Investment analysts at Robert W. Baird reduced their target price on shares of Meritor (NASDAQ:MTOR) from $8.00 to $6.00 in a note issued to investors on Thursday, AnalystRatings.NET reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s target price points to a potential downside of 9.23% from the stock’s previous close.
Meritor (NASDAQ:MTOR) traded down 4.62% during mid-day trading on Thursday, hitting $6.61. The stock had a trading volume of 3,849,462 shares. Meritor has a 1-year low of $3.83 and a 1-year high of $8.50. The stock has a 50-day moving average of $7.61 and a 200-day moving average of $7.36. The company’s market cap is $644.1 million.
Meritor (NASDAQ:MTOR) last released its earnings data on Wednesday, November 13th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.01. The company had revenue of $909.00 million for the quarter, compared to the consensus estimate of $965.84 million. During the same quarter last year, the company posted $0.32 earnings per share. Meritor’s revenue was down 7.8% compared to the same quarter last year. On average, analysts predict that Meritor will post $0.68 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Meritor from $10.00 to $9.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Meritor in a research note to investors on Thursday. They now have a $7.25 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $7.50.
Meritor, Inc (NASDAQ:MTOR) is a global supplier of a range of integrated systems and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation and industrial sectors.
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