Martinrea International (TSE:MRE) Price Target Lowered to C$18.00 at TD Securities

Martinrea International (TSE:MRE) had its target price lowered by TD Securities from C$19.00 to C$18.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 57.48% from the company’s current price.

Separately, BMO Capital Markets lowered their price target on shares of Martinrea International from C$17.00 to C$15.00 in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$17.64.

Martinrea International Trading Down 1.2 %

MRE stock traded down C$0.14 during trading on Monday, reaching C$11.43. 42,071 shares of the stock were exchanged, compared to its average volume of 157,769. The business has a 50 day moving average price of C$11.17 and a 200-day moving average price of C$11.52. The firm has a market capitalization of C$855.08 million, a price-to-earnings ratio of 6.33, a P/E/G ratio of 0.82 and a beta of 2.09. Martinrea International has a 1 year low of C$10.05 and a 1 year high of C$14.59. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 83.13.

Martinrea International (TSE:MRE) last issued its earnings results on Tuesday, August 6th. The company reported C$0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.61 by C($0.03). The company had revenue of C$1.30 billion during the quarter, compared to analyst estimates of C$1.33 billion. Martinrea International had a net margin of 2.65% and a return on equity of 9.43%. On average, research analysts predict that Martinrea International will post 2.5511983 earnings per share for the current year.

About Martinrea International

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.