Notable Reporting: After Today’s Significant Increase, Is Meritor Inc’s Near-Term Analysis Positive?

Notable Reporting: After Today's Significant Increase, Is Meritor Inc's Near Term Analysis Positive?

The stock of Meritor Inc (NYSE:MTOR) is a huge mover today! About 890,147 shares traded hands or 46.30% up from the average. Meritor Inc (NYSE:MTOR) has risen 42.45% since February 26, 2016 and is uptrending. It has outperformed by 32.03% the S&P500.
The move comes after 6 months positive chart setup for the $938.16M company. It was reported on Oct, 1 by We have $18.19 PT which if reached, will make NYSE:MTOR worth $591.04M more.

Analysts await Meritor Inc (NYSE:MTOR) to report earnings on November, 8. They expect $0.34 EPS, down 12.82% or $0.05 from last year’s $0.39 per share. MTOR’s profit will be $28.58M for 8.21 P/E if the $0.34 EPS becomes a reality. After $0.57 actual EPS reported by Meritor Inc for the previous quarter, Wall Street now forecasts -40.35% negative EPS growth.

Meritor Inc (NYSE:MTOR) Ratings Coverage

Out of 5 analysts covering Meritor (NYSE:MTOR), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. Meritor has been the topic of 9 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of Meritor Inc (NYSE:MTOR) earned “Equal Weight” rating by Barclays Capital on Tuesday, December 15. Barclays Capital maintained the shares of MTOR in a report on Monday, January 25 with “Equal Weight” rating. On Tuesday, June 28 the stock rating was downgraded by Piper Jaffray to “Underweight”. The stock of Meritor Inc (NYSE:MTOR) has “Neutral” rating given on Thursday, November 12 by UBS. The stock of Meritor Inc (NYSE:MTOR) has “Buy” rating given on Friday, August 14 by Longbow.

According to Zacks Investment Research, “Meritor, Inc., formerly known as ArvinMeritor, Inc., supplies drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets. The Company serves commercial truck, trailer, off-highway, defense, and specialty and aftermarket customers around the globe. It operates in three segments: Commercial Truck, Industrial, and Aftermarket & Trailer. The Company sells its products under the brand names of Meritor, Euclid, Mascot, Trucktechnic, Meritor WABCO, and Gabriel to motor carriers, OE dealers, and independent distributors. Meritor, Inc. is based in Troy, Michigan.”

Insitutional Activity: The institutional sentiment decreased to 0.71 in 2016 Q2. Its down 0.04, from 0.75 in 2016Q1. The ratio turned negative, as 31 funds sold all Meritor Inc shares owned while 48 reduced positions. 18 funds bought stakes while 38 increased positions. They now own 78.57 million shares or 2.19% less from 80.32 million shares in 2016Q1.
Paloma Prtnrs holds 106,926 shares or 0.01% of its portfolio. Northern holds 0% or 1.09M shares in its portfolio. Goldman Sachs Gru has invested 0% of its portfolio in Meritor Inc (NYSE:MTOR). Wellington Mngmt Gru Ltd Liability Partnership owns 394,293 shares or 0% of their US portfolio. Vanguard reported 10.72M shares or 0% of all its holdings. Legal & General Group Public Ltd, a United Kingdom-based fund reported 90,338 shares. Ajo Limited Partnership owns 255,007 shares or 0.01% of their US portfolio. Hsbc Public Llc last reported 0% of its portfolio in the stock. Metropolitan Life Insur Ny reported 66,053 shares or 0% of all its holdings. Blackrock Institutional Tru Com Na last reported 0% of its portfolio in the stock. Moreover, Balyasny Asset Mgmt Llc has 0% invested in Meritor Inc (NYSE:MTOR) for 25,225 shares. The California-based Hotchkis Wiley Cap Mgmt Ltd Llc has invested 0.08% in Meritor Inc (NYSE:MTOR). Lsv Asset Mgmt owns 4.99M shares or 0.07% of their US portfolio. Tfs Capital Ltd Liability has 0.06% invested in the company for 43,848 shares. Comml Bank Of America De reported 206,478 shares or 0% of all its holdings.

Insider Transactions: Since May 19, 2016, the stock had 1 insider buy, and 0 sales for $22,420 net activity. LYONS WILLIAM J bought $22,420 worth of stock.

More notable recent Meritor Inc (NYSE:MTOR) news were published by: which released: “Meritor Appoints April Miller Boise Senior Vice President, General Counsel and …” on August 15, 2016, also with their article: “Meritor to Present at RBC Capital Markets 2016 Industrials Conference” published on September 06, 2016, published: “Why Meritor Inc.’s Shares Plunged 12% on Tuesday” on June 28, 2016. More interesting news about Meritor Inc (NYSE:MTOR) were released by: and their article: “Ivor J. “Ike” Evans to Step Down as Executive Chairman of Meritor” published on April 21, 2016 as well as‘s news article titled: “Meritor Employees Complete 3970 Pushups to Raise Awareness of Issues Affecting …” with publication date: August 29, 2016.

MTOR Company Profile

Meritor, Inc., incorporated on March 31, 2000, is engaged in the development, manufacture, sale, assembly, distribution, import and export of movement control systems for buses, trailers and trucks and their parts and components. It supplies a portfolio of axle, brake and suspension solutions to original equipment manufacturers (OEM) and the aftermarket for the transportation and industrial sectors. It serves commercial truck, trailer, bus and coach and off-highway machinery manufacturers, in addition to defense contractors. The Company’s services and products include axles, brakes and safety systems, drivelines, suspensions, trailer, aftermarket, logistics and defense. The Company’s divisions include commercial truck & industrial, and aftermarket & trailer. The Company’s commercial truck & industrial segment supplies drivetrain systems and components, including axles, drivelines, braking and suspension systems, primarily for medium- and heavy-duty trucks in North America, South America and Europe. This segment also supplies components for defense, construction, bus and coach, mining, fire and emergency applications, and Aftermarket & Trailer segment, which supplies new and remanufactured axles, brakes, suspensions, transmissions and components for all-makes aftermarket customers, and also supplies a variety of undercarriage products and systems for trailer applications.

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