The Meritor stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, Data-Driven rating system and does not include human intervention.
Meritor, Inc. engages in the design, production, and trade of integrated systems, modules, and components to original equipment manufacturers. It operates through the following segments: Commercial Truck and Trailer, and Aftermarket and Industrial. The Commercial Truck and Trailer segment supplies drivetrain systems and components, including axles, drivelines, and braking and suspension systems, primarily for medium- and heavy-duty trucks and other applications. The Aftermarket and Trailer segment provides axles, brakes, drivelines, suspension parts and other replacement parts to commercial vehicle and industrial aftermarket customers in North America and Europe. The company was founded in 1909 and is headquartered in Troy, MI.
The price to earnings ratio. This is used by investors to assess a stock’s market price relative to its earnings.
What was Meritor’s price range in the past 12 months?
Meritor lowest stock price was $18.16 and its highest was $33.56 in the past 12 months.
What is Meritor’s market cap?
Meritor’s market cap is $1.59B.
What is Meritor’s price target?
The average price target for Meritor is $30.50. This is based on 2 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $31.00 ,the lowest forecast is $30.00. The average price target represents 38.89% Increase from the current price of $21.96.
What do analysts say about Meritor?
Meritor’s analyst rating consensus is a ‘Moderate Buy. This is based on the ratings of 2 Wall Streets Analysts.
When is Meritor’s upcoming earnings report date?
Meritor’s upcoming earnings report date is Aug 04, 2021 which is next month.
How were Meritor’s earnings last quarter?
Meritor released its earnings results on May 04, 2021. The company reported $0.858 earnings per share for the quarter, beating the consensus estimate of $0.615 by $0.243.
Is Meritor overvalued?
According to Wall Street analysts Meritor’s price is currently Undervalued.
Does Meritor pay dividends?
Meritor does not currently pay dividends.
What is Meritor’s EPS estimate?
Meritor’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Meritor have?
Meritor has 72,580,000 shares outstanding.
What happened to Meritor’s price movement after its last earnings report?
Meritor reported an EPS of $0.858 in its last earnings report, beating expectations of $0.615. Following the earnings report the stock price went down -5.795%.
Which hedge fund is a major shareholder of Meritor?
Among the largest hedge funds holding Meritor’s share is Royce & Associates LLC. It holds Meritor’s shares valued at 36M.