NYSE:MTOR

Meritor Stock Forecast, Price & News

$22.61
+0.26 (+1.16 %)
(As of 06/23/2021 12:40 PM ET)
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Today's Range
$22.19
$22.65
50-Day Range
$21.96
$29.15
52-Week Range
$18.16
$33.56
Volume3,228 shs
Average Volume572,168 shs
Market Capitalization$1.64 billion
P/E Ratio27.91
Dividend YieldN/A
Beta2.12
30 days | 90 days | 365 days | Advanced Chart
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Meritor logo

About Meritor

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 and Industrial. 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 various undercarriage products and systems for trailer applications. The Aftermarket and Industrial 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 also sells other complementary products, including third-party and private label items, which include brake shoes and friction materials; automatic slack adjusters; yokes and shafts; wheel-end hubs and drums; ABS and stability control systems; shock absorbers and air springs; and air brakes. Meritor, Inc. sells its products under the Meritor, Euclid, Trucktechnic, US Gear, AxleTech, and Mach brands primarily to OEMs, their parts marketing operations, and their dealers, as well as 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 1909 and is headquartered in Troy, Michigan.

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MarketRank

Overall MarketRank

1.93 out of 5 stars

Auto/Tires/Trucks Sector

23rd out of 171 stocks

Motor Vehicle Parts & Accessories Industry

12th out of 65 stocks

Analyst Opinion: 3.4Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Meritor (NYSE:MTOR) Frequently Asked Questions

Is Meritor a buy right now?

5 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 4 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.

What stocks does MarketBeat like better than Meritor?

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.
View MarketBeat's top stock picks here.

Are investors shorting Meritor?

Meritor saw a drop in short interest in May. As of May 28th, there was short interest totaling 2,470,000 shares, a drop of 17.1% from the May 13th total of 2,980,000 shares. Based on an average daily trading volume, of 531,200 shares, the short-interest ratio is currently 4.6 days. Approximately 3.6% of the shares of the stock are short sold.
View Meritor's Short Interest
.

When is Meritor's next earnings date?

Meritor is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Meritor
.

How were Meritor's earnings last quarter?

Meritor, Inc. (NYSE:MTOR) issued its quarterly earnings data on Tuesday, May, 4th. The auto parts company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.65 by $0.03. The auto parts company had revenue of $983 million for the quarter, compared to analyst estimates of $944.57 million. Meritor had a net margin of 1.91% and a trailing twelve-month return on equity of 13.68%. The business's revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 earnings per share.
View Meritor's earnings history
.

How has Meritor's stock been impacted by Coronavirus?

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 stock has increased by 31.5% and is now trading at $22.57.
View which stocks have been most impacted by COVID-19
.

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

Meritor issued an update on its FY 2021 earnings guidance on Tuesday, May, 18th. The company provided earnings per share guidance of 2.150-2.300 for the period, compared to the Thomson Reuters consensus estimate of $2.280. The company issued revenue guidance of $3.65 billion-$3.80 billion, compared to the consensus revenue estimate of $3.72 billion.

What price target have analysts set for MTOR?

5 Wall Street analysts have issued 1 year price targets for Meritor's stock. Their forecasts range from $24.00 to $34.00. On average, they anticipate Meritor's stock price to reach $28.80 in the next year. This suggests a possible upside of 27.6% from the stock's current price.
View analysts' price targets for Meritor
or view top-rated stocks among Wall Street analysts.

Who are Meritor's key executives?

Meritor's management team includes the following people:
  • Mr. Jeffrey A. Craig, Exec. Chairman (Age 61, Pay $1.35M)
  • Mr. Chrishan Anthon Sebastian Villavarayan, CEO, Pres & Director (Age 51, Pay $798.75k)
  • Mr. Carl D. Anderson II, Sr. VP & CFO (Age 52, Pay $691.06k)
  • Ms. Hannah S. Lim-Johnson Esq., Sr. VP, Chief Legal Officer & Corp. Sec. (Age 49, Pay $445.01k)
  • Mr. Paul D. Bialy, VP & Chief Accounting Officer
  • Mr. Ryan Olivier, VP & Chief Information Officer
  • Mr. Todd Chirillo, Sr. Director of Investor Relations
  • Ms. Krista L. Sohm, VP and Chief Marketing & Communication Officer
  • Mr. Darrell Whitney, VP & Chief HR Officer
  • Mr. Timothy Earl Joseph Bowes, Sr. VP and Pres of Industrial, North America Aftermarket & Electrification (Age 58)

What is Jay Craig's approval rating as Meritor's CEO?

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

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 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).

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 a number of retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (6.44%), LSV Asset Management (3.83%), Dimensional Fund Advisors LP (3.45%), Franklin Resources Inc. (2.29%), Victory Capital Management Inc. (1.84%) and Royce & Associates LP (1.67%). Company insiders that own Meritor stock include Boise April Miller, 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
.

Which major investors are selling Meritor stock?

MTOR stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, Glenview Capital Management LLC, Geode Capital Management LLC, Price T Rowe Associates Inc. MD, LSV Asset Management, Dimensional Fund Advisors LP, Intrinsic Edge Capital Management LLC, and Arrowstreet Capital Limited Partnership. 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.

Which major investors are buying Meritor stock?

MTOR stock was acquired by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Pier Capital LLC, Eaton Vance Management, Royce & Associates LP, Palisade Capital Management LLC NJ, Kennedy Capital Management Inc., Nuveen Asset Management LLC, and Icon Advisers Inc. Co..
View insider buying and selling activity for Meritor
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Meritor's stock price today?

One share of MTOR stock can currently be purchased for approximately $22.57.

How much money does Meritor make?

Meritor has a market capitalization of $1.64 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.

How many employees does Meritor have?

Meritor employs 8,600 workers across the globe.

What is Meritor's official website?

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

Where are Meritor's headquarters?

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

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 6/23/2021 by MarketBeat.com Staff
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