Meritor Inc (NYSE:MTOR) has been assigned an average recommendation of “Buy” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $26.61.
Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Longbow Research lowered shares of Meritor from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. Zacks Investment Research lowered shares of Meritor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Barclays set a $22.00 target price on shares of Meritor and gave the stock a “hold” rating in a report on Friday, October 20th. Finally, Piper Jaffray Companies upgraded Meritor from an “underweight” rating to an “overweight” rating and set a $30.00 price target for the company in a research note on Friday, December 8th.
In other news, SVP Chris Villavarayan sold 4,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $23.53, for a total transaction of $94,120.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey A. Craig sold 67,005 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $24.63, for a total value of $1,650,333.15. The disclosure for this sale can be found here. Insiders sold a total of 146,290 shares of company stock valued at $3,549,231 over the last 90 days. 2.32% of the stock is currently owned by corporate insiders.
Meritor (NYSE MTOR) traded up $0.20 during trading on Friday, reaching $24.02. 444,602 shares of the company traded hands, compared to its average volume of 728,023. The stock has a market cap of $2,124.34, a price-to-earnings ratio of 6.77 and a beta of 2.29. Meritor has a one year low of $13.53 and a one year high of $27.96. The company has a quick ratio of 0.78, a current ratio of 1.10 and a debt-to-equity ratio of 2.55.
Meritor (NYSE:MTOR) last released its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.15. The company had revenue of $922.00 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. analysts predict that Meritor will post 2.43 EPS for the current fiscal year.
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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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