Martinrea International (TSE:MRE) Given New C$14.00 Price Target at CIBC

Martinrea International (TSE:MRE - Free Report) had its price objective decreased by CIBC from C$14.75 to C$14.00 in a report published on Monday morning,BayStreet.CA reports.

Several other research firms have also recently weighed in on MRE. BMO Capital Markets cut Martinrea International from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from C$13.00 to C$11.00 in a research report on Monday, December 16th. Raymond James lowered their price target on shares of Martinrea International from C$17.50 to C$14.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th. Finally, TD Securities dropped their price objective on shares of Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$13.30.

Martinrea International Stock Performance

Shares of MRE traded up C$0.09 during trading hours on Monday, hitting C$8.51. The company had a trading volume of 121,745 shares, compared to its average volume of 150,853. The firm has a market cap of C$632.57 million, a price-to-earnings ratio of 6.34, a PEG ratio of 0.82 and a beta of 2.08. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 80.32. Martinrea International has a 12 month low of C$7.91 and a 12 month high of C$14.27. The business has a fifty day moving average of C$9.05 and a 200-day moving average of C$10.30.

Martinrea International (TSE:MRE - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported C$0.19 EPS for the quarter, missing the consensus estimate of C$0.47 by C($0.28). Martinrea International had a net margin of 1.95% and a return on equity of 6.62%. During the same period last year, the company posted $0.68 earnings per share. Equities analysts anticipate that Martinrea International will post 2.4988962 EPS for the current fiscal year.

Insider Activity at Martinrea International

In other news, Director Robert Peter Edward Wildeboer purchased 7,000 shares of Martinrea International stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average price of C$10.02 per share, for a total transaction of C$70,140.00. 11.31% of the stock is owned by insiders.

Martinrea International Company Profile

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids.