Meritor
Ticker: MTOR
YTD stock performance: -74%
Market cap: $503 million
Fortune 500 rank: 463

Meritor made the list of top-performing stocks last year, but investors have turned bearish on the maker of commercial truck parts.

The stock is down 71% this year, erasing all of last year's gains, and then some.

Meritor said in November that fiscal 2011 sales rose 31% on "strengthening truck demand in all regions." But the company's forecast for fiscal 2012 sales growth was well below what analysts were expecting.

Investors are worried about declining truck volumes in Europe and Brazil, as well as softening demand for construction equipment in China. They are also unhappy with Meritor's weak cash flow and lackluster profit margins.

This combination of factors "leads us to believe that it will take [Meritor] several quarters to re-establish confidence in its earnings power," analysts at Barclay's Capital wrote in a recent report.


By CNNMoney's Ben Rooney and Fortune's Alex Konrad @FortuneMagazine - Last updated December 21 2011: 8:14 AM ET
Join the Conversation
Fortune 500: Top-performing stocks of 2011

It's been a hot and cold year for the stock market, but these Fortune 500 companies managed to float to the top with impressive gains. From Ross Stores to MasterCard, here are the biggest winners.

Most Popular
 
 
 
 
 

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.