November 23, 2016 - By Marguerite Chambers
New York: In a research note revealed to investors on Wednesday morning, Barclays maintained their Equal-Weight rating on shares of Meritor (NYSE:MTOR). They currently have a $11.00 PT on the firm. Barclays’s target would indicate a potential downside of -15.32% from the company’s close price.
Out of 5 analysts covering Meritor (NYSE:MTOR), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. $14 is the highest target while $8 is the lowest. The $9.33 average target is -28.18% below today’s ($12.99) stock price. Meritor has been the topic of 9 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock has “Underweight” rating given by Piper Jaffray on Tuesday, June 28. The rating was maintained by Barclays Capital on Monday, January 25 with “Equal Weight”. Barclays Capital maintained Meritor Inc (NYSE:MTOR) rating on Tuesday, December 15. Barclays Capital has “Equal Weight” rating and $10.0 price target. The firm earned “Buy” rating on Friday, August 14 by Longbow. UBS maintained the shares of MTOR in a report on Thursday, November 12 with “Neutral” rating.
About 707,359 shares traded hands. Meritor Inc (NYSE:MTOR) has risen 49.47% since April 21, 2016 and is uptrending. It has outperformed by 44.14% the S&P500.
Insitutional Activity: The institutional sentiment increased to 1.15 in Q2 2016. Its up 0.44, from 0.71 in 2016Q1. The ratio is positive, as 31 funds sold all Meritor Inc shares owned while 48 reduced positions. 18 funds bought stakes while 38 increased positions. They now own 78.57 million shares or 2.19% less from 80.32 million shares in 2016Q1.
Connor Clark And Lunn Invest, a British Columbia – Canada-based fund reported 246,625 shares. D E Shaw has 0% invested in the company for 117,853 shares. Teacher Retirement Of Texas reported 12,143 shares or 0% of all its holdings. Pillar Pacific Cap Management Limited Liability Company has 0.02% invested in the company for 17,200 shares. Ahl Prtnrs Limited Liability Partnership holds 0.01% or 14,814 shares in its portfolio. Citigroup holds 0% or 43,125 shares in its portfolio. Nationwide Fund holds 0.01% of its portfolio in Meritor Inc (NYSE:MTOR) for 207,339 shares. Barclays Public Ltd Co has 0% invested in the company for 265,284 shares. Finemark Bankshares Trust holds 0% or 124 shares in its portfolio. Anchor Bolt L P owns 4.03 million shares or 1.01% of their US portfolio. Great West Life Assurance Can has invested 0% of its portfolio in Meritor Inc (NYSE:MTOR). Hotchkis Wiley Capital Mngmt Limited Co owns 2.76M shares or 0.08% of their US portfolio. Citadel Advisors accumulated 658,899 shares or 0.01% of the stock. Moreover, Schwab Charles has 0% invested in Meritor Inc (NYSE:MTOR) for 553,310 shares. Aqr Capital Mgmt Llc last reported 0% of its portfolio in the stock.
Meritor, Inc. is engaged in the development, manufacture, sale, assembly, distribution, import and export of movement control systems for buses, trailers and trucks and their parts and components. The company has a market cap of $1.15 billion. It serves commercial truck, trailer, bus and coach and off-highway machinery manufacturers. It has a 2.09 P/E ratio. The Company’s divisions include commercial truck and industrial, and aftermarket and trailer.
According to Zacks Investment Research, “Meritor, Inc., formerly known as ArvinMeritor, Inc., supplies drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. The Company serves commercial truck, trailer, off-highway, defense, and specialty and aftermarket customers around the globe. It operates in three segments: Commercial Truck, Industrial, and Aftermarket & Trailer. The Company sells its products under the brand names of Meritor, Euclid, Mascot, Trucktechnic, Meritor WABCO, and Gabriel to motor carriers, OE dealers, and independent distributors. Meritor, Inc. is based in Troy, Michigan.”
Meritor, Inc., incorporated on March 31, 2000, is engaged in the development, manufacture, sale, assembly, distribution, import and export of movement control systems for buses, trailers and trucks and their parts and components. It supplies a portfolio of axle, brake and suspension solutions to original equipment manufacturers (OEM) and the aftermarket for the transportation and industrial sectors. It serves commercial truck, trailer, bus and coach and off-highway machinery manufacturers, in addition to defense contractors. The Company’s services and products include axles, brakes and safety systems, drivelines, suspensions, trailer, aftermarket, logistics and defense. The Company’s divisions include commercial truck & industrial, and aftermarket & trailer. The Company’s commercial truck & industrial segment supplies drivetrain systems and components, including axles, drivelines, braking and suspension systems, primarily for medium- and heavy-duty trucks in North America, South America and Europe. This segment also supplies components for defense, construction, bus and coach, mining, fire and emergency applications, and Aftermarket & Trailer segment, which supplies new and remanufactured axles, brakes, suspensions, transmissions and components for all-makes aftermarket customers, and also supplies a variety of undercarriage products and systems for trailer applications.
More news for Meritor Inc (NYSE:MTOR) were recently published by: Nasdaq.com, which released: “Earnings Reaction History: Meritor Inc., 60.0% Follow-Through Indicator, 8.4 …” on November 16, 2016. Equitiesfocus.com‘s article titled: “Meritor, Inc. (NYSE:MTOR) PEG Ratio At 4.54” and published on November 22, 2016 is yet another important article.
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