The stock of Meritor Inc (NYSE:MTOR) hit a new 52-week high and has $18.48 target or 59.00% above today’s $11.62 share price. The 5 months bullish chart indicates low risk for the $1.07 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $18.48 price target is reached, the company will be worth $631.30M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.43M shares traded hands or 111.52% up from the average. Meritor Inc (NYSE:MTOR) has risen 44.67% since April 11, 2016 and is uptrending. It has outperformed by 38.53% the S&P500.
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. Barclays Capital maintained the shares of MTOR in a report on Monday, January 25 with “Equal Weight” rating. UBS maintained Meritor Inc (NYSE:MTOR) rating on Thursday, November 12. UBS has “Neutral” rating and $12 price target. As per Tuesday, June 28, the company rating was downgraded by Piper Jaffray. On Friday, August 14 the stock rating was upgraded by Longbow to “Buy”. Barclays Capital maintained the shares of MTOR in a report on Tuesday, December 15 with “Equal Weight” rating.
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 Q2 2016. Its down 0.04, from 0.75 in 2016Q1. The ratio dived, 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.
Fincl Bank Of America Corporation De last reported 206,478 shares in the company. State Board Of Administration Of Florida Retirement System owns 77,115 shares or 0% of their US portfolio. Capital Guardian Trust owns 672 shares or 0% of their US portfolio. Blackrock Grp Limited has 0% invested in the company for 73,786 shares. Jpmorgan Chase And Co last reported 0% of its portfolio in the stock. Virginia Retirement Systems Et Al last reported 31,100 shares in the company. Manufacturers Life Ins The, a Ontario – Canada-based fund reported 59,145 shares. Credit Suisse Ag holds 0% or 109,122 shares in its portfolio. Teachers Advisors has 161,781 shares for 0% of their US portfolio. Lasry Marc has 4.85 million shares for 8.18% of their US portfolio. Ahl Partners Ltd Liability Partnership owns 14,814 shares or 0.01% of their US portfolio. Public Employees Retirement Association Of Colorado accumulated 0% or 27,414 shares. Moreover, James Research has 0% invested in Meritor Inc (NYSE:MTOR) for 5,550 shares. Kennedy Cap Management Incorporated last reported 475,693 shares in the company. Alliancebernstein L P has invested 0% of its portfolio in Meritor Inc (NYSE:MTOR).
Insider Transactions: Since May 19, 2016, the stock had 1 insider purchase, and 0 insider sales for $22,420 net activity. 2,799 Meritor Inc (NYSE:MTOR) shares with value of $22,420 were bought by LYONS WILLIAM J.
More notable recent Meritor Inc (NYSE:MTOR) news were published by: Prnewswire.com which released: “Meritor Appoints April Miller Boise Senior Vice President, General Counsel and …” on August 15, 2016, also Fool.com with their article: “Why Meritor Inc.’s Shares Rose 22% Today” published on August 03, 2016, Prnewswire.com published: “Meritor to Present at RBC Capital Markets 2016 Industrials Conference” on September 06, 2016. More interesting news about Meritor Inc (NYSE:MTOR) were released by: Fool.com and their article: “Why Meritor Inc.’s Shares Plunged 12% on Tuesday” published on June 28, 2016 as well as Fool.com‘s news article titled: “Why Meritor Inc. Shares Plunged Today” with publication date: February 03, 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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