Shares of Meritor Inc. (NYSE:MTOR) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $9.20.
Several analysts have issued reports on the company. Longbow Research set a $14.00 price objective on Meritor and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Citigroup Inc. boosted their price objective on Meritor from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. Zacks Investment Research upgraded Meritor from a “sell” rating to a “hold” rating in a report on Friday, August 5th. Finally, Piper Jaffray Cos. downgraded Meritor from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $6.50 to $6.00 in a report on Tuesday, June 28th.
Shares of Meritor (NYSE:MTOR) opened at 10.73 on Wednesday. The firm has a market capitalization of $930.97 million, a PE ratio of 13.02 and a beta of 2.53. The company has a 50 day moving average of $10.93 and a 200 day moving average of $9.11. Meritor has a 52-week low of $5.69 and a 52-week high of $11.70.
Meritor (NYSE:MTOR) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. Meritor had a net margin of 2.35% and a negative return on equity of 25.32%. The firm had revenue of $841 million for the quarter, compared to analysts’ expectations of $841.79 million. During the same period in the previous year, the business earned $0.41 earnings per share. Meritor’s revenue for the quarter was down 7.5% compared to the same quarter last year. On average, analysts anticipate that Meritor will post $1.60 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Springbok Capital Management LLC boosted its position in Meritor by 8.7% in the first quarter. Springbok Capital Management LLC now owns 12,500 shares of the company’s stock valued at $101,000 after buying an additional 1,000 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Meritor by 55.9% in the third quarter. BNP Paribas Arbitrage SA now owns 9,835 shares of the company’s stock valued at $109,000 after buying an additional 3,526 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Meritor by 9.4% in the second quarter. UBS Asset Management Americas Inc. now owns 75,695 shares of the company’s stock valued at $545,000 after buying an additional 6,477 shares during the last quarter. Quantitative Systematic Strategies LLC boosted its stake in shares of Meritor by 39.2% in the second quarter. Quantitative Systematic Strategies LLC now owns 26,396 shares of the company’s stock valued at $185,000 after buying an additional 7,438 shares during the last quarter. Finally, AHL Partners LLP purchased a new stake in shares of Meritor during the second quarter valued at approximately $107,000. 90.92% of the stock is currently owned by institutional investors.
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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