Meritor, Inc. (MTOR) Stock Is Rising Now

Meritor, Inc. (NYSE:MTOR) Logo

Investors sentiment decreased to 0.98 in Q2 2019. Its down 0.31, from 1.29 in 2019Q1. It turned 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.
Moreover, Zeke Advisors has 0.04% invested in Meritor, Inc. (NYSE:MTOR). Zacks Inv has invested 0.03% of its portfolio in Meritor, Inc. (NYSE:MTOR). Cornerstone Advsrs holds 59 shares or 0% of its portfolio. Blackrock has invested 0.01% of its portfolio in Meritor, Inc. (NYSE:MTOR). State Board Of Administration Of Florida Retirement stated it has 66,801 shares or 0% of all its holdings. Savings Bank Of New York Mellon Corp reported 0% of its portfolio in Meritor, Inc. (NYSE:MTOR). Eam Ltd Llc owns 62,425 shares for 0.37% of their portfolio. Matarin Mgmt Ltd accumulated 1% or 575,702 shares. Boston Ltd Liability Corporation accumulated 17,742 shares. Robotti Robert accumulated 48,780 shares. Paloma Prtn Mngmt holds 0.01% of its portfolio in Meritor, Inc. (NYSE:MTOR) for 12,764 shares. 7.21 million are held by Glenview Capital Mngmt Ltd Liability Corp. Qs has invested 0.03% in Meritor, Inc. (NYSE:MTOR). Fifth Third Financial Bank holds 0% or 374 shares. Livforsakringsbolaget Skandia Omsesidigt stated it has 0.08% in Meritor, Inc. (NYSE:MTOR).

Since May 14, 2019, it had 1 insider buy, and 0 insider sales for $42,000 activity.

The stock of Meritor, Inc. (NYSE:MTOR) is a huge mover today! The stock increased 3.58% or $0.7 during the last trading session, reaching $20.23. About 433,621 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.
The move comes after 9 months positive chart setup for the $1.67B company. It was reported on Sep, 13 by Barchart.com. We have $21.04 PT which if reached, will make NYSE:MTOR worth $66.84 million more.

Analysts await Meritor, Inc. (NYSE:MTOR) to report earnings on November, 13. They expect $0.68 EPS, down 17.07 % or $0.14 from last year’s $0.82 per share. MTOR’s profit will be $56.17 million for 7.44 P/E if the $0.68 EPS becomes a reality. After $1.20 actual EPS reported by Meritor, Inc. for the previous quarter, Wall Street now forecasts -43.33 % negative EPS growth.

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 18.64% above currents $20.23 stock price. Meritor had 6 analyst reports since May 6, 2019 according to SRatingsIntel. The firm has “Buy” rating given on Friday, August 16 by Buckingham Research. The firm earned “Neutral” rating on Monday, August 26 by Citigroup. The firm has “Neutral” rating by UBS given on Thursday, September 12.

More notable recent Meritor, Inc. (NYSE:MTOR) news were published by: Finance.Yahoo.com which released: “Meritor Expands Axle-Making Footprint In India With $36.5 Million Investment – Yahoo Finance” on August 14, 2019, also Finance.Yahoo.com with their article: “Should Meritor (NYSE:MTOR) Be Disappointed With Their 68% Profit? – Yahoo Finance” published on August 19, 2019, Finance.Yahoo.com published: “A Close Look At Meritor, Inc.’s (NYSE:MTOR) 22% ROCE – Yahoo Finance” on September 08, 2019. More interesting news about Meritor, Inc. (NYSE:MTOR) were released by: Seekingalpha.com and their article: “Green shoots for Chinese auto? – Seeking Alpha” published on August 28, 2019 as well as Crainsdetroit.com‘s news article titled: “Troy-based Meritor opens $36.5 million axle assembly facility in India – Crain’s Detroit Business” with publication date: August 15, 2019.

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 6.35 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.

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

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