Meritor (NYSE:MTOR) had its price objective raised by research analysts at Stifel Nicolaus from $31.00 to $33.00 in a note issued to investors on Thursday, MarketBeat reports. The firm currently has a “buy” rating on the auto parts company’s stock. Stifel Nicolaus’ price target points to a potential upside of 16.94% from the company’s previous close.

A number of other brokerages have also recently weighed in on MTOR. Piper Jaffray Companies reissued a “buy” rating and issued a $35.00 price target on shares of Meritor in a research note on Wednesday. Zacks Investment Research raised Meritor from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday. Longbow Research cut Meritor from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Barclays set a $22.00 price target on Meritor and gave the stock a “hold” rating in a research note on Friday, October 20th. Finally, UBS Group raised their price objective on Meritor from $19.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $29.05.

Meritor (NYSE MTOR) opened at $28.22 on Thursday. The firm has a market capitalization of $2,432.91 and a PE ratio of 9.50. Meritor has a 12 month low of $14.86 and a 12 month high of $29.54. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.10 and a quick ratio of 0.78.

Meritor (NYSE:MTOR) last issued its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.16. The firm had revenue of $903.00 million for the quarter, compared to analysts’ expectations of $836.28 million. Meritor had a return on equity of 483.33% and a net margin of 7.69%. Meritor’s revenue was up 29.2% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. analysts expect that Meritor will post 2.52 earnings per share for the current fiscal year.

In other news, CFO Kevin Nowlan sold 17,977 shares of Meritor stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $24.64, for a total transaction of $442,953.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Paul Bialy sold 2,191 shares of Meritor stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $24.64, for a total value of $53,986.24. The disclosure for this sale can be found here. Insiders have sold a total of 146,290 shares of company stock valued at $3,549,231 over the last 90 days. Corporate insiders own 2.32% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Rothschild Asset Management Inc. acquired a new stake in shares of Meritor during the 3rd quarter valued at about $37,927,000. BlackRock Inc. lifted its holdings in shares of Meritor by 2.4% during the 2nd quarter. BlackRock Inc. now owns 6,132,756 shares of the auto parts company’s stock valued at $101,865,000 after buying an additional 141,587 shares during the last quarter. Rosenblum Silverman Sutton S F Inc. CA acquired a new stake in shares of Meritor during the 3rd quarter valued at about $1,135,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Meritor during the 2nd quarter valued at about $1,452,000. Finally, Royal Bank of Canada lifted its holdings in shares of Meritor by 32.3% during the 2nd quarter. Royal Bank of Canada now owns 123,546 shares of the auto parts company’s stock valued at $2,053,000 after buying an additional 30,194 shares during the last quarter. Institutional investors and hedge funds own 96.76% of the company’s stock.

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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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