Meritor Inc (NYSE:MTOR) has received a consensus recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $24.25.

Several analysts have recently weighed in on the company. ValuEngine upgraded Meritor from a “sell” rating to a “hold” rating in a research report on Thursday. Barclays reaffirmed a “hold” rating and issued a $19.00 price target on shares of Meritor in a research report on Sunday, January 6th. KeyCorp assumed coverage on Meritor in a research note on Monday, December 10th. They issued a “sector weight” rating on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $24.00 target price on shares of Meritor in a research note on Sunday, November 18th. Finally, Citigroup cut their price target on Meritor from $26.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, November 15th.

In related news, CEO Jeffrey A. Craig sold 242,358 shares of Meritor stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $16.07, for a total transaction of $3,894,693.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Paul Bialy sold 2,697 shares of Meritor stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $16.06, for a total transaction of $43,313.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 333,133 shares of company stock valued at $5,355,182. 2.80% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Stone Ridge Asset Management LLC bought a new stake in shares of Meritor in the 3rd quarter worth approximately $198,000. Meeder Asset Management Inc. grew its stake in shares of Meritor by 559.6% during the third quarter. Meeder Asset Management Inc. now owns 11,049 shares of the auto parts company’s stock worth $212,000 after acquiring an additional 9,374 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Meritor in the second quarter valued at approximately $252,000. GAM Holding AG purchased a new stake in Meritor in the 2nd quarter valued at $253,000. Finally, First Hawaiian Bank acquired a new stake in Meritor in the 3rd quarter valued at about $273,000. Hedge funds and other institutional investors own 89.89% of the company’s stock.

Shares of NYSE:MTOR traded up $0.05 on Friday, reaching $18.49. 27,791 shares of the company’s stock were exchanged, compared to its average volume of 1,104,909. The firm has a market cap of $1.54 billion, a PE ratio of 6.07 and a beta of 1.98. The company has a quick ratio of 0.69, a current ratio of 1.13 and a debt-to-equity ratio of 2.30. Meritor has a twelve month low of $15.01 and a twelve month high of $29.54.

Meritor (NYSE:MTOR) last posted its quarterly earnings results on Wednesday, November 14th. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Meritor had a net margin of 2.80% and a return on equity of 92.31%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 earnings per share. On average, research analysts expect that Meritor will post 3.18 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 & Trailer; and Aftermarket & Industrial.

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Analyst Recommendations for Meritor (NYSE:MTOR)

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