Are Analysts Bearish Meritor, Inc. (NYSE:MTOR) After Last 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 dropped, 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.
Tudor Investment Et Al invested in 25,991 shares. Zeke Advsr Lc has invested 0.04% in Meritor, Inc. (NYSE:MTOR). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 4,739 shares. Northern Tru holds 1.05M shares. Trexquant Investment Ltd Partnership invested in 0.03% or 15,140 shares. Cubist Systematic Strategies Limited Liability Company holds 0% or 7,514 shares in its portfolio. Hotchkis Wiley Management Limited Com accumulated 232,751 shares. Cortina Asset Mngmt Ltd Llc holds 406,333 shares. Pnc Financial Gp has invested 0% in Meritor, Inc. (NYSE:MTOR). Stone Ridge Asset Mngmt Limited Liability Corporation has invested 0.02% in Meritor, Inc. (NYSE:MTOR). Eaton Vance holds 0.01% or 155,000 shares. Apg Asset Mgmt Nv, a Netherlands-based fund reported 18,700 shares. Elk Creek Partners Llc has 1.07% invested in Meritor, Inc. (NYSE:MTOR) for 591,712 shares. Jefferies Grp Ltd Liability Co holds 164,297 shares or 0.03% of its portfolio. State Street reported 1.67 million shares stake.

Since May 14, 2019, it had 1 buy, and 0 insider sales 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. The firm has “Neutral” rating by UBS given on Thursday, September 12. The stock of Meritor, Inc. (NYSE:MTOR) has “Neutral” rating given on Monday, August 26 by Citigroup. The rating was maintained by Buckingham Research on Friday, August 16 with “Buy”. 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: “Should Meritor (NYSE:MTOR) Be Disappointed With Their 68% Profit? – Yahoo Finance” on August 19, 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: “A Close Look At Meritor, Inc.’s (NYSE:MTOR) 22% ROCE – Yahoo Finance” with publication date: September 08, 2019.

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

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