Meritor Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Meritor in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Meritor stock.
View analyst ratings for Meritor or view top-rated stocks.

Wall Street analysts have given Meritor a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Meritor wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Meritor saw a decline in short interest in August. As of August 13th, there was short interest totaling 1,970,000 shares, a decline of 19.9% from the July 29th total of 2,460,000 shares. Based on an average daily volume of 518,200 shares, the short-interest ratio is currently 3.8 days. Approximately 3.0% of the shares of the stock are short sold.
View Meritor's Short Interest.

Meritor is scheduled to release its next quarterly earnings announcement on Thursday, November 11th 2021.
View our earnings forecast for Meritor.

Meritor, Inc. (NYSE:MTOR) posted its earnings results on Wednesday, August, 4th. The auto parts company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.12. The auto parts company earned $1.02 billion during the quarter, compared to analyst estimates of $944.48 million. Meritor had a trailing twelve-month return on equity of 25.77% and a net margin of 3.79%. The company's revenue was up 97.7% on a year-over-year basis. During the same period last year, the company earned ($0.47) EPS.
View Meritor's earnings history.

Meritor's stock was trading at $17.16 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MTOR shares have increased by 29.3% and is now trading at $22.18.
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Meritor issued an update on its FY 2021 earnings guidance on Wednesday, August, 25th. The company provided EPS guidance of $2.450-$2.450 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.250. The company issued revenue guidance of $3.90 billion-$3.90 billion, compared to the consensus revenue estimate of $3.74 billion.

6 brokers have issued 12-month price objectives for Meritor's stock. Their forecasts range from $24.00 to $34.00. On average, they expect Meritor's stock price to reach $29.20 in the next twelve months. This suggests a possible upside of 31.7% from the stock's current price.
View analysts' price targets for Meritor or view top-rated stocks among Wall Street analysts.

71 employees have rated Meritor CEO Jay Craig on Glassdoor.com. Jay Craig has an approval rating of 87% among Meritor's employees.

Some companies that are related to Meritor include Caterpillar (CAT), Deere & Company (DE), Cummins (CMI), PACCAR (PCAR), Westinghouse Air Brake Technologies (WAB), The Toro (TTC), AGCO (AGCO), Oshkosh (OSK), Terex (TEX), Trinity Industries (TRN), Federal Signal (FSS), Alamo Group (ALG), Lindsay (LNN), The Greenbrier Companies (GBX) and Astec Industries (ASTE).
View all of MTOR's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Meritor investors own include Micron Technology (MU), NVIDIA (NVDA), Intel (INTC), Advanced Micro Devices (AMD), CVS Health (CVS), Applied Materials (AMAT), Visa (V), Caterpillar (CAT), Gilead Sciences (GILD) and Pfizer (PFE).

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

Meritor's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (13.51%), Price T Rowe Associates Inc. MD (5.72%), LSV Asset Management (3.61%), State Street Corp (3.66%), Dimensional Fund Advisors LP (3.39%) and Victory Capital Management Inc. (2.31%). Company insiders that own Meritor stock include Carl Douglas Anderson II, Chris Villavarayan, Ivor J Evans, Jeffrey A Craig, Paul Bialy, Timothy J Heffron and William R Newlin.
View institutional ownership trends for Meritor.

MTOR stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Prudential Financial Inc., LSV Asset Management, Morgan Stanley, Morgan Stanley, Dimensional Fund Advisors LP, Deutsche Bank AG, and Russell Investments Group Ltd.. Company insiders that have sold Meritor company stock in the last year include Carl Douglas Anderson II, Chris Villavarayan, Ivor J Evans, Jeffrey A Craig, Paul Bialy, Timothy J Heffron, and William R Newlin.
View insider buying and selling activity for Meritor or view top insider-selling stocks.

MTOR stock was purchased by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, Vanguard Group Inc., Balyasny Asset Management LLC, Victory Capital Management Inc., Towle & Co., Palisade Capital Management LLC NJ, Renaissance Technologies LLC, and Moon Capital Management LP.
View insider buying and selling activity for Meritor or or view top insider-buying stocks.

Shares of MTOR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MTOR stock can currently be purchased for approximately $22.18.

Meritor has a market capitalization of $1.56 billion and generates $3.04 billion in revenue each year. The auto parts company earns $245 million in net income (profit) each year or $1.12 on an earnings per share basis.

Meritor employs 8,600 workers across the globe.

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

Meritor is headquartered at 2135 W MAPLE ROAD, TROY MI, 48084.

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]