Martinrea International (TSE:MRE) Price Target Cut to C$14.00 by Analysts at Raymond James

Martinrea International (TSE:MRE) had its target price reduced by Raymond James from C$17.50 to C$14.00 in a report published on Friday morning,BayStreet.CA reports. Raymond James currently has an outperform rating on the stock. Raymond James also issued estimates for Martinrea International’s Q4 2024 earnings at $0.21 EPS and Q3 2025 earnings at $0.56 EPS.

Other equities research analysts also recently issued research reports about the company. CIBC lowered their price target on Martinrea International from C$17.00 to C$14.50 in a research report on Thursday, November 14th. BMO Capital Markets cut shares of 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. Finally, TD Securities cut their price target on shares of Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Martinrea International currently has an average rating of “Moderate Buy” and a consensus price target of C$13.40.

Martinrea International Trading Down 3.2 %

Shares of MRE opened at C$8.39 on Friday. Martinrea International has a 1-year low of C$8.35 and a 1-year high of C$14.45. 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. 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 firm’s 50 day simple moving average is C$9.73 and its 200 day simple moving average is C$10.74.

Insider Activity

In other news, Director Robert Peter Edward Wildeboer acquired 7,000 shares of the firm’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. Insiders own 11.31% of the company’s stock.

About Martinrea International

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.