NYSE:MTORMeritor Stock Price, Forecast & News

Meritor's stock was trading at $17.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MTOR stock has increased by 10.9% and is now trading at $19.03. 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) released its quarterly earnings data on Thursday, April, 30th. The auto parts company reported $0.74 EPS for the quarter, topping the Zacks' 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 return on equity of 64.86% and a net margin of 10.29%. The firm's revenue was down 24.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 earnings per share. View Meritor's earnings history.

Meritor updated its third quarter 2020 Pre-Market earnings guidance on Thursday, April, 30th. 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 $734.9 million.

6 brokerages have issued 1-year price objectives for Meritor's shares. Their forecasts range from $20.00 to $30.00. On average, they anticipate Meritor's stock price to reach $22.67 in the next twelve months. This suggests a possible upside of 19.1% from the stock's current price. View analysts' price targets for Meritor.

Media stories about MTOR stock have trended extremely negative on Sunday, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Meritor earned a daily sentiment score of -4.5 on InfoTrie's scale. They also assigned headlines about the auto parts company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news aboutMeritor.

Meritor saw a decrease in short interest in 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 trading volume of 1,260,000 shares, the days-to-cover ratio is presently 5.3 days. Approximately 9.7% of the company's 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), WABCO (WBC), Oshkosh (OSK), AGCO (AGCO), Navistar International (NAV), Trinity Industries (TRN), Federal Signal (FSS), Alamo Group (ALG), Lindsay (LNN) and Terex (TEX). 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 variety of institutional and retail investors. Top institutional shareholders 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, Deutsche Bank AG, Towle & Co., Grantham Mayo Van Otterloo & Co. LLC, Fuller & Thaler Asset Management Inc., Frontier Capital Management Co. LLC, Nuveen Asset Management LLC, and AQR Capital 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 $19.03.

Meritor has a market capitalization of $1.38 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]