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NYSE:MTORMeritor Stock Price, Forecast & News

$20.34
-0.32 (-1.55 %)
(As of 05/29/2020 04:00 PM ET)
Add
Compare
Today's Range
$19.86
Now: $20.34
$20.69
50-Day Range
$14.20
MA: $17.62
$21.83
52-Week Range
$10.91
Now: $20.34
$27.18
Volume94,063 shs
Average Volume839,559 shs
Market Capitalization$1.47 billion
P/E Ratio3.92
Dividend YieldN/A
Beta2.52
Meritor, Inc. designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers (OEMs) and the aftermarket for the commercial vehicle, transportation, and industrial sectors. It operates through two segments, Commercial Truck; and Aftermarket, Industrial and Trailer. The Commercial Truck segment supplies drivetrain systems and components, including axles, drivelines, and braking and suspension systems primarily for medium-and heavy-duty trucks and other applications; and undercarriage products and systems for trailer applications. The Aftermarket, Industrial and Trailer segment supplies axles, brakes, drivelines, suspension parts, and other replacement parts to commercial vehicle and industrial aftermarket customers. It also supplies drivetrain systems and various components, such as axles, drivelines, brakes, and suspension systems for military, construction, bus and coach, fire and emergency, and other applications. The company sells its products under the Meritor, Euclid, Trucktechnic, and Mach brands primarily to OEMs and its parts marketing operations, and dealers, as well as for other independent distributors and service garages in the aftermarket industry in North America, South America, Europe, and the Asia Pacific. The company was formerly known as ArvinMeritor, Inc. and changed its name to Meritor, Inc. in March 2011. Meritor, Inc. was founded in 1921 and is headquartered in Troy, Michigan.
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Meritor logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.72 out of 5 stars


Industry, Sector and Symbol

Industry Motor vehicle parts & accessories
Sub-IndustryConstruction & Farm Machinery & Heavy Trucks
SectorAuto/Tires/Trucks
CUSIP59001K10
Phone248-435-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.39 billion
Cash Flow$4.71 per share
Book Value$5.87 per share

Profitability

Net Income$291 million

Miscellaneous

Employees9,100
Market Cap$1.47 billion
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Meritor (NYSE:MTOR) Frequently Asked Questions

How has Meritor's stock been impacted by COVID-19 (Coronavirus)?

Meritor's stock was trading at $17.16 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MTOR shares have increased by 18.5% and is now trading at $20.34. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Meritor?

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.

When is Meritor's next earnings date?

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

How were Meritor's earnings last quarter?

Meritor Inc (NYSE:MTOR) released its quarterly earnings data on Thursday, April, 30th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.54 by $0.20. The auto parts company had revenue of $871 million for the quarter, compared to analyst estimates of $817.33 million. Meritor had a net margin of 10.29% and a return on equity of 64.86%. The business's revenue was down 24.7% on a year-over-year basis. During the same period last year, the company posted $1.03 EPS. View Meritor's earnings history.

What guidance has Meritor issued on next quarter's earnings?

Meritor updated its third quarter 2020 Pre-Market earnings guidance on Thursday, April, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $400-500 million, compared to the consensus revenue estimate of $734.9 million.

What price target have analysts set for MTOR?

6 equities research analysts have issued twelve-month target prices for Meritor's shares. Their forecasts range from $20.00 to $30.00. On average, they anticipate Meritor's share price to reach $22.67 in the next year. This suggests a possible upside of 11.4% from the stock's current price. View analysts' price targets for Meritor.

Has Meritor been receiving favorable news coverage?

News coverage about MTOR stock has been trending somewhat positive on Friday, InfoTrie Sentiment reports. The research firm scores the sentiment of news 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 daily sentiment score of 0.7 on InfoTrie's scale. They also assigned media stories about the auto parts company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news aboutMeritor.

Are investors shorting Meritor?

Meritor saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 6,630,000 shares, a decrease 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. Currently, 9.7% of the shares of the company are sold short. View Meritor's Current Options Chain.

Who are some of Meritor's key competitors?

What other stocks do shareholders of Meritor own?

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).

Who are Meritor's key executives?

Meritor's management team includes the following people:
  • Mr. Jeffrey A. Craig, Pres, CEO & Director (Age 59)
  • Ms. April Miller Boise, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 50)
  • Mr. Joseph A. Plomin Jr., Sr. VP and Pres of Aftermarket & Industrial & Trailer (Age 57)
  • Mr. Chrishan Anton Sebastian Villavarayan, Sr. VP & Pres of Global Truck (Age 49)
  • Mr. Carl D. Anderson II, Sr. VP & CFO

What is Meritor's stock symbol?

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

Who are Meritor's major shareholders?

Meritor's stock is owned by many different retail and institutional 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.

Which major investors are selling Meritor stock?

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.

Which major investors are buying Meritor stock?

MTOR stock was purchased 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.

How do I buy shares of 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.

What is Meritor's stock price today?

One share of MTOR stock can currently be purchased for approximately $20.34.

How big of a company is Meritor?

Meritor has a market capitalization of $1.47 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.

What is Meritor's official website?

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

How can I contact Meritor?

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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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