Meritor, Inc. (MTOR - Free Report) has announced that an expanded line of ProTec solutions is available, which can be used for light, medium, and heavy tactical vehicles and armored personnel carriers. The solutions are majorly used in military fleets.
Per management, the newly expanded portfolio, created on the basis of explicit requirements, can be used by defense contractors, law enforcement agency contractors and third parties. Further, the weight-efficient product line offers solution for any tactical or armored wheeled vehicle, thus, meeting the demand for specification requirements.
Moreover, along with Meritor’s drivelines and transfer cases, based on ProTec High Mobility Independent Suspensions (HMIS) and beam axles, one can customize a complete drivetrain solution for their application. Otherwise, customers can select from individual ProTec axle and suspension components.
Meritor, Inc. Price and Consensus
The weight-efficient HMIS is designed for applications that require gross axle weight ratings (GAWR) of 9,000-29,000 pounds. Further, ProTec’s all-wheel drive beam axles offer payload capability and ground clearance for challenging environments in exchange of 8,000-29,000 pounds.
Over the past 50 years, Meritor’s HMIS platforms and axles are used for the U.S. Army's fleet of 2.5 and 5-ton vehicles, along with modern FMTV and MRAP vehicles.
In the past six months, Meritor’s stock has lost 3.1%, outperforming 15% decrease recorded by the industry it belongs to.
Zacks Rank & Key Picks
Meritor currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the Auto space are AutoZone, Inc. (AZO - Free Report) , Navistar International Corporation (NAV - Free Report) and Advance Auto Parts, Inc. (AAP - Free Report) . AutoZone and Navistar carry a Zacks Rank #2 (Buy), while Advance Auto Parts sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AutoZone has an expected long-term growth rate of 12.2%. Over the past six months, shares of the company have gained 27.8%.
Navistar has an expected long-term growth rate of 5%. Shares of the company have increased 5.8% over the past six months.
Advance Auto Parts has an expected long-term growth rate of 12.3%. Shares of the company have rallied 50.1% over the past six months.
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