Meritor, Inc. (MTOR) Given Average Rating of “Buy” by Brokerages
Shares of Meritor, Inc. (NYSE:MTOR) have earned a consensus rating of “Buy” from the twelve analysts that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $26.19.
Several equities research analysts recently commented on the stock. BidaskClub upgraded shares of Meritor from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 22nd. UBS upped their price target on shares of Meritor from $19.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Barclays restated an “equal weight” rating and issued a $21.00 price target (up previously from $17.00) on shares of Meritor in a research report on Tuesday, September 12th. Buckingham Research assumed coverage on shares of Meritor in a research report on Tuesday, September 5th. They issued a “buy” rating and a $25.00 price target for the company. Finally, Stifel Nicolaus restated a “buy” rating and issued a $25.00 price target on shares of Meritor in a research report on Tuesday, September 5th.
Meritor (MTOR) traded down $0.19 during mid-day trading on Friday, reaching $24.79. 1,053,971 shares of the company traded hands, compared to its average volume of 1,198,175. The company has a current ratio of 1.10, a quick ratio of 0.78 and a debt-to-equity ratio of 2.55. The firm has a market capitalization of $2,239.39, a price-to-earnings ratio of 13.59 and a beta of 2.34. Meritor has a fifty-two week low of $12.22 and a fifty-two week high of $27.96.
Institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. increased its stake in Meritor by 8.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock valued at $122,000 after buying an additional 596 shares during the period. Meeder Asset Management Inc. increased its stake in Meritor by 123.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 8,352 shares of the auto parts company’s stock valued at $218,000 after buying an additional 4,611 shares during the period. Federated Investors Inc. PA increased its stake in Meritor by 21.2% in the 2nd quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock valued at $141,000 after buying an additional 1,491 shares during the period. AMP Capital Investors Ltd acquired a new position in Meritor in the 3rd quarter valued at approximately $232,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Meritor in the 3rd quarter valued at approximately $232,000. Hedge funds and other institutional investors own 96.31% of the company’s stock.
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Meritor Company Profile
Meritor, Inc is a supplier of a range of integrated systems, modules and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors. The Company’s segments include Commercial Truck & Industrial and Aftermarket & Trailer.
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