Stifel Nicolaus reaffirmed their buy rating on shares of Meritor (NYSE:MTOR) in a report released on Sunday morning. Stifel Nicolaus currently has a $24.00 price target on the auto parts company’s stock.

A number of other equities research analysts have also issued reports on the company. Barclays reiterated a hold rating and issued a $21.00 target price on shares of Meritor in a research note on Sunday. Citigroup lowered their target price on Meritor from $26.00 to $21.00 and set a neutral rating for the company in a research note on Thursday. Piper Jaffray Companies reiterated a buy rating on shares of Meritor in a research note on Thursday. Zacks Investment Research lowered Meritor from a hold rating to a sell rating in a research note on Wednesday, October 24th. Finally, ValuEngine lowered Meritor from a sell rating to a strong sell rating in a research note on Tuesday, September 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $27.17.

Shares of MTOR stock traded up $0.04 during trading hours on Friday, reaching $17.03. The company had a trading volume of 1,700 shares, compared to its average volume of 1,184,417. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.70 and a current ratio of 1.15. Meritor has a twelve month low of $15.01 and a twelve month high of $29.54. The firm has a market cap of $1.47 billion, a P/E ratio of 5.58 and a beta of 2.53.

Meritor (NYSE:MTOR) last posted its earnings results on Wednesday, November 14th. The auto parts company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. Meritor had a return on equity of 94.31% and a net margin of 2.80%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm earned $0.62 earnings per share. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, equities research analysts predict that Meritor will post 3.22 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. TIAA CREF Investment Management LLC grew its position in shares of Meritor by 179.4% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 521,268 shares of the auto parts company’s stock worth $10,092,000 after acquiring an additional 334,730 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Meritor by 12.0% in the 3rd quarter. Teachers Advisors LLC now owns 1,010,587 shares of the auto parts company’s stock worth $19,565,000 after acquiring an additional 108,206 shares in the last quarter. Summit Global Investments grew its position in shares of Meritor by 12.9% in the 3rd quarter. Summit Global Investments now owns 34,900 shares of the auto parts company’s stock worth $676,000 after acquiring an additional 4,000 shares in the last quarter. MetLife Investment Advisors LLC grew its position in shares of Meritor by 58.5% in the 3rd quarter. MetLife Investment Advisors LLC now owns 59,143 shares of the auto parts company’s stock worth $1,145,000 after acquiring an additional 21,822 shares in the last quarter. Finally, Verition Fund Management LLC grew its position in shares of Meritor by 28.8% in the 3rd quarter. Verition Fund Management LLC now owns 54,972 shares of the auto parts company’s stock worth $1,064,000 after acquiring an additional 12,300 shares in the last quarter. Institutional investors own 86.04% of the company’s stock.

About Meritor

Meritor, Inc designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck & Industrial; and Aftermarket & Trailer.

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Analyst Recommendations for Meritor (NYSE:MTOR)

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