Meritor Inc (NYSE:MTOR) has received a consensus rating of “Buy” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $29.05.
A number of research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Meritor from $31.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Barclays lifted their price objective on shares of Meritor from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. ValuEngine upgraded shares of Meritor from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Piper Jaffray Companies reissued a “buy” rating and set a $35.00 price target on shares of Meritor in a research report on Wednesday, January 31st. Finally, Zacks Investment Research raised shares of Meritor from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday, January 31st.
Shares of Meritor (MTOR) traded down $0.42 during midday trading on Friday, hitting $22.55. 364,424 shares of the stock were exchanged, compared to its average volume of 1,458,715. The firm has a market capitalization of $1,974.55, a PE ratio of 9.93 and a beta of 2.48. Meritor has a 52-week low of $14.97 and a 52-week high of $29.54. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.17 and a quick ratio of 0.69.
In other Meritor news, CEO Jeffrey A. Craig sold 155,000 shares of Meritor stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $26.21, for a total value of $4,062,550.00. Following the sale, the chief executive officer now owns 425,310 shares of the company’s stock, valued at $11,147,375.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Joseph A. Plomin sold 15,826 shares of Meritor stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $25.64, for a total transaction of $405,778.64. The disclosure for this sale can be found here. Insiders have sold 238,826 shares of company stock worth $6,439,309 over the last three months. 2.32% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the business. Schroder Investment Management Group bought a new stake in Meritor in the fourth quarter worth about $136,000. Campbell & CO Investment Adviser LLC bought a new stake in Meritor in the third quarter worth about $232,000. AMP Capital Investors Ltd bought a new stake in Meritor in the third quarter worth about $232,000. Barings LLC bought a new stake in Meritor in the third quarter worth about $273,000. Finally, Caxton Associates LP bought a new stake in Meritor in the third quarter worth about $297,000. 93.65% of the stock is currently owned by institutional investors and hedge funds.
Meritor Company Profile
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.
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