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 28.3% and is now trading at $22.02. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritor in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Meritor.

Meritor is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Meritor.

Meritor Inc (NYSE:MTOR) issued its quarterly earnings results on Thursday, April, 30th. The auto parts company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.20. The auto parts company had revenue of $871 million for the quarter, compared to the consensus estimate of $817.33 million. Meritor had a return on equity of 64.86% and a net margin of 10.29%. Meritor's revenue for the quarter was down 24.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 earnings per share. View Meritor's earnings history.

Meritor updated its third quarter 2020 After-Hours earnings guidance on Tuesday, June, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $400-500 million, compared to the consensus revenue estimate of $449.33 million.

6 brokerages have issued 12 month target prices for Meritor's stock. Their forecasts range from $20.00 to $30.00. On average, they expect Meritor's stock price to reach $22.67 in the next year. This suggests a possible upside of 2.9% from the stock's current price. View analysts' price targets for Meritor.

Media coverage about MTOR stock has been trending negative this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Meritor earned a news impact score of -2.7 on InfoTrie's scale. They also assigned news 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 effect on the company's share price in the next few days. View the latest news aboutMeritor.

Meritor saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 6,630,000 shares, a drop of 7.0% from the April 30th total of 7,130,000 shares. Based on an average daily trading volume, of 1,260,000 shares, the days-to-cover ratio is presently 5.3 days. Approximately 9.7% of the company's shares are sold short. 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), WABCO (WBC), Oshkosh (OSK), AGCO (AGCO), Trinity Industries (TRN), Navistar International (NAV), Federal Signal (FSS), Alamo Group (ALG), Terex (TEX) and Lindsay (LNN). View all competitors.

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 State Street Corp (3.21%), Victory Capital Management Inc. (2.55%), Victory Capital Management Inc. (2.55%), Towle & Co. (1.99%), Frontier Capital Management Co. LLC (1.08%) and Balyasny Asset Management LLC (0.83%). 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 Morgan Stanley, Morgan Stanley, Deutsche Bank AG, Towle & Co., Grantham Mayo Van Otterloo & Co. LLC, Fuller & Thaler Asset Management Inc., Frontier Capital Management Co. LLC, and Nuveen Asset Management 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 acquired by a variety of institutional investors in the last quarter, including State Street Corp, Principal Financial Group Inc., Sandbar Asset Management LLP, Canada Pension Plan Investment Board, Matarin Capital Management LLC, Legal & General Group Plc, Public Sector Pension Investment Board, and Balyasny Asset 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 $22.02.

Meritor has a market capitalization of $1.59 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]