Meritor Inc (MTOR) Given Consensus Recommendation of “Buy” by Analysts

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.

Several hedge funds and other institutional investors have recently bought and sold shares of MTOR. Ameritas Investment Partners Inc. boosted its position in shares of Meritor by 8.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock valued at $122,000 after acquiring an additional 596 shares during the last quarter. Federated Investors Inc. PA boosted its position in shares of Meritor by 21.2% during the 2nd quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock valued at $141,000 after acquiring an additional 1,491 shares during the last quarter. Amalgamated Bank boosted its position in shares of Meritor by 2.7% during the 2nd quarter. Amalgamated Bank now owns 10,624 shares of the auto parts company’s stock valued at $176,000 after acquiring an additional 281 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Meritor by 123.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 8,352 shares of the auto parts company’s stock valued at $218,000 after acquiring an additional 4,611 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Meritor during the 2nd quarter valued at $226,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

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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About Meritor

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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