Meritor (MTOR) Given a $32.00 Price Target at Stifel Nicolaus
Meritor (NYSE:MTOR) has been given a $32.00 price target by stock analysts at Stifel Nicolaus in a report issued on Friday. The firm currently has a “buy” rating on the auto parts company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 21.53% from the stock’s current price.
Other research analysts have also recently issued reports about the stock. Buckingham Research increased their price target on shares of Meritor from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Piper Jaffray Companies reissued a “buy” rating and set a $35.00 price target on shares of Meritor in a report on Wednesday, January 31st. Zacks Investment Research raised shares of Meritor from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Wednesday, January 31st. Longbow Research raised shares of Meritor from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Finally, Barclays increased their price target on shares of Meritor from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Meritor presently has an average rating of “Buy” and a consensus price target of $28.95.
Shares of Meritor (NYSE:MTOR) opened at $26.33 on Friday. Meritor has a 12 month low of $14.97 and a 12 month high of $29.54. The firm has a market cap of $2,348.24, a PE ratio of 11.81 and a beta of 2.45. The company has a current ratio of 1.17, a quick ratio of 0.69 and a debt-to-equity ratio of 2.86.
In other Meritor news, CFO Kevin Nowlan sold 17,977 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $24.64, for a total value of $442,953.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey A. Craig sold 50,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $29.12, for a total transaction of $1,456,000.00. Following the completion of the transaction, the chief executive officer now directly owns 427,310 shares of the company’s stock, valued at $12,443,267.20. The disclosure for this sale can be found here. Insiders have sold 214,290 shares of company stock valued at $5,520,211 over the last three months. 2.32% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Schroder Investment Management Group purchased a new position in Meritor in the fourth quarter valued at about $136,000. Ameritas Investment Partners Inc. increased its holdings in Meritor by 8.8% in the second 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 in the last quarter. Meeder Asset Management Inc. increased its holdings in Meritor by 123.3% in the third 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 in the last quarter. AMP Capital Investors Ltd purchased a new position in Meritor in the third quarter valued at about $232,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Meritor in the third quarter valued at about $232,000. 98.37% of the stock is owned by institutional investors.
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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.
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