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Meritor, Inc. (MTOR) Reaches $23.44 After 5.00% Down Move; Gerdau SA (GGB) Shorts Raised By 5.48%

Gerdau SA (NYSE:GGB) had an increase of 5.48% in short interest. GGB’s SI was 22.68M shares in January as released by FINRA. Its up 5.48% from 21.50M shares previously. With 6.88M avg volume, 3 days are for Gerdau SA (NYSE:GGB)’s short sellers to cover GGB’s short positions. The stock decreased 1.26% or $0.0588 during the last trading session, reaching $4.5912. About 4.40 million shares traded. Gerdau S.A. (NYSE:GGB) has risen 83.44% since January 18, 2017 and is uptrending. It has outperformed by 66.74% the S&P500.

The stock of Meritor, Inc. (NYSE:MTOR) is a huge mover today! The stock decreased 2.82% or $0.68 during the last trading session, reaching $23.44. About 275,042 shares traded. Meritor, Inc. (NYSE:MTOR) has risen 104.71% since January 18, 2017 and is uptrending. It has outperformed by 88.01% the S&P500.The move comes after 7 months negative chart setup for the $2.08B company. It was reported on Jan, 18 by Barchart.com. We have $22.27 PT which if reached, will make NYSE:MTOR worth $103.80M less.

Analysts await Meritor, Inc. (NYSE:MTOR) to report earnings on February, 7. They expect $0.47 earnings per share, up 88.00% or $0.22 from last year’s $0.25 per share. MTOR’s profit will be $41.63 million for 12.47 P/E if the $0.47 EPS becomes a reality. After $0.62 actual earnings per share reported by Meritor, Inc. for the previous quarter, Wall Street now forecasts -24.19% negative EPS growth.

Since August 8, 2017, it had 0 insider purchases, and 3 selling transactions for $697,739 activity. Craig Jeffrey A had sold 22,368 shares worth $523,009 on Monday, December 11. $94,113 worth of Meritor, Inc. (NYSE:MTOR) was sold by Villavarayan Chris on Wednesday, December 13. 4,192 shares valued at $80,617 were sold by Speed Robert H. on Tuesday, August 8.

Among 11 analysts covering Meritor (NYSE:MTOR), 4 have Buy rating, 1 Sell and 6 Hold. Therefore 36% are positive. Meritor had 39 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, August 4. The company was maintained on Monday, September 4 by Stifel Nicolaus. JP Morgan maintained the shares of MTOR in report on Tuesday, September 12 with “Neutral” rating. RBC Capital Markets maintained it with “Buy” rating and $31.0 target in Wednesday, September 20 report. Longbow upgraded Meritor, Inc. (NYSE:MTOR) on Friday, August 14 to “Buy” rating. The firm has “Underweight” rating by Piper Jaffray given on Tuesday, June 28. The stock of Meritor, Inc. (NYSE:MTOR) earned “Sector Weight” rating by KeyBanc Capital Markets on Thursday, September 28. The stock has “Buy” rating by Stifel Nicolaus on Monday, September 11. The stock of Meritor, Inc. (NYSE:MTOR) has “Equal Weight” rating given on Tuesday, December 15 by Barclays Capital. The firm earned “Buy” rating on Wednesday, July 19 by RBC Capital Markets.

Investors sentiment increased to 1.78 in 2017 Q3. Its up 0.66, from 1.12 in 2017Q2. It improved, as 14 investors sold Meritor, Inc. shares while 53 reduced holdings. 65 funds opened positions while 54 raised stakes. 83.56 million shares or 2.18% more from 81.78 million shares in 2017Q2 were reported. 131,352 are held by Pacific Alternative Asset Mgmt Ltd Liability Com. Cubist Systematic Strategies Ltd Llc accumulated 0.04% or 28,559 shares. 157,077 were accumulated by Invesco Ltd. Voloridge Management Llc reported 0.09% in Meritor, Inc. (NYSE:MTOR). New York State Common Retirement Fund holds 184,463 shares. Hancock Holdings Communications reported 0.06% of its portfolio in Meritor, Inc. (NYSE:MTOR). Glenmede Tru Na has 0% invested in Meritor, Inc. (NYSE:MTOR). Panagora Asset Mngmt invested in 481,074 shares or 0.05% of the stock. Denali Advisors Lc accumulated 227 shares or 0% of the stock. Chase Counsel reported 18,760 shares. Loomis Sayles And Company L P stated it has 0% of its portfolio in Meritor, Inc. (NYSE:MTOR). Bankshares Of Montreal Can has 0% invested in Meritor, Inc. (NYSE:MTOR) for 5,001 shares. Natixis holds 10,423 shares. Bogle Mngmt Limited Partnership De holds 1.14% or 645,986 shares in its portfolio. Bnp Paribas Arbitrage stated it has 293,642 shares or 0.02% of all its holdings.

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 $2.08 billion. It operates through two divisions, Commercial Truck & Industrial; and Aftermarket & Trailer. It has a 6.53 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.

Gerdau S.A. provides steel-related products and services worldwide. The company has market cap of $7.80 billion. The firm operates through Brazil Operations, North America Operations, South America Operations, and Special Steel Operations. It currently has negative earnings. It offers semi-finished products, such as billets, blooms, and slabs; common long rolled products, including rebars, merchant bars, and profiles that are used by the construction and manufacturing industries; and drawn products consisting of barbed and barbless fence wire, galvanized wire, fences, concrete reinforcing wire mesh, nails, and clamps, as well as mines and produces iron ore.

Among 7 analysts covering Gerdau (NYSE:GGB), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Gerdau had 10 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Buy” rating by J.P. Morgan on Friday, September 1. The firm earned “Buy” rating on Monday, November 27 by Bank of America. The company was upgraded on Thursday, August 4 by Credit Suisse. The company was upgraded on Thursday, August 18 by Morgan Stanley. Goldman Sachs initiated the stock with “Buy” rating in Monday, August 10 report. The rating was downgraded by Credit Suisse to “Hold” on Thursday, September 7. Scotia Capital downgraded Gerdau S.A. (NYSE:GGB) on Tuesday, October 25 to “Underperform” rating. The stock of Gerdau S.A. (NYSE:GGB) earned “Overweight” rating by JP Morgan on Friday, September 1. On Monday, February 22 the stock rating was downgraded by Bank of America to “Underperform”.

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