Meritor (NYSE:MTOR) had its price target decreased by Buckingham Research from $33.00 to $30.00 in a report released on Friday, BenzingaRatingsTable reports. Buckingham Research currently has a buy rating on the auto parts company’s stock.

Several other equities analysts have also issued reports on the company. Stifel Nicolaus set a $29.00 price target on Meritor and gave the stock a buy rating in a research report on Thursday, May 2nd. Longbow Research lowered Meritor from a buy rating to a neutral rating and set a $23.42 price target on the stock. in a research report on Monday, May 6th. ValuEngine lowered Meritor from a hold rating to a sell rating in a research report on Thursday, August 8th. Finally, Zacks Investment Research upgraded Meritor from a hold rating to a strong-buy rating and set a $26.00 price target on the stock in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $26.18.

Shares of NYSE MTOR traded up $0.58 during trading hours on Friday, reaching $17.98. 878,500 shares of the stock traded hands, compared to its average volume of 813,998. The company has a market capitalization of $1.48 billion, a P/E ratio of 5.93 and a beta of 2.22. The company has a quick ratio of 0.76, a current ratio of 1.25 and a debt-to-equity ratio of 1.44. Meritor has a 52-week low of $15.01 and a 52-week high of $25.78. The company’s 50-day simple moving average is $22.34 and its two-hundred day simple moving average is $22.04.

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

Hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. grew its position in shares of Meritor by 124.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,433 shares of the auto parts company’s stock worth $35,000 after buying an additional 794 shares during the last quarter. Quantamental Technologies LLC grew its position in shares of Meritor by 84.1% in the 1st quarter. Quantamental Technologies LLC now owns 2,629 shares of the auto parts company’s stock worth $54,000 after buying an additional 1,201 shares during the last quarter. Investors Research Corp bought a new stake in shares of Meritor in the 1st quarter worth approximately $60,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Meritor in the 2nd quarter worth approximately $77,000. Finally, Advisors Preferred LLC bought a new stake in shares of Meritor in the 1st quarter worth approximately $76,000. Hedge funds and other institutional investors own 96.51% 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; and Aftermarket, Industrial and Trailer.

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Analyst Recommendations for Meritor (NYSE:MTOR)

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