RBC Capital analyst Joseph Spak maintained a Hold rating on Meritor (NYSE:MTOR) Inc on Thursday, setting a price target of $30, which is approximately 11.65% above the present share price of $26.87.
Spak expects Meritor Inc to post earnings per share (EPS) of $0.04 for the first quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in Meritor, with an average price target of $28.5.
The analysts price targets range from a high of $34 to a low of $24.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $758 million and a net profit of $11 million. The company's market cap is $1.94 billion.
According to TipRanks.com, RBC Capital analyst Joseph Spak is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -9.8% and a 56.27% success rate.
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. The Commercial Truck and Trailer segment supplies drivetrain systems and components, including axles, drivelines, and braking and suspension systems, primarily for medium- and heavy-duty trucks and other applications. The Aftermarket and Trailer segment provides axles, brakes, drivelines, suspension parts and other replacement parts to commercial vehicle and industrial aftermarket customers in North America and Europe. The company was founded in 1909 and is headquartered in Troy, MI.