RBC Capital analyst Joseph Spak maintained a Hold rating on Meritor (MTOR – Research Report) on March 16 and set a price target of $18.00. The company’s shares closed last Monday at $13.47, close to its 52-week low of $13.27.
According to TipRanks.com, Spak is a 1-star analyst with an average return of -2.4% and a 46.6% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Tenneco Automotive, American Axle, and BorgWarner.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Meritor with a $27.00 average price target.
Meritor’s market cap is currently $995.6M and has a P/E ratio of 4.74. The company has a Price to Book ratio of 2.98.
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Meritor, Inc. engages in the design, production, and trade of integrated systems, modules, and components to original equipment manufacturers. It operates through the following segments: Commercial Truck and Trailer, and Aftermarket and Industrial.