Analyst Price Target Update on Meritor (NYSE:MTOR)

Meritor (NYSE:MTOR): The mean short term price target for Meritor (NYSE:MTOR) has been established at $10.1 per share. The higher price target estimate is at $17 and the lower price target estimate is expected at $7 according to 5 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $4.42

Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Meritor Inc, Lyons William J, had purchased 2,799 shares in a transaction dated on May 19, 2016. The transaction was executed at $8.01 per share with total amount equaling $22,420.

Meritor (NYSE:MTOR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.03 points or 0.36% at $8.32 with 842,498 shares getting traded. Post opening the session at $8.28, the shares hit an intraday low of $8.2 and an intraday high of $8.46 and the price was in this range throughout the day. The company has a market cap of $742 million and the number of outstanding shares have been calculated to be 89,214,932 shares. The 52-week high of Meritor (NYSE:MTOR) is $14.42 and the 52-week low is $5.69.

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. It serves commercial truck, trailer, bus and coach and off-highway machinery manufacturers. The Companys segments include commercial truck and industrial, and aftermarket and trailer. Its commercial truck and 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 and 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.

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