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.

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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.

Analyst Recommendations for Meritor (NYSE:MTOR)

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