Meritor (NYSE:MTOR) had its target price upped by KeyCorp from $25.00 to $30.00 in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the auto parts company’s stock.
Other equities research analysts have also issued research reports about the stock. TheStreet raised shares of Meritor from a c+ rating to a b- rating in a report on Friday, July 17th. Barclays upped their target price on shares of Meritor from $20.00 to $22.00 and gave the stock an equal weight rating in a report on Friday, July 24th. Zacks Investment Research lowered shares of Meritor from a hold rating to a strong sell rating and set a $24.00 target price for the company. in a report on Friday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Meritor from $15.00 to $17.00 and gave the stock a neutral rating in a report on Friday, June 19th. Finally, Longbow Research upped their target price on shares of Meritor from $20.00 to $23.00 and gave the stock a buy rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $23.44.
Shares of MTOR traded down $0.35 during trading hours on Thursday, hitting $22.75. The stock had a trading volume of 965,746 shares, compared to its average volume of 626,344. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 6.17 and a beta of 2.45. The firm has a 50-day moving average price of $20.55 and a 200 day moving average price of $19.97. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.08 and a current ratio of 1.88. Meritor has a fifty-two week low of $10.91 and a fifty-two week high of $27.18.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. purchased a new stake in shares of Meritor in the fourth quarter valued at about $7,857,000. LS Investment Advisors LLC acquired a new position in Meritor in the first quarter valued at about $29,000. Mutual of America Capital Management LLC acquired a new position in Meritor in the first quarter valued at about $43,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Meritor by 28.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,091 shares of the auto parts company’s stock valued at $81,000 after buying an additional 1,352 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Meritor by 44.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,771 shares of the auto parts company’s stock valued at $174,000 after buying an additional 2,680 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.
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; and Aftermarket, Industrial and Trailer.
See Also: Forex
Receive News & Ratings for Meritor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meritor and related companies with MarketBeat.com's FREE daily email newsletter.