TD Securities Cuts Martinrea International (TSE:MRE) Price Target to C$18.00

by · The Markets Daily

Martinrea International (TSE:MRE – Get Free Report) had its target price dropped by equities researchers at TD Securities from C$19.00 to C$18.00 in a research note issued on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 58.03% from the company’s previous close.

Separately, BMO Capital Markets decreased their price objective on shares of Martinrea International from C$17.00 to C$15.00 in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Martinrea International presently has an average rating of “Moderate Buy” and a consensus target price of C$17.64.

Check Out Our Latest Stock Report on MRE

Martinrea International Stock Down 0.5 %

MRE stock opened at C$11.39 on Monday. Martinrea International has a 52 week low of C$10.05 and a 52 week high of C$14.59. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 83.13. The company has a market cap of C$852.09 million, a P/E ratio of 6.29, a P/E/G ratio of 0.82 and a beta of 2.09. The company’s 50-day moving average price is C$11.16 and its 200 day moving average price is C$11.52.

Martinrea International (TSE:MRE – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$0.58 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.03). The firm had revenue of C$1.30 billion during the quarter, compared to analyst estimates of C$1.33 billion. Martinrea International had a return on equity of 9.43% and a net margin of 2.65%. On average, research analysts expect that Martinrea International will post 2.5511983 earnings per share for the current fiscal year.

About Martinrea International

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Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.

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