Brokerage Firm Rating on Meritor (MTOR)

Meritor (MTOR) : The consensus on Meritor (MTOR) based on 8 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Meritor (MTOR) : The consensus price target for Meritor (MTOR) is $10.4 for the short term with a standard deviation of $4.28. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $17, however, the pessimist price target for the company is $6.


Company shares have received an average consensus rating of Hold for the current week Meritor (NYSE:MTOR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.27 and $10.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.27, notching a gain of 0.69% for the day. The total traded volume was 1,093,375 . The stock had closed at $10.20 on the previous day.

In a related news, 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, 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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