Meritor, Inc. (MTOR) Cut to “Neutral” at Longbow Research

Longbow Research downgraded shares of Meritor, Inc. (NYSE:MTOR) from a buy rating to a neutral rating in a research note published on Thursday morning, Marketbeat Ratings reports.

Several other brokerages have also issued reports on MTOR. Royal Bank Of Canada reiterated a buy rating and issued a $23.00 price target on shares of Meritor in a research note on Monday, September 4th. Zacks Investment Research upgraded Meritor from a hold rating to a buy rating and set a $20.00 price target on the stock in a research note on Tuesday, July 25th. UBS AG reiterated a neutral rating and issued a $19.00 price target (up previously from $18.00) on shares of Meritor in a research note on Thursday, August 3rd. Stifel Nicolaus reiterated a buy rating and issued a $26.00 price target (up previously from $25.00) on shares of Meritor in a research note on Tuesday, September 12th. Finally, J P Morgan Chase & Co lifted their price target on Meritor from $19.00 to $21.50 and gave the company a neutral rating in a research note on Tuesday, September 12th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $24.25.

Meritor (MTOR) traded down 0.58% during trading on Thursday, reaching $25.78. The company’s stock had a trading volume of 1,566,008 shares. Meritor has a 1-year low of $9.84 and a 1-year high of $27.03. The stock has a market cap of $2.28 billion, a P/E ratio of 4.18 and a beta of 2.30. The company’s 50 day moving average price is $23.79 and its 200-day moving average price is $18.71.

Meritor (NYSE:MTOR) last posted its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.20. Meritor had a negative return on equity of 106.67% and a net margin of 17.03%. The firm had revenue of $920.00 million for the quarter, compared to analyst estimates of $846.19 million. During the same quarter last year, the company earned $0.57 EPS. The company’s revenue was up 9.4% on a year-over-year basis. Equities analysts forecast that Meritor will post $1.70 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Meritor, Inc. (MTOR) Cut to “Neutral” at Longbow Research” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/15/meritor-inc-mtor-cut-to-neutral-at-longbow-research.html.

In related news, SVP Robert H. Speed sold 4,192 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $19.23, for a total transaction of $80,612.16. Following the sale, the senior vice president now owns 30,000 shares of the company’s stock, valued at approximately $576,900. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.87% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. acquired a new position in Meritor during the 1st quarter worth about $116,000. New York State Teachers Retirement System lifted its holdings in Meritor by 1.4% during the 1st quarter. New York State Teachers Retirement System now owns 7,300 shares of the auto parts company’s stock worth $125,000 after buying an additional 100 shares during the period. Federated Investors Inc. PA lifted its holdings in Meritor by 21.2% during the 2nd quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock worth $141,000 after buying an additional 1,491 shares during the period. Amalgamated Bank lifted its holdings

Several other brokerages have also issued reports on MTOR. Royal Bank Of Canada reiterated a buy rating and issued a $23.00 price target on shares of Meritor in a research note on Monday, September 4th. Zacks Investment Research upgraded Meritor from a hold rating to a buy rating and set a $20.00 price target on the stock in a research note on Tuesday, July 25th. UBS AG reiterated a neutral rating and issued a $19.00 price target (up previously from $18.00) on shares of Meritor in a research note on Thursday, August 3rd. Stifel Nicolaus reiterated a buy rating and issued a $26.00 price target (up previously from $25.00) on shares of Meritor in a research note on Tuesday, September 12th. Finally, J P Morgan Chase & Co lifted their price target on Meritor from $19.00 to $21.50 and gave the company a neutral rating in a research note on Tuesday, September 12th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $24.25.

Meritor (MTOR) traded down 0.58% during trading on Thursday, reaching $25.78. The company’s stock had a trading volume of 1,566,008 shares. Meritor has a 1-year low of $9.84 and a 1-year high of $27.03. The stock has a market cap of $2.28 billion, a P/E ratio of 4.18 and a beta of 2.30. The company’s 50 day moving average price is $23.79 and its 200-day moving average price is $18.71.

Meritor (NYSE:MTOR) last posted its quarterly earnings data on Wednesday, August 2nd. The auto parts company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.20. Meritor had a negative return on equity of 106.67% and a net margin of 17.03%. The firm had revenue of $920.00 million for the quarter, compared to analyst estimates of $846.19 million. During the same quarter last year, the company earned $0.57 EPS. The company’s revenue was up 9.4% on a year-over-year basis. Equities analysts forecast that Meritor will post $1.70 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Meritor, Inc. (MTOR) Cut to “Neutral” at Longbow Research” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/15/meritor-inc-mtor-cut-to-neutral-at-longbow-research.html.

In related news, SVP Robert H. Speed sold 4,192 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $19.23, for a total transaction of $80,612.16. Following the sale, the senior vice president now owns 30,000 shares of the company’s stock, valued at approximately $576,900. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.87% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. acquired a new position in Meritor during the 1st quarter worth about $116,000. New York State Teachers Retirement System lifted its holdings in Meritor by 1.4% during the 1st quarter. New York State Teachers Retirement System now owns 7,300 shares of the auto parts company’s stock worth $125,000 after buying an additional 100 shares during the period. Federated Investors Inc. PA lifted its holdings in Meritor by 21.2% during the 2nd quarter. Federated Investors Inc. PA now owns 8,512 shares of the auto parts company’s stock worth $141,000 after buying an additional 1,491 shares during the period. Amalgamated Bank lifted its holdings in Meritor by 2.7% during the 2nd quarter. Amalgamated Bank now owns 10,624 shares of the auto parts company’s stock worth $176,000 after buying an additional 281 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new position in Meritor during the 2nd quarter worth about $186,000. 93.23% of the stock is currently owned by hedge funds and other institutional investors.

About Meritor

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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