Meritor Inc (MTOR) Receives $30.20 Consensus Target Price from Analysts

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Meritor Inc (NYSE:MTOR) has earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $30.20.

MTOR has been the subject of several recent research reports. TheStreet raised Meritor from a “c+” rating to a “b-” rating in a research report on Friday, August 24th. Stifel Nicolaus set a $29.00 price target on Meritor and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Piper Jaffray Companies reissued a “buy” rating and set a $37.00 price target on shares of Meritor in a research report on Wednesday, August 1st. Barclays raised their price target on Meritor from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 2nd. Finally, ValuEngine raised Meritor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st.

In other news, CEO Jeffrey A. Craig sold 34,678 shares of the firm’s stock in a transaction 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 legal filing with the SEC, which is available at the SEC website. 2.32% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Eqis Capital Management Inc. acquired a new stake in shares of Meritor during the second quarter worth $203,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Meritor during the second quarter worth $252,000. GAM Holding AG acquired a new stake in shares of Meritor during the second quarter worth $253,000. PNC Financial Services Group Inc. boosted 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 worth $269,000 after purchasing an additional 12,879 shares during the last quarter. Finally, First Hawaiian Bank acquired a new stake in shares of Meritor during the third quarter worth $273,000. Institutional investors and hedge funds own 89.61% of the company’s stock.

Meritor stock opened at $16.05 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 2.41. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 8.54 and a beta of 2.44. Meritor has a fifty-two week low of $15.54 and a fifty-two week high of $29.54.

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

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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