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.

Meritor (NYSE:MTOR) last issued its quarterly earnings results on Wednesday, November 15th. The auto parts company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.15. The business had revenue of $922.00 million during the quarter, compared to the consensus estimate of $836.39 million. Meritor had a net margin of 9.68% and a negative return on equity of 1,152.54%. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 EPS. equities analysts forecast that Meritor will post 2.4 earnings per share for the current year.

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.

Analyst Recommendations for Meritor (NYSE:MTOR)

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