Meritor (NYSE:MTOR) received a $32.00 target price from Stifel Nicolaus in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the auto parts company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 25.74% from the company’s previous close.

MTOR has been the subject of a number of other reports. Piper Jaffray Companies raised shares of Meritor from an “underweight” rating to an “overweight” rating and set a $30.00 target price for the company in a research note on Friday, December 8th. UBS Group increased their price objective on shares of Meritor from $19.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, October 19th. Royal Bank of Canada reduced their price objective on shares of Meritor from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, November 16th. Barclays set a $22.00 price objective on shares of Meritor and gave the stock a “hold” rating in a research note on Friday, October 20th. Finally, Zacks Investment Research downgraded shares of Meritor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Four investment 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 stock has an average rating of “Buy” and a consensus price target of $28.95.

Meritor (NYSE:MTOR) traded down $0.37 on Friday, hitting $25.45. 818,825 shares of the company were exchanged, compared to its average volume of 1,353,993. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.69 and a current ratio of 1.17. Meritor has a 1-year low of $14.97 and a 1-year high of $29.54. The company has a market cap of $2,473.09, a PE ratio of 8.57 and a beta of 2.45.

Meritor (NYSE:MTOR) last announced its earnings results on Wednesday, January 31st. The auto parts company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.16. The firm had revenue of $903.00 million during the quarter, compared to analyst estimates of $836.28 million. Meritor had a net margin of 7.69% and a return on equity of 208.74%. The company’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 EPS. research analysts predict that Meritor will post 2.7 earnings per share for the current year.

In other Meritor news, CEO Jeffrey A. Craig sold 22,368 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $23.38, for a total value of $522,963.84. Following the transaction, the chief executive officer now directly owns 477,310 shares of the company’s stock, valued at approximately $11,159,507.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Craig sold 50,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $29.12, for a total transaction of $1,456,000.00. Following the completion of the transaction, the chief executive officer now directly owns 427,310 shares in the company, valued at $12,443,267.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 214,290 shares of company stock worth $5,520,211. Insiders own 2.32% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in MTOR. Ameritas Investment Partners Inc. increased its holdings in shares of Meritor by 8.8% during the second quarter. Ameritas Investment Partners Inc. now owns 7,355 shares of the auto parts company’s stock worth $122,000 after purchasing an additional 596 shares during the period. Amalgamated Bank boosted its position in Meritor by 2.7% in the second quarter. Amalgamated Bank now owns 10,624 shares of the auto parts company’s stock valued at $176,000 after buying an additional 281 shares in the last quarter. Meeder Asset Management Inc. boosted its position in Meritor by 123.3% in the third quarter. Meeder Asset Management Inc. now owns 8,352 shares of the auto parts company’s stock valued at $218,000 after buying an additional 4,611 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Meritor in the second quarter valued at approximately $226,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Meritor in the third quarter valued at approximately $232,000. 98.37% of the stock is currently owned by institutional investors.

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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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