Zacks Rating on Meritor (MTOR)

Meritor (MTOR) has an average broker rating of 3.33, which is interpreted as a Hold, as rated by 6 equity analysts. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Meritor (MTOR) : The most positive equity analysts on Meritor (MTOR) expects the shares to touch $12, whereas, the least positive believes that the stock will trade at $7 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $9 with an expected fluctuation of $2.16 from the mean.


Meritor, Inc. has dropped 1.61% in the last five trading days, however, the shares have posted positive gains of 36.95% in the last 4 weeks. Meritor, Inc. is up 30.13% in the last 3-month period. Year-to-Date the stock performance stands at 31.38%. Meritor (NYSE:MTOR): stock turned positive on Tuesday. Though the stock opened at $10.95, the bulls momentum made the stock top out at $11.25 level for the day. The stock recorded a low of $10.83 and closed the trading day at $10.97, in the green by 3.49%. The total traded volume for the day was 1,030,249. The stock had closed at $10.6 in the previous days trading.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.