Meritor Inc (MTOR) Given Average Recommendation of “Buy” by Brokerages

Meritor Inc (NYSE:MTOR) has been given an average recommendation of “Buy” by the thirteen brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $29.05.

MTOR has been the topic of several recent research reports. Royal Bank of Canada dropped their target price on shares of Meritor from $32.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, November 16th. Zacks Investment Research lowered shares of Meritor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. ValuEngine raised shares of Meritor from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Piper Jaffray Companies raised shares of Meritor from an “underweight” rating to an “overweight” rating and set a $30.00 price objective for the company in a research report on Friday, December 8th. Finally, Longbow Research raised shares of Meritor from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th.

In other Meritor news, VP Paul Bialy sold 2,191 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $24.64, for a total value of $53,986.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey A. Craig sold 67,005 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $24.63, for a total value of $1,650,333.15. The disclosure for this sale can be found here. Insiders sold a total of 214,290 shares of company stock worth $5,520,211 in the last 90 days. 2.32% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Rothschild Asset Management Inc. purchased a new position in shares of Meritor during the 3rd quarter worth $37,927,000. BlackRock Inc. raised 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 worth $101,865,000 after acquiring an additional 141,587 shares during the period. Rosenblum Silverman Sutton S F Inc. CA purchased a new position in shares of Meritor during the 3rd quarter worth $1,135,000. Piedmont Investment Advisors LLC purchased a new position in shares of Meritor during the 2nd quarter worth $1,452,000. Finally, Hennessy Advisors Inc. raised its holdings in shares of Meritor by 480.4% during the 4th quarter. Hennessy Advisors Inc. now owns 1,415,600 shares of the auto parts company’s stock worth $33,210,000 after acquiring an additional 1,171,700 shares during the period. Institutional investors own 92.91% of the company’s stock.

Meritor (NYSE MTOR) traded down $0.34 during midday trading on Wednesday, hitting $25.68. 1,610,200 shares of the stock were exchanged, compared to its average volume of 1,460,445. The company has a current ratio of 1.17, a quick ratio of 0.69 and a debt-to-equity ratio of 2.86. The company has a market capitalization of $2,290.26, a PE ratio of 8.65 and a beta of 2.45. Meritor has a 12-month low of $14.97 and a 12-month high of $29.54.

Meritor (NYSE:MTOR) last issued its earnings results on Wednesday, January 31st. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.16. Meritor had a net margin of 7.69% and a return on equity of 208.74%. The company had revenue of $903.00 million for the quarter, compared to analysts’ expectations of $836.28 million. During the same period in the prior year, the business earned $0.25 EPS. The firm’s quarterly revenue was up 29.2% on a year-over-year basis. research analysts forecast that Meritor will post 2.7 earnings per share for the current year.

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About Meritor

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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