Meritor, Inc. (NYSE:MTOR) Closed 12.4% Above Its 50 Day Average

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13 September, 2017

Public Employees Retirement System of OH has an ownership of 39,952 stocks of the auto parts firms shares valued at $684,000 after scooping up an extra 917 stocks in the previous period.

Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 0.4, and a price to sales ratio of 1.12.

Other analysts have also recently issued research reports about the company. Buckingham analysis assumed coverage on stocks of Meritor in a note on Tue, Sep 5th. They issued a "buy" rating and a $25.00 target price on the stock. Finally, Stifel Nicolaus upgraded shares of Meritor from a "hold" rating to a "buy" rating and boosted their target price for the stock from $14.00 to $17.00 in a report on Thursday, January 26th. BidaskClub raised Meritor from a "sell" rating to a "hold" rating in a report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of "Buy" and a consensus price target of $21.81.

Meritor, Inc. (MTOR) share price jumped 2.23% to $21.11 in the last trading session. Savings Bank Of Mellon Corp reported 1.12M shares. The company's 50-day moving average price is $18.76 and its 200 day moving average price is $17.15.

Meritor, Inc. now has a P/E ratio of 3.449 and the market cap of the company is 1.88B. Meritor, has a 52 week low of $9.84 and a 52 week high of $21.49. Barclays Capital maintained Meritor Inc (NYSE:MTOR) rating on Wednesday, November 23. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.06.

Average Revenue Estimate for the current quarter is $848.11 Million, according to consensus forecast of 8 analysts. Meritor had a negative return on equity of 36.22% and a net margin of 17.48%. The company's quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts expect that Meritor will post $1.69 EPS for the current year. The stock of Meritor Inc (NYSE:MTOR) earned "Buy" rating by RBC Capital Markets on Wednesday, July 19. "(MTOR) August 29, 2017" on August 29, 2017, also Prnewswire.com published article titled: "Meritor Announces Notice of Partial Redemption of $100000000 Aggregate ...", Prnewswire.com published: "Meritor CEO and President Jay Craig and Kevin Nowlan, Senior Vice President ..." on September 07, 2017. If you are accessing this article on another publication, it was copied illegally and reposted in violation of U.S. and global copyright & trademark laws. The correct version of this report can be read at https://baseballnewssource.com/markets/meritor-inc-mtor-rating-reiterated-by-keycorp/1623024.html.

In other news, SVP Robert H. Speed sold 4,192 shares of the firm's stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $19.23, for a total transaction of $80,612.16. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. Insider activity is often a strong indicator of future performance in a stock, and if the data on MTOR is anything to go by, investors should pay attention. Piedmont Investment Advisors LLC purchased a new stake in shares of Meritor in the second quarter worth about $1,452,000. Federated clients PA has an ownership of 8,512 stocks of the auto parts firms shares valued at $141,000 after scooping up an extra 1,491 stocks in the previous period. large institution funds own 93.23% of the firms stock.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 11.6 million shares, BLACKROCK INC. with 6.13 million shares, GLENVIEW CAPITAL MANAGEMENT, LLC with 6.13 million shares, LSV ASSET MANAGEMENT with 4.79 million shares, and INVESCO LTD. with 3.68 million shares. Russell Investments Group Ltd. now owns 204,788 shares of the auto parts company's stock worth $3,504,000 after purchasing an additional 83,400 shares in the last quarter.


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