Martinrea International Inc. (TSE:MRE - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$7.91 and last traded at C$8.26, with a volume of 177382 shares traded. The stock had previously closed at C$8.79.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. BMO Capital Markets downgraded Martinrea International from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from C$13.00 to C$11.00 in a research report on Monday, December 16th. CIBC raised their target price on Martinrea International from C$14.50 to C$14.75 and gave the stock an "outperform" rating in a research report on Monday, January 13th. Raymond James dropped their price objective on shares of Martinrea International from C$17.50 to C$14.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Finally, TD Securities cut their price target on shares of Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Martinrea International has an average rating of "Moderate Buy" and a consensus price target of C$13.45.
Read Our Latest Stock Analysis on MRE
Martinrea International Trading Down 0.9 %
The company has a market cap of C$638.13 million, a price-to-earnings ratio of 4.71, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 83.13. The company's fifty day moving average price is C$9.22 and its two-hundred day moving average price is C$10.42.
Martinrea International (TSE:MRE - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.19 EPS for the quarter, missing analysts' consensus estimates of C$0.47 by C($0.28). Martinrea International had a return on equity of 9.43% and a net margin of 2.65%. During the same period last year, the business posted $0.68 earnings per share. Research analysts expect that Martinrea International Inc. will post 2.4988962 earnings per share for the current year.
Insider Activity
In related news, Director Robert Peter Edward Wildeboer purchased 7,000 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were bought at an average price of C$10.02 per share, with a total value of C$70,140.00. 11.31% of the stock is owned by insiders.
About Martinrea International
(
Get Free Report)
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.
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