Martinrea International Inc. (TSE:MRE - Free Report) - Stock analysts at Cormark decreased their FY2024 earnings per share (EPS) estimates for shares of Martinrea International in a note issued to investors on Wednesday, November 13th. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $1.73 for the year, down from their prior forecast of $2.12. The consensus estimate for Martinrea International's current full-year earnings is $2.50 per share.
Several other analysts have also weighed in on the company. CIBC cut their price objective on Martinrea International from C$17.00 to C$14.50 in a report on Thursday. TD Securities lowered their price objective on shares of Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday. Finally, BMO Capital Markets cut their target price on shares of Martinrea International from C$15.00 to C$13.00 in a research report on Thursday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$15.75.
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Martinrea International Stock Performance
Shares of TSE:MRE traded down C$0.13 during trading on Friday, hitting C$9.68. 350,527 shares of the company traded hands, compared to its average volume of 155,793. The business's fifty day moving average is C$11.16 and its 200-day moving average is C$11.40. The stock has a market capitalization of C$724.16 million, a price-to-earnings ratio of 5.42, 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 1.25 and a debt-to-equity ratio of 83.13. Martinrea International has a one year low of C$9.52 and a one year high of C$14.59.
Martinrea International Company Profile
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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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