Meritor, Inc. Common Stock (NYSE:MTOR):
Meritor Donates $5,000 to Hurricane Matthew Relief Efforts in Maxton, Rowland and St. Pauls, North Carolina.
The company is trading down by -0.10% since yesterday’s close of $10.36.
Shares of the company are trading at $10.35 which is just under $10.78, the 50 day moving average and a tad above the 200 day moving average of $9.30. The 50 day moving average was down $-0.43 or -3.98% and the 200 day average moved up $1.05.
The company currently has a P/E ratio of 12.56 and the market cap of the company is 898.00M. In the last earnings report the EPS was $0.82 and is expected to be $1.60 for the current year with 86,763,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.31 and the next full year EPS is anticipated to be $1.52.
Wall Street investment firms have weighed in on the company recently. On June 28 the company was changed to a “Underweight” by Piper Jaffray down from the previous “Neutral” rating. On January 25 Barclays kept the stock rating at “Equalweight” but lowered the price expectation to $8.00 from $10.00.
December 15 investment analysts at Barclays left the stock rating at “Equal-weight” and moved down the price target from $14.00 to $10.00. On August 14 the company was upgraded to “Buy” from “Neutral” with a current price target of $17.00 in a statement from Longbow Research.
Equity analyst Stifel Nicolaus initiated coverage on the stock by announcing an initial rating of “Hold”. April 21 investment analysts at Citigroup kept the company rating at “Neutral” but moved down the price target to $15.00 from $16.00.