Meritor, Inc. (NYSE:MTOR) registered a 7.69% increase, still its new closing price is 173.11% up from the company’s 1 year high of 15.45.It posted 6.44% gains in previous 5 sessions and is now the subject of 5 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 1 buy or better ratings. The 8 stock analysts following this company have an average price target at $13.36, with individual PT in the $11.00-$17.00 range. The shares moved at $15.54, implying that brokerage firms see shares gaining about 133.68% in twelve months time.
Meritor, Inc. (MTOR) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 25.12% rise year to date. A SVP & CFO at Meritor, Inc. (MTOR) offloaded shares in a transaction closed on Tuesday January 03, 2017. Nowlan Kevin sold 5,250 shares in the company at $12.7 each and collected $66,001 in proceeds. Nowlan Kevin now owns 101,666 shares in the company after this transaction. A Director in the company, Bridges Victoria J, disclosed a transaction on Monday December 12, 2016 that ended up generating $50,000 from the sale of 3,868 shares at $12.95 per share.
Meritor, Inc. (NYSE:MTOR) Upcoming Results on Tap
Meritor, Inc. will next provide financial results for the December 2017 quarter. Stock analysts expect it to report per-share earnings of $0.28 in that period. Sales during the quarter are predicted to arrive at $792.49 million.
Earnings surprise history: Last quarter, the company posted approximately $728 million in revenue and EPS of $0.34. The mean forecast was for $747.98 million and $0.28 a share, respectively. One quarter earlier, revenue for the stock was at $841 million, with earnings at $0.57/share.
Meritor, Inc. (MTOR) Brokerage Update
Meritor, Inc. (MTOR) is in Stifel’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by Stifel, according to news reported on Thursday January 26, 2017.Another important research note was issued by Piper Jaffray on Tuesday June 28, 2016.The firm downgraded MTOR to Underweight from Neutral. Over the last six months and over the last three months, the shares of Meritor, Inc. (MTOR), have changed 95.96% and 51.17%, respectively.