Martinrea International Inc. (TSE:MRE - Free Report) - Equities researchers at Raymond James lowered their Q4 2024 earnings per share estimates for shares of Martinrea International in a research report issued on Thursday, January 9th. Raymond James analyst M. Glen now forecasts that the company will post earnings of $0.21 per share for the quarter, down from their prior estimate of $0.30. Raymond James currently has a "Outperform" rating and a $14.00 price target on the stock. 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 Q3 2025 earnings at $0.56 EPS.
A number of other research firms have also recently weighed in on MRE. CIBC lowered their target price on shares of Martinrea International from C$17.00 to C$14.50 in a research note on Thursday, November 14th. BMO Capital Markets cut Martinrea International from an "outperform" rating to a "market perform" rating and decreased their price target for the company from C$13.00 to C$11.00 in a report on Monday, December 16th. Finally, TD Securities dropped their price objective on Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$13.40.
Check Out Our Latest Stock Report on Martinrea International
Martinrea International Price Performance
Shares of TSE:MRE opened at C$8.39 on Monday. The firm's 50 day simple moving average is C$9.73 and its two-hundred day simple moving average is C$10.74. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. The company has a market capitalization of C$627.66 million, a P/E ratio of 4.64, a P/E/G ratio of 0.82 and a beta of 2.08. Martinrea International has a 1-year low of C$8.35 and a 1-year high of C$14.45.
Insider Buying and Selling at Martinrea International
In other news, Director Robert Peter Edward Wildeboer purchased 7,000 shares of the business's stock in a transaction on Friday, November 22nd. The stock was 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 currently owned by insiders.
Martinrea International Company Profile
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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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