256 and a beta of 2.53. The company has a 50-day moving average of $10.93 and a 200 day moving average of $9.06.
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Meritor (NYSE:MTOR) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14. The firm earned $841 million during the quarter, compared to the consensus estimate of $841.79 million. Meritor had a net margin of 2.35% and a negative return on equity of 25.32%. The firm’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 earnings per share. On average, equities research analysts expect that Meritor will post $1.60 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the company. Springbok Capital Management LLC increased its stake in Meritor by 8.7% in the first quarter. Springbok Capital Management LLC now owns 12,500 shares of the company’s stock valued at $101,000 after buying an additional 1,000 shares during the last quarter. AHL Partners LLP bought a new stake in Meritor during the second quarter valued at $107,000. BNP Paribas Arbitrage SA increased its stake in Meritor by 55.9% in the third quarter. BNP Paribas Arbitrage SA now owns 9,835 shares of the company’s stock valued at $109,000 after buying an additional 3,526 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp bought a new stake in Meritor during the second quarter valued at $122,000. Finally, Princeton Alpha Management LP bought a new stake in Meritor during the second quarter valued at $127,000. 90.92% of the stock is owned by institutional investors and hedge funds.
Meritor, Inc is engaged in the development, manufacture, sale, assembly, distribution, import and export of movement control systems for buses, trailers and trucks and their parts and components. It serves commercial truck, trailer, bus and coach and off-highway machinery manufacturers. The Company’s segments include commercial truck and industrial, and aftermarket and trailer.
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