Meritor (NYSE:MTOR) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Tuesday.

A number of other research firms have also weighed in on MTOR. Piper Jaffray Companies reissued a “buy” rating and set a $37.00 price objective on shares of Meritor in a research note on Wednesday, August 1st. TheStreet raised Meritor from a “c+” rating to a “b-” rating in a research note on Friday, August 24th. Stifel Nicolaus set a $29.00 price objective on Meritor and gave the company a “buy” rating in a research note on Wednesday, August 1st. Zacks Investment Research lowered Meritor from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 30th. Finally, Barclays increased their price objective on Meritor from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $30.22.

MTOR traded down $0.63 during midday trading on Tuesday, hitting $19.85. The stock had a trading volume of 872,800 shares, compared to its average volume of 1,001,267. The firm has a market cap of $1.80 billion, a P/E ratio of 10.56 and a beta of 2.41. Meritor has a 1 year low of $17.28 and a 1 year high of $29.54. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.15 and a quick ratio of 0.70.

Meritor (NYSE:MTOR) last released its quarterly earnings data on Wednesday, August 1st. The auto parts company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.06 billion. Meritor had a return on equity of 88.32% and a net margin of 8.06%. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. equities analysts anticipate that Meritor will post 2.96 earnings per share for the current year.

In other news, CEO Jeffrey A. Craig sold 34,678 shares of the stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $21.84, for a total transaction of $757,367.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.32% of the company’s stock.

Several institutional investors have recently made changes to their positions in MTOR. Eqis Capital Management Inc. bought a new position in shares of Meritor during the second quarter valued at approximately $203,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Meritor during the second quarter valued at approximately $252,000. GAM Holding AG bought a new position in shares of Meritor during the second quarter valued at approximately $253,000. PNC Financial Services Group Inc. raised its holdings in shares of Meritor by 4,972.6% during the first quarter. PNC Financial Services Group Inc. now owns 13,138 shares of the auto parts company’s stock valued at $269,000 after acquiring an additional 12,879 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd raised its holdings in shares of Meritor by 299.3% during the first quarter. Point72 Asia Hong Kong Ltd now owns 14,534 shares of the auto parts company’s stock valued at $299,000 after acquiring an additional 10,894 shares in the last quarter. Institutional investors own 90.56% of the company’s stock.

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 & Industrial; and Aftermarket & Trailer.

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Analyst Recommendations for Meritor (NYSE:MTOR)

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