Meritor, Inc. (NYSE:MTOR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Meritor, Inc. (NYSE:MTORGet Rating) have received an average rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $31.33.

Several equities analysts have recently issued reports on MTOR shares. Citigroup lowered Meritor from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $34.00 to $36.50 in a research report on Tuesday, March 1st. StockNews.com initiated coverage on Meritor in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Royal Bank of Canada lowered Meritor from an “outperform” rating to a “sector perform” rating and set a $36.50 target price for the company. in a research report on Wednesday, February 23rd. Finally, Barclays decreased their target price on Meritor from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, January 27th.

Meritor stock traded up $0.15 on Friday, hitting $36.09. 1,485,984 shares of the stock traded hands, compared to its average volume of 1,427,207. The company has a current ratio of 1.40, a quick ratio of 0.79 and a debt-to-equity ratio of 1.42. The firm has a market cap of $2.56 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 0.59 and a beta of 1.63. The business’s fifty day simple moving average is $35.76 and its 200 day simple moving average is $29.96. Meritor has a 1 year low of $20.50 and a 1 year high of $36.28.

Meritor (NYSE:MTORGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The auto parts company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.07 billion. Meritor had a return on equity of 34.85% and a net margin of 5.37%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. As a group, analysts predict that Meritor will post 3.63 earnings per share for the current year.

In related news, CFO Carl Douglas Anderson II sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $35.62, for a total transaction of $356,200.00. Following the completion of the transaction, the chief financial officer now directly owns 38,127 shares in the company, valued at approximately $1,358,083.74. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its holdings in shares of Meritor by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 34,400 shares of the auto parts company’s stock worth $1,244,000 after acquiring an additional 400 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of Meritor by 1.5% during the 1st quarter. Maryland State Retirement & Pension System now owns 28,372 shares of the auto parts company’s stock worth $1,009,000 after acquiring an additional 409 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Meritor by 0.5% during the 4th quarter. California State Teachers Retirement System now owns 96,738 shares of the auto parts company’s stock worth $2,397,000 after acquiring an additional 475 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Meritor by 2.7% during the 1st quarter. Bank of Montreal Can now owns 19,243 shares of the auto parts company’s stock worth $686,000 after acquiring an additional 499 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Meritor by 9.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 6,136 shares of the auto parts company’s stock worth $152,000 after acquiring an additional 520 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors.

Meritor Company Profile (Get Rating)

Meritor, Inc designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components in North America, South America, Europe, and the Asia Pacific. It operates through two segments, Commercial Truck, and Aftermarket and Industrial. The company offers axles, including front steer and rear drive axles for medium- and heavy-duty commercial vehicles; heavy-duty trailer axles; suspension modules and brake products comprising drum and disc brakes; universal joints and driveline components; trailer air suspension systems and products; transfer cases and drivelines; and advanced suspension modules for use in light-, medium- and heavy-duty military tactical wheeled vehicles.

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