NYSE:MTORMeritor Stock Price, Forecast & News

Meritor's stock was trading at $17.16 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MTOR stock has increased by 48.5% and is now trading at $25.49.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritor in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Meritor is scheduled to release its next quarterly earnings announcement on Wednesday, November 11th 2020.
View our earnings forecast for Meritor.

Meritor Inc (NYSE:MTOR) posted its earnings results on Wednesday, July, 29th. The auto parts company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by $0.01. The auto parts company had revenue of $514 million for the quarter, compared to analyst estimates of $459.25 million. Meritor had a net margin of 8.63% and a return on equity of 35.42%. The business's revenue was down 55.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share.
View Meritor's earnings history.

Meritor updated its fourth quarter earnings guidance on Wednesday, July, 29th. The company provided EPS guidance of approx. -$0.10 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.06). The company issued revenue guidance of ~$700 million, compared to the consensus revenue estimate of $613.00 million.

8 Wall Street analysts have issued 12 month target prices for Meritor's shares. Their forecasts range from $17.00 to $30.00. On average, they anticipate Meritor's share price to reach $23.38 in the next year. This suggests that the stock has a possible downside of 8.3%.
View analysts' price targets for Meritor.

Headlines about MTOR stock have been trending very positive recently, according to InfoTrie. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Meritor earned a news sentiment score of 3.2 on InfoTrie's scale. They also assigned news coverage about the auto parts company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days.
View the latest news about Meritor.

Meritor saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 5,570,000 shares, an increase of 5.9% from the July 15th total of 5,260,000 shares. Based on an average daily trading volume, of 768,600 shares, the days-to-cover ratio is presently 7.2 days. Currently, 8.2% of the shares of the company are sold short.
View Meritor's Short Interest.

Some companies that are related to Meritor include Caterpillar (CAT), Deere & Company (DE), PACCAR (PCAR), Cummins (CMI), Westinghouse Air Brake Technologies (WAB), Toro (TTC), Oshkosh (OSK), AGCO (AGCO), Navistar International (NAV), Trinity Industries (TRN), Federal Signal (FSS), Terex (TEX), Alamo Group (ALG), Astec Industries (ASTE) and Lindsay (LNN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Meritor investors own include NVIDIA (NVDA), Intel (INTC), Micron Technology (MU), CVS Health (CVS), Visa (V), Applied Materials (AMAT), Gilead Sciences (GILD), Alibaba Group (BABA), Caterpillar (CAT) and Adobe (ADBE).

Meritor trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTOR."

Meritor's stock is owned by a number of institutional and retail investors. Top institutional investors include LSV Asset Management (4.66%), Victory Capital Management Inc. (2.36%), Frontier Capital Management Co. LLC (0.99%), Principal Financial Group Inc. (0.76%), Peregrine Capital Management LLC (0.44%) and Russell Investments Group Ltd. (0.28%). Company insiders that own Meritor stock include Boise April Miller, Carl Douglas Anderson II, Chris Villavarayan, Jeffrey A Craig, Joseph A Plomin, Kevin Nowlan, Paul Bialy, Rodger L Boehm and Timothy J Heffron.
View institutional ownership trends for Meritor.

MTOR stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, Victory Capital Management Inc., Frontier Capital Management Co. LLC, Principal Financial Group Inc., Mutual Advisors LLC, UBS Group AG, Hancock Whitney Corp, and Texas Permanent School Fund. Company insiders that have sold Meritor company stock in the last year include Boise April Miller, Carl Douglas Anderson II, Chris Villavarayan, Jeffrey A Craig, and Paul Bialy.
View insider buying and selling activity for Meritor.

MTOR stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Empowered Funds LLC, Trexquant Investment LP, Pacer Advisors Inc., Jennison Associates LLC, SG Americas Securities LLC, Swiss National Bank, and Janney Montgomery Scott LLC.
View insider buying and selling activity for Meritor.

Shares of MTOR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MTOR stock can currently be purchased for approximately $25.49.

Meritor has a market capitalization of $1.84 billion and generates $4.39 billion in revenue each year. The auto parts company earns $291 million in net income (profit) each year or $3.82 on an earnings per share basis. Meritor employs 9,100 workers across the globe.

The official website for Meritor is www.meritor.com.

Meritor's mailing address is 2135 W MAPLE ROAD, TROY MI, 48084. The auto parts company can be reached via phone at 248-435-1000 or via email at [email protected]