Barclays analyst Brian Johnson maintained a Hold rating on Arvinmeritor (NYSE: MTOR) yesterday and set a price target of $22. The company’s shares opened today at $18.30, close to its 52-week low of $17.28.
According to TipRanks.com, Johnson is a 4-star analyst with an average return of 3.9% and a 52.6% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Magna International, Dana Holding, and Visteon Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arvinmeritor with a $29.33 average price target.
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Based on Arvinmeritor’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.13 billion and net profit of $64 million. In comparison, last year the company earned revenue of $922 million and had a net profit of $239 million.
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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 Commercial Truck and Industrial, and Aftermarket and Trailer segments.
