Meritor (NASDAQ:MTOR) had its target price decreased by JPMorgan Chase & Co. from $10.00 to $9.00 in a research note released on Thursday morning, StockRatingsNetwork.com reports. They currently have a neutral rating on the stock.
Separately, 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Meritor has a consensus rating of Hold and an average target price of $7.50.
Shares of Meritor (NASDAQ:MTOR) traded up 1.66% on Thursday, hitting $6.72. The stock had a trading volume of 316,476 shares. Meritor has a 52 week low of $3.83 and a 52 week high of $8.50. The stock’s 50-day moving average is $7.57 and its 200-day moving average is $7.35. The company’s market cap is $654.8 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. Analysts expect that Meritor will post $0.68 EPS for the current fiscal year.
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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