Meritor Inc (NYSE:MTOR) has earned a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $24.30.
Several equities analysts have commented on the company. ValuEngine cut Meritor from a “hold” rating to a “sell” rating in a report on Monday, December 30th. Barclays upped their price target on Meritor from $19.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, December 20th.
Meritor stock traded down $0.17 during trading hours on Thursday, hitting $25.17. The stock had a trading volume of 24,876 shares, compared to its average volume of 2,484,101. The company has a 50-day moving average of $24.63 and a two-hundred day moving average of $21.81. The company has a quick ratio of 0.74, a current ratio of 1.30 and a debt-to-equity ratio of 2.17. The company has a market cap of $1.98 billion, a PE ratio of 6.59 and a beta of 2.29. Meritor has a fifty-two week low of $15.96 and a fifty-two week high of $27.18.
Meritor (NYSE:MTOR) last posted its quarterly earnings results on Wednesday, November 13th. The auto parts company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.68 by $0.15. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Meritor had a return on equity of 78.25% and a net margin of 6.63%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 EPS. As a group, analysts forecast that Meritor will post 2.8 EPS for the current fiscal year.
In other news, CAO Paul Bialy sold 3,465 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $24.73, for a total value of $85,689.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Chris Villavarayan sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $23.47, for a total value of $352,050.00. Following the completion of the transaction, the senior vice president now directly owns 45,115 shares of the company’s stock, valued at $1,058,849.05. The disclosure for this sale can be found here. Over the last three months, insiders sold 250,728 shares of company stock valued at $6,179,082. 3.50% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Bank of Montreal Can grew its position in Meritor by 53.8% during the 2nd quarter. Bank of Montreal Can now owns 12,232 shares of the auto parts company’s stock worth $296,000 after acquiring an additional 4,278 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Meritor during the 2nd quarter worth approximately $1,567,000. Parametric Portfolio Associates LLC grew its position in Meritor by 11.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 364,819 shares of the auto parts company’s stock worth $8,847,000 after acquiring an additional 36,218 shares during the last quarter. APG Asset Management N.V. bought a new stake in Meritor during the 2nd quarter worth approximately $398,000. Finally, Tower Research Capital LLC TRC bought a new stake in Meritor during the 2nd quarter worth approximately $211,000.
Meritor Company Profile
Meritor, Inc designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck; and Aftermarket, Industrial and Trailer.
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