NYSE:MTORMeritor Stock Price, Forecast & News

Meritor's stock was trading at $17.16 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MTOR stock has increased by 8.3% and is now trading at $18.58. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Meritor in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 data on Thursday, April, 30th. The auto parts company reported $0.74 earnings per share (EPS) for the quarter, beating the 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 for the quarter was down 24.7% on a year-over-year basis. During the same quarter last year, the business posted $1.03 earnings per share. View Meritor's earnings history.

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

7 analysts have issued 1 year price targets for Meritor's shares. Their forecasts range from $17.00 to $30.00. On average, they anticipate Meritor's share price to reach $21.86 in the next twelve months. This suggests a possible upside of 17.6% from the stock's current price. View analysts' price targets for Meritor.

Media stories about MTOR stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media 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 closest to five being the most favorable. Meritor earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned news articles about the auto parts company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Meritor.

Meritor saw a decrease in short interest in June. As of June 30th, there was short interest totaling 5,680,000 shares, a decrease of 6.7% from the June 15th total of 6,090,000 shares. Based on an average trading volume of 951,100 shares, the short-interest ratio is presently 6.0 days. Approximately 8.4% of the shares of the stock 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), Oshkosh (OSK), AGCO (AGCO), Navistar International (NAV), Trinity Industries (TRN), Federal Signal (FSS), Terex (TEX), Alamo Group (ALG), Lindsay (LNN) and Astec Industries (ASTE). 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 many different institutional and retail investors. Top institutional investors include Nelson Van Denburg & Campbell Wealth Management Group LLC (0.02%). 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 purchased by a variety of institutional investors in the last quarter, including Nelson Van Denburg & Campbell Wealth Management Group 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 $18.58.

Meritor has a market capitalization of $1.34 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]