Meritor Inc (MTOR) Receives $26.61 Consensus Target Price from Brokerages
Shares of Meritor Inc (NYSE:MTOR) have received an average rating of “Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $26.61.
A number of research firms have recently weighed in on MTOR. Longbow Research lowered Meritor from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. Barclays set a $22.00 price target on Meritor and gave the stock a “hold” rating in a report on Friday, October 20th. UBS Group lifted their price target on Meritor from $19.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Royal Bank of Canada dropped their price target on Meritor from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, November 16th. Finally, Zacks Investment Research lowered Meritor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 22nd.
In other Meritor news, SVP Chris Villavarayan sold 14,053 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $24.64, for a total value of $346,265.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin Nowlan sold 17,977 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $24.64, for a total value of $442,953.28. The disclosure for this sale can be found here. Insiders have sold 146,290 shares of company stock worth $3,549,231 over the last quarter. 2.32% of the stock is currently owned by corporate insiders.
Meritor (NYSE:MTOR) traded down $0.05 during mid-day trading on Friday, hitting $23.97. The stock had a trading volume of 710,200 shares, compared to its average volume of 797,521. Meritor has a 52 week low of $13.53 and a 52 week 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. The company has a market capitalization of $2,130.00, a price-to-earnings ratio of 6.59 and a beta of 2.29.
Meritor (NYSE:MTOR) last posted its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.15. Meritor had a negative return on equity of 1,152.54% and a net margin of 9.68%. The company had revenue of $922.00 million for the quarter, compared to analyst estimates of $836.39 million. During the same quarter last year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. research analysts expect that Meritor will post 2.43 EPS for the current year.
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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