Is there a Bearish outlook for Meritor, Inc. (NYSE:MTOR) this week?

Meritor, Inc. (NYSE:MTOR) Logo
Investors sentiment decreased to 0.98 in 2019 Q2. Its down 0.31, from 1.29 in 2019Q1. It is negative, as 24 investors sold Meritor, Inc. shares while 69 reduced holdings. 36 funds opened positions while 55 raised stakes. 77.09 million shares or 0.63% more from 76.61 million shares in 2019Q1 were reported.
37,173 were reported by Comerica National Bank. Eaton Vance holds 0.01% or 155,000 shares. Hotchkis & Wiley Cap Mgmt Ltd Company reported 0.02% in Meritor, Inc. (NYSE:MTOR). Fifth Third Fincl Bank has 0% invested in Meritor, Inc. (NYSE:MTOR). Susquehanna Limited Liability Partnership owns 68,348 shares or 0% of their US portfolio. Amalgamated Bank & Trust holds 0.01% of its portfolio in Meritor, Inc. (NYSE:MTOR) for 13,956 shares. Cortina Asset Mgmt Lc invested 0.61% in Meritor, Inc. (NYSE:MTOR). 14,466 are owned by Envestnet Asset Mgmt. Gam Hldg Ag holds 72,201 shares or 0.07% of its portfolio. Td Asset Incorporated stated it has 20,000 shares or 0% of all its holdings. Jefferies Group Inc Ltd Liability Com reported 164,297 shares stake. Towle has 6.57% invested in Meritor, Inc. (NYSE:MTOR). Moreover, Cooper Creek Ltd Co has 2.7% invested in Meritor, Inc. (NYSE:MTOR). Stifel Financial holds 9,928 shares or 0% of its portfolio. California-based Menta Capital Ltd Liability Corporation has invested 0.46% in Meritor, Inc. (NYSE:MTOR).

Since May 14, 2019, it had 1 buying transaction, and 0 selling transactions for $42,000 activity.

Meritor, Inc. (NYSE:MTOR) Ratings Coverage

Among 3 analysts covering Meritor (NYSE:MTOR), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Meritor has $3000 highest and $2100 lowest target. $24’s average target is 18.75% above currents $20.21 stock price. Meritor had 6 analyst reports since May 6, 2019 according to SRatingsIntel. UBS maintained the stock with “Neutral” rating in Thursday, September 12 report. The rating was maintained by Citigroup on Monday, August 26 with “Neutral”. The rating was maintained by Buckingham Research with “Buy” on Friday, August 16. Below is a list of Meritor, Inc. (NYSE:MTOR) latest ratings and price target changes.

12/09/2019 Broker: UBS Rating: Neutral Old Target: $25.0000 New Target: $21.0000 Maintain
26/08/2019 Broker: Citigroup Rating: Neutral Old Target: $25.0000 New Target: $21.0000 Maintain
16/08/2019 Broker: Buckingham Research Rating: Buy Old Target: $33.0000 New Target: $30.0000 Maintain
31/05/2019 Broker: BidaskScore Rating: Hold Upgrade
15/05/2019 Broker: BidaskScore Rating: Hold Downgrade
06/05/2019 Broker: Inc. Common Stock Rating: Longbow Research

The stock increased 3.48% or $0.68 during the last trading session, reaching $20.21. About 692,866 shares traded. Meritor, Inc. (NYSE:MTOR) has risen 26.89% since September 13, 2018 and is uptrending. It has outperformed by 26.89% the S&P500.

Meritor, Inc. designs, develops, manufactures, markets, distributes, sells, services, and supports integrated systems, modules, and components to original equipment manufacturers and the aftermarket for the commercial vehicle, transportation, and industrial sectors worldwide. The company has market cap of $1.67 billion. It operates through two divisions, Commercial Truck & Industrial; and Aftermarket & Trailer. It has a 6.34 P/E ratio. The Commercial Truck & Industrial segment supplies drivetrain systems and components, including axles, drivelines, and braking and suspension systems primarily for medium-and heavy-duty trucks, off-highway, military, construction, bus and coach, fire and emergency, and other applications.

More notable recent Meritor, Inc. (NYSE:MTOR) news were published by: Finance.Yahoo.com which released: “A Close Look At Meritor, Inc.’s (NYSE:MTOR) 22% ROCE – Yahoo Finance” on September 08, 2019, also Seekingalpha.com with their article: “Green shoots for Chinese auto? – Seeking Alpha” published on August 28, 2019, Crainsdetroit.com published: “Troy-based Meritor opens $36.5 million axle assembly facility in India – Crain’s Detroit Business” on August 15, 2019. More interesting news about Meritor, Inc. (NYSE:MTOR) were released by: Seekingalpha.com and their article: “Meritor expands defense portfolio after acquisition – Seeking Alpha” published on September 11, 2019 as well as Finance.Yahoo.com‘s news article titled: “Should Meritor (NYSE:MTOR) Be Disappointed With Their 68% Profit? – Yahoo Finance” with publication date: August 19, 2019.

Meritor, Inc. (NYSE:MTOR) Institutional Positions Chart

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