Meritor Inc (NYSE:MTOR) has been assigned a consensus rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $24.18.

A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Meritor from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research note on Thursday, August 1st. UBS Group reduced their target price on shares of Meritor from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday. ValuEngine cut shares of Meritor from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th. Citigroup reduced their price objective on shares of Meritor from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, August 26th. Finally, Buckingham Research reduced their price objective on shares of Meritor from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 16th.

In other Meritor news, SVP Boise April Miller sold 31,830 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $17.38, for a total value of $553,205.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. NumerixS Investment Technologies Inc bought a new stake in Meritor in the 1st quarter valued at $122,000. ICM Asset Management Inc. WA grew its holdings in shares of Meritor by 0.3% in the 2nd quarter. ICM Asset Management Inc. WA now owns 222,730 shares of the auto parts company’s stock worth $5,401,000 after purchasing an additional 730 shares during the last quarter. Origin Asset Management LLP bought a new stake in shares of Meritor in the 1st quarter worth about $273,000. Federated Investors Inc. PA grew its holdings in shares of Meritor by 11,709.3% in the 1st quarter. Federated Investors Inc. PA now owns 413,324 shares of the auto parts company’s stock worth $8,411,000 after purchasing an additional 409,824 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Meritor by 241.2% in the 1st quarter. Acadian Asset Management LLC now owns 51,552 shares of the auto parts company’s stock worth $1,049,000 after purchasing an additional 36,445 shares during the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

NYSE MTOR traded up $0.73 during trading on Friday, reaching $20.26. The company’s stock had a trading volume of 11,432 shares, compared to its average volume of 727,938. The company has a current ratio of 1.25, a quick ratio of 0.76 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $1.61 billion, a PE ratio of 6.67 and a beta of 2.32. The business has a 50-day moving average price of $19.26 and a 200-day moving average price of $21.55. Meritor has a 1-year low of $15.01 and a 1-year high of $25.78.

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

About Meritor

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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