Shares of Meritor Inc (NYSE:MTOR) have earned a consensus rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $24.18.

Several research analysts have commented on MTOR shares. Zacks Investment Research raised shares of Meritor from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a report on Thursday, August 1st. UBS Group dropped their price objective on shares of Meritor from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Buckingham Research dropped their price objective on shares of Meritor from $33.00 to $30.00 and set a “buy” rating for the company in a report on Friday, August 16th. Citigroup dropped their price objective on shares of Meritor from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Monday, August 26th. Finally, ValuEngine downgraded shares of Meritor from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 4th.

In other news, SVP Boise April Miller sold 31,830 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $17.38, for a total transaction of $553,205.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.80% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in MTOR. Meeder Asset Management Inc. raised its position in shares of Meritor by 124.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,433 shares of the auto parts company’s stock valued at $35,000 after buying an additional 794 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in Meritor in the 2nd quarter worth about $77,000. New York State Teachers Retirement System purchased a new stake in Meritor in the 1st quarter worth about $98,000. Anderson Fisher LLC purchased a new stake in Meritor in the 1st quarter worth about $107,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Meritor by 16.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,739 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 686 shares during the period. Hedge funds and other institutional investors own 95.65% of the company’s stock.

Meritor stock traded down $0.13 during mid-day trading on Friday, hitting $18.64. The stock had a trading volume of 25,390 shares, compared to its average volume of 702,433. The firm has a market capitalization of $1.61 billion, a P/E ratio of 6.15 and a beta of 2.32. The company has a current ratio of 1.25, a quick ratio of 0.76 and a debt-to-equity ratio of 1.44. The firm’s 50 day moving average is $18.67 and its 200 day moving average is $21.45. Meritor has a one year low of $15.01 and a one year high of $25.78.

Meritor (NYSE:MTOR) last released its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.95 by $0.25. Meritor had a net margin of 6.31% and a return on equity of 83.77%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The business’s revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts forecast that Meritor will post 3.72 earnings per share for the current year.

About Meritor

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; and Aftermarket, Industrial and Trailer.

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Analyst Recommendations for Meritor (NYSE:MTOR)

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