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.

Meritor (NYSE:MTOR) last announced its earnings results on Wednesday, January 31st. The auto parts company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.16. Meritor had a net margin of 7.69% and a return on equity of 208.74%. The business had revenue of $903.00 million during the quarter, compared to the consensus estimate of $836.28 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was up 29.2% compared to the same quarter last year. research analysts expect that Meritor will post 2.7 EPS for the current fiscal year.

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.

Analyst Recommendations for Meritor (NYSE:MTOR)

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