Martinrea International Inc. (TSE:MRE - Free Report) - Stock analysts at Raymond James dropped their FY2024 earnings estimates for shares of Martinrea International in a research report issued on Wednesday, November 13th. Raymond James analyst M. Glen now anticipates that the company will earn $1.95 per share for the year, down from their previous forecast of $2.00. The consensus estimate for Martinrea International's current full-year earnings is $2.50 per share. Raymond James also issued estimates for Martinrea International's Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.60 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.56 EPS and FY2025 earnings at $2.33 EPS.
Several other brokerages have also recently weighed in on MRE. BMO Capital Markets reduced their price target on shares of Martinrea International from C$15.00 to C$13.00 in a research report on Thursday. CIBC reduced their target price on shares of Martinrea International from C$17.00 to C$14.50 in a report on Thursday. Finally, TD Securities lowered their price target on shares of Martinrea International from C$18.00 to C$13.00 in a report on Wednesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$15.75.
Check Out Our Latest Stock Report on MRE
Martinrea International Price Performance
MRE stock traded down C$0.13 during trading on Friday, reaching C$9.68. The company's stock had a trading volume of 350,527 shares, compared to its average volume of 155,793. 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 is C$11.16 and its 200-day moving average is C$11.40. Martinrea International has a 1 year low of C$9.52 and a 1 year high of C$14.59. The company has a market capitalization of C$724.16 million, a P/E ratio of 5.42, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08.
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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