Why Meritor, Inc. (NYSE:MTOR) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $8.790 on Meritor, Inc. (NYSE:MTOR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.560 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Meritor, Inc. (NYSE:MTOR) stands at 15.436. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Meritor, Inc. Common Stock, the PEG ratio for coming 3-5 years is -3.780. Technical Analysis The technical analysis highlights that Meritor, Inc. Common Stock current price is trading $-0.478 points away -5.660% from $8.443, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $7.850 and, for now, the stock price is trading $0.115 or +1.465% away from that point. The 52-week high of Meritor, Inc. (NYSE:MTOR) was $14.420 while lowest point recorded in 52-week was $5.690. It implies if stock price makes a movement of over $-6.455, it will record a new 52-week high. In the case of $+39.982% points drop, it will touch a new 52-week low.

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