Meritor Inc. (MTOR) Given Average Rating of “Hold” by Brokerages
Shares of Meritor Inc. (NYSE:MTOR) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $9.60.
A number of equities analysts have recently issued reports on MTOR shares. Longbow Research set a $14.00 price target on Meritor and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Barclays PLC set a $10.00 price target on Meritor and gave the stock a “hold” rating in a research note on Tuesday, November 8th. Zacks Investment Research upgraded Meritor from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Finally, Citigroup Inc. raised their price target on Meritor from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th.
Meritor (NYSE:MTOR) opened at 12.21 on Wednesday. The firm has a 50-day moving average price of $10.71 and a 200-day moving average price of $9.45. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 14.82 and a beta of 2.37. Meritor has a 52 week low of $5.69 and a 52 week high of $12.62.
Meritor (NYSE:MTOR) last issued its earnings results on Wednesday, November 16th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. Meritor had a negative return on equity of 24.49% and a net margin of 17.22%. The business had revenue of $728 million for the quarter, compared to the consensus estimate of $747.98 million. During the same period last year, the business posted $0.39 EPS. The company’s revenue was down 14.7% compared to the same quarter last year. Analysts anticipate that Meritor will post $1.44 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its stake in Meritor by 55.9% in the third quarter. BNP Paribas Arbitrage SA now owns 9,835 shares of the company’s stock worth $109,000 after buying an additional 3,526 shares in the last quarter. Bank of Montreal Can boosted its stake in Meritor by 71.6% in the third quarter. Bank of Montreal Can now owns 11,137 shares of the company’s stock worth $124,000 after buying an additional 4,646 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Meritor by 1.8% in the third quarter. Principal Financial Group Inc. now owns 11,796 shares of the company’s stock worth $131,000 after buying an additional 206 shares in the last quarter. Springbok Capital Management LLC boosted its stake in Meritor by 8.7% in the first quarter. Springbok Capital Management LLC now owns 12,500 shares of the company’s stock worth $101,000 after buying an additional 1,000 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Meritor during the third quarter worth approximately $156,000. 88.83% of the stock is currently owned by institutional investors and hedge funds.
Meritor Company Profile
Meritor, Inc is engaged in the development, manufacture, sale, assembly, distribution, import and export of movement control systems for buses, trailers and trucks and their parts and components. It serves commercial truck, trailer, bus and coach and off-highway machinery manufacturers. The Company’s segments include commercial truck and industrial, and aftermarket and trailer.
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