Scopus Asset Management Lp reported 0.31% of its portfolio in Meritor Inc (NYSE:MTOR). They now have a $23.00 price objective on the auto parts company's stock.
Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 0.4, and a price to sales ratio of 1.12.
A number of other equities research analysts have also issued reports on MTOR. Barclays Capital maintained Meritor Inc (NYSE:MTOR) on Wednesday, November 23 with "Equal-Weight" rating. They issued an outperform rating and a $22.00 price target on the stock. Stifel Nicolaus set a $25.00 price objective on Meritor and gave the company a "buy" rating in a research report on Wednesday, August 2nd.
Among 9 analysts covering Meritor (NYSE:MTOR), 5 have Buy rating, 1 Sell and 3 Hold.
On September 5 analysts at Buckingham added the stock to its research portfolio giving it an initial rating of "Buy". The stock presently has a consensus rating of "Buy" and a consensus price target of $21.81. The Connecticut-based Wexford Cap L P has invested 0.02% in Meritor Inc (NYSE:MTOR). Savings Bank Of Mellon Corp reported 1.12M shares.
The stock of Meritor Inc (NYSE:MTOR) hit a new 52-week high and has $21.89 target or 6.00 % above today's $20.65 share price. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 3.42 and a beta of 2.21.
Meritor, Inc. has a 12 month low of $6.21 and a 12 month high of $15.90.
Meritor (NYSE:MTOR) last issued its earnings results on Wednesday, February 1st. In the latest earnings report the EPS was $6.16 and is estimated to be $1.69 for the current year with 88,565,000 shares now outstanding. The company had revenue of $699 million for the quarter, compared to analysts' expectations of $721.43 million. Meritor had a negative return on equity of 36.22% and a net margin of 17.48%. The company's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. Equities analysts expect that Meritor will post $1.69 EPS for the current fiscal year. Finally, ValuEngine raised Meritor from a "buy" rating to a "strong-buy" rating in a report on Friday, June 2nd.
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MTOR's SVP & Pres., Aftmkt, CPO Speed Robert H. Sell 4192 shares of the company at a price of $19.23 on 2017-08-08. The shares were sold at an average price of $19.23, for a total transaction of $80,612.16. Following the completion of the sale, the senior vice president now owns 31,741 shares in the company, valued at $478,336.87. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Examining Institutional Ownership at Meritor, Inc. Insider activity is often a strong indicator of future performance in a stock, and if the data on MTOR is anything to go by, investors should pay attention. In the past 3-month period alone, shares of MTOR have appreciated +4.86 - or +29.94%. Piedmont Investment Advisors LLC purchased a new stake in shares of Meritor in the second quarter worth about $1,452,000. Invictus Rg augmented its stake by buying 10,393 shares an increase of 1,127.2% from 03/31/2017 to 06/30/2017. As of the end of the quarter Ubs Group Ag had bought a total of 2,091 shares growing its holdings by 1,000.5%. The stock recorded a rise in short interest of 3.36% as of August 15, 2017 from the last reporting period. New York State Teachers Retirement System raised its holdings in Meritor by 1.4% in the first quarter.