Raymond James Issues Negative Forecast for TSE:MRE Earnings

Martinrea International Inc. (TSE:MRE) – Raymond James cut their Q4 2024 EPS 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 per share of $0.21 for the quarter, down from their previous estimate of $0.30. Raymond James currently has a “Outperform” rating and a $14.00 target price 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.

MRE has been the subject of a number of other reports. CIBC decreased their price target on Martinrea International from C$17.00 to C$14.50 in a research note on Thursday, November 14th. TD Securities decreased their target price on Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday, November 13th. Finally, BMO Capital Markets cut shares of Martinrea International from an “outperform” rating to a “market perform” rating and cut their price target for the stock from C$13.00 to C$11.00 in a report on Monday, December 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.40.

Martinrea International Stock Down 3.2 %

Shares of TSE MRE opened at C$8.39 on Monday. Martinrea International has a 1 year low of C$8.35 and a 1 year high of C$14.45. The firm has a 50-day simple moving average of C$9.73 and a two-hundred day simple moving average of C$10.74. The company has a market cap of C$627.66 million, a P/E ratio of 4.64, a PEG 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.

Insiders Place Their Bets

In related news, Director Robert Peter Edward Wildeboer purchased 7,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were acquired at an average cost of C$10.02 per share, for a total transaction of C$70,140.00. Company 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.