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 shares have increased by 34.7% and is now trading at $23.11.
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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 quarterly earnings results on Wednesday, July, 29th. The auto parts company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.46) by $0.01. The auto parts company earned $514 million during the quarter, compared to analysts' expectations of $459.25 million. Meritor had a return on equity of 35.42% and a net margin of 8.63%. Meritor's revenue for the quarter was down 55.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 EPS.
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 estimate of ($0.06). The company issued revenue guidance of ~$700 million, compared to the consensus revenue estimate of $613.00 million.

8 brokerages have issued 1 year target prices for Meritor's stock. Their forecasts range from $17.00 to $30.00. On average, they expect Meritor's stock price to reach $23.38 in the next year. This suggests a possible upside of 1.1% from the stock's current price.
View analysts' price targets for Meritor.

Press coverage about MTOR stock has been trending negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Meritor earned a news impact score of -2.9 on InfoTrie's scale. They also assigned press coverage about the auto parts company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact 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 15th, there was short interest totaling 5,570,000 shares, an increase of 5.9% from the June 30th total of 5,260,000 shares. Based on an average daily volume of 768,600 shares, the short-interest ratio is currently 7.2 days. Currently, 8.2% of the company's shares are short sold.
View Meritor's Current Options Chain.

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), Lindsay (LNN) and Astec Industries (ASTE).
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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 shareholders include Frontier Capital Management Co. LLC (0.99%), Peregrine Capital Management LLC (0.44%), Mackay Shields LLC (0.21%), Empowered Funds LLC (0.17%), Comerica Bank (0.15%) and First Trust Advisors LP (0.10%). 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 Frontier Capital Management Co. LLC, UBS Group AG, Hancock Whitney Corp, Louisiana State Employees Retirement System, Comerica Bank, Oregon Public Employees Retirement Fund, and Mackay Shields LLC. 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 Empowered Funds LLC, Pacer Advisors Inc., SG Americas Securities LLC, Janney Montgomery Scott LLC, Exchange Traded Concepts LLC, First Trust Advisors LP, New York State Teachers Retirement System, and Peregrine Capital Management 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 $23.11.

Meritor has a market capitalization of $1.67 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]