Analysis: Meritor (NYSE:MTOR) Upside Target Change Today
In an analyst research report revealed to clients and investors by JP Morgan on Friday, 11 December, the firm, Meritor (NYSE:MTOR), had their target cut to $11.50. Analusts right now have a solid Neutral rating on the stock.
From a total of 9 analysts covering Meritor (NYSE:MTOR) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 9 a ”Hold”. This means that 18% of the ratings are positive. The highest target price is $17 while the lowest target price is $10. The mean of all analyst targets is $13.56 with a 58.34% above today’s ($8.21) stock price. Meritor was the topic of 4 analyst reports since August 14, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on November 12 with “Neutral” rating.
Approximately 1.33 million shares of stock traded hands. Meritor Inc (NYSE:MTOR) has declined 34.03% since May 8, 2015 and is downtrending. It has underperformed by 31.01% the S&P500.
The overall sentiment of institutions has decreased to 0.89 in Q2 2015. Its down 0.02, from 0.91 in 2015Q2. The ratio is negative, as 31 institutions have sold all the shares of Meritor Inc that they owned while 60 funds have taken shares off the table. 17 funds have purchased shares for the first time while 64 added to their positions. These institutions now hold 77.36 million shares or 10.46% less than the 86.39 million shares they owned in 2015Q2.
The Fund Lasry Marc currently is holding shares equating to 12.22% of its total portfolio in Meritor Inc representing a total of 7.21 million shares. Another fund,Moon Capital Management Lp, is holding a total of 1.14 million shares equating to 7.09% of their holdings. Additionally, Towle & Co has a 1.29 million share stake in Meritor Inc which represents 3.13% of their total portfolio. The Fund, Anchor Bolt Capital Lp, based out of Illinois, has also built up a stake in the stock, which represents a total of 0.92% of their total portfolio. Finally Tfs Capital Llc, a fund which is based in the state of Pennsylvania reported a total holdings of 553,229 shares.
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 $790.15 million. It serves commercial truck, trailer, bus and coach and off-highway machinery manufacturers. It has 13.17 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.” Get a free copy of the Zacks research report on Meritor Inc (MTOR).