Raymond James Analysts Cut Earnings Estimates for TSE:MRE

Martinrea International Inc. (TSE:MRE - Free Report) - Analysts at Raymond James cut their Q4 2024 earnings estimates for Martinrea International in a research report issued to clients and investors on Wednesday, November 13th. Raymond James analyst M. Glen now expects that the company will earn $0.30 per share for the quarter, down from their previous estimate of $0.45. The consensus estimate for Martinrea International's current full-year earnings is $2.50 per share.

MRE has been the subject of several other reports. CIBC dropped their target price on shares of Martinrea International from C$17.00 to C$14.50 in a research report on Thursday. BMO Capital Markets lowered their price target on shares of Martinrea International from C$15.00 to C$13.00 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, November 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$15.75.

Martinrea International Stock Up 2.3 %

Shares of MRE stock traded up C$0.22 on Monday, hitting C$9.90. The stock had a trading volume of 137,292 shares, compared to its average volume of 155,710. The business has a 50 day moving average of C$11.13 and a 200 day moving average of C$11.39. The stock has a market cap of C$740.62 million, a price-to-earnings ratio of 5.35, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. Martinrea International has a 12-month low of C$9.52 and a 12-month high of C$14.59.

Martinrea International Company Profile

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.