Meritor, Inc. (MTOR) PT Lowered to $30.00
Meritor, Inc. (NYSE:MTOR) had its target price decreased by analysts at Royal Bank Of Canada from $32.00 to $30.00 in a report issued on Thursday. The brokerage currently has an “outperform” rating on the auto parts company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 25.68% from the company’s current price.
A number of other research analysts also recently commented on the company. Barclays PLC set a $22.00 target price on Meritor and gave the stock a “hold” rating in a report on Friday, October 20th. UBS AG increased their target price on Meritor from $19.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Longbow Research downgraded Meritor from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. BidaskClub raised Meritor from a “buy” rating to a “strong-buy” rating in a report on Friday, September 22nd. Finally, KeyCorp reissued a “buy” rating and issued a $37.00 price target (up previously from $23.00) on shares of Meritor in a report on Tuesday, September 19th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.75.
Meritor (MTOR) opened at $23.87 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of -19.50. Meritor has a 1-year low of $12.18 and a 1-year high of $27.96. The company has a market capitalization of $2,100.00, a P/E ratio of 16.32 and a beta of 2.34.
Meritor (NYSE:MTOR) last released its earnings results on Wednesday, November 15th. The auto parts company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.15. Meritor had a negative return on equity of 106.67% and a net margin of 17.03%. The company had revenue of $922.00 million for the quarter, compared to the consensus estimate of $836.39 million. During the same quarter last year, the business posted $0.34 EPS. Meritor’s quarterly revenue was up 26.6% compared to the same quarter last year. sell-side analysts expect that Meritor will post 1.72 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: “Meritor, Inc. (MTOR) PT Lowered to $30.00” was reported by Daily Political and is the property of of Daily Political. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/11/17/meritor-inc-mtor-pt-lowered-to-30-00.html.
A number of institutional investors have recently made changes to their positions in MTOR. BlackRock Inc. raised its stake in Meritor by 22,259.3% during the 1st quarter. BlackRock Inc. now owns 5,991,169 shares of the auto parts company’s stock valued at $102,629,000 after acquiring an additional 5,964,374 shares in the last quarter. Rothschild Asset Management Inc. bought a new stake in Meritor during the 3rd quarter valued at $37,927,000. SG Capital Management LLC bought a new stake in Meritor during the 2nd quarter valued at $15,727,000. Russell Investments Group Ltd. raised its stake in Meritor by 340.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 815,739 shares of the auto parts company’s stock valued at $21,218,000 after acquiring an additional 630,702 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Meritor during the 3rd quarter valued at $16,311,000. 93.76% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Meritor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meritor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.