Price Don’t Lie: Can Meritor Inc’s Tomorrow be Different? The Stock Just Broke Its High

Price Don't Lie: Can Meritor Inc's Tomorrow be Different? The Stock Just Broke Its High

The stock of Meritor Inc (NYSE:MTOR) hit a new 52-week high and has $13.24 target or 6.00% above today’s $12.49 share price. The 7 months bullish chart indicates low risk for the $1.10 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $13.24 price target is reached, the company will be worth $66.00M 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 431,298 shares traded hands. Meritor Inc (NYSE:MTOR) has risen 43.22% since April 20, 2016 and is uptrending. It has outperformed by 38.67% 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. The company was maintained on Thursday, November 12 by UBS. The firm has “Underweight” rating given on Tuesday, June 28 by Piper Jaffray. The firm earned “Buy” rating on Friday, August 14 by Longbow. The firm has “Equal Weight” rating given on Monday, January 25 by Barclays Capital. On Tuesday, December 15 the stock rating was maintained by Barclays Capital with “Equal Weight”.

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 increased to 1.15 in Q2 2016. Its up 0.44, from 0.71 in 2016Q1. The ratio is positive, 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.
Loring Wolcott & Coolidge Fiduciary Advsr Limited Liability Partnership Ma holds 0% of its portfolio in Meritor Inc (NYSE:MTOR) for 741 shares. Massmutual Trust Communication Fsb Adv reported 99 shares or 0% of all its holdings. Hotchkis & Wiley Capital Mngmt Limited Liability Company has invested 0.08% of its portfolio in Meritor Inc (NYSE:MTOR). Finemark Natl Bancshares holds 124 shares or 0% of its portfolio. Wolverine Asset Mngmt Ltd has 0% invested in the company for 21,700 shares. Frontier Capital Mngmt Llc has invested 0.08% of its portfolio in Meritor Inc (NYSE:MTOR). First Heartland Consultants last reported 88,880 shares in the company. California State Teachers Retirement accumulated 0% or 181,909 shares. Voya Invest Management Limited Liability Co last reported 0% of its portfolio in the stock. Nationwide Fund Advisors accumulated 207,339 shares or 0.01% of the stock. Morgan Stanley accumulated 1.67 million shares or 0% of the stock. Lucus Advsr Limited Liability Company has 48,908 shares for 0.29% of their US portfolio. Teachers Incorporated has 0% invested in the company for 161,781 shares. Walleye Trading Llc accumulated 0% or 1,234 shares. Prudential Financial Incorporated, a New Jersey-based fund reported 350,516 shares.

Another recent and important Meritor Inc (NYSE:MTOR) news was published by Nasdaq.com which published an article titled: “Earnings Reaction History: Meritor Inc., 60.0% Follow-Through Indicator, 8.4 …” on November 16, 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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