Meritor (MTOR) : 1 brokerage houses believe that Meritor (MTOR) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Meritor (MTOR). Zacks Investment Research suggests a Strong Sell with a rank of 5. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 8 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
Meritor (MTOR) : Currently there are 6 street experts covering Meritor (MTOR) stock. The most bullish and bearish price target for the stock is $17 and $6 respectively for the short term. The average price target of all the analysts comes to $10.17. The estimated standard deviation from the target is $3.87.
Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Piper Jaffray downgrades its rating on Meritor (NYSE:MTOR). The shares have been rated Underweight. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 28, 2016.
Meritor (NYSE:MTOR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.36 and $8.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.45, notching a gain of 19.17% for the day. The total traded volume was 3,419,891 . The stock had closed at $7.93 on the previous day.
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.