Meritor - MTOR Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Meritor in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MTOR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTOR, but not buy additional shares or sell existing shares.
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3 equities research analysts have issued 12 month target prices for Meritor's shares. Their MTOR share price forecasts range from $25.00 to $36.50. On average, they predict the company's share price to reach $32.67 in the next twelve months. This suggests that the stock has a possible downside of 10.5%.
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Meritor's stock was trading at $24.78 at the beginning of 2022. Since then, MTOR shares have increased by 47.3% and is now trading at $36.50.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 16th 2022.
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Meritor, Inc. (NYSE:MTOR) posted its quarterly earnings data on Tuesday, November, 16th. The auto parts company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.49 by $0.31. The auto parts company had revenue of $945 million for the quarter, compared to analysts' expectations of $991 million. Meritor had a net margin of 5.84% and a trailing twelve-month return on equity of 39.69%. Meritor's revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS.

71 employees have rated Meritor Chief Executive Officer Jay Craig on Glassdoor.com. Jay Craig has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Meritor investors own include Micron Technology (MU), NVIDIA (NVDA), Intel (INTC), Advanced Micro Devices (AMD), CVS Health (CVS), Applied Materials (AMAT), Visa (V), Caterpillar (CAT), Gilead Sciences (GILD) and Pfizer (PFE).

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 shareholders include Versor Investments LP (2.46%), Alpine Associates Management Inc. (0.84%), Candriam S.C.A. (0.29%), Swiss National Bank (0.22%), Wolverine Asset Management LLC (0.19%) and WINTON GROUP Ltd (0.15%). Insiders that own company stock include Boise April Miller, Carl Douglas Anderson II, Chris Villavarayan, Ivor J Evans, Jeffrey A Craig, Jeffrey A Craig, John Nelligan, Paul Bialy, Timothy J Heffron and William R Newlin.
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Shares of MTOR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MTOR stock can currently be purchased for approximately $36.50.

Meritor (NYSE:MTOR) has a market capitalization of $2.59 billion and generates $3.83 billion in revenue each year. The auto parts company earns $199 million in net income (profit) each year or $3.51 on an earnings per share basis.

The company employs 9,600 workers across the globe.

Meritor's mailing address is 2135 W MAPLE ROAD, TROY MI, 48084. The official website for the company is www.meritor.com. The auto parts company can be reached via phone at (248) 435-1000, via email at investor.relations@meritor.com, or via fax at 248-435-1393.