Posted by admin on Jul 29th, 2022
Shares of Martinrea International Inc. (TSE:MRE – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$12.25.
MRE has been the subject of several analyst reports. Raymond James set a C$11.00 price target on Martinrea International and gave the stock a “market perform” rating in a research note on Friday, May 6th. CIBC cut Martinrea International from an “outperform” rating to a “hold” rating and cut their price objective for the stock from C$12.00 to C$10.00 in a research report on Thursday, June 2nd. Finally, Scotiabank increased their price objective on Martinrea International from C$12.00 to C$13.00 in a research report on Friday, May 6th.
Martinrea International stock opened at C$9.34 on Friday. Martinrea International has a 12 month low of C$7.43 and a 12 month high of C$12.82. The company has a debt-to-equity ratio of 108.05, a current ratio of 1.19 and a quick ratio of 0.70. The business has a 50 day simple moving average of C$8.88 and a 200-day simple moving average of C$9.10. The stock has a market capitalization of C$750.63 million and a PE ratio of 33.36.
Martinrea International (TSE:MRE – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported C$0.31 EPS for the quarter, topping the consensus estimate of C$0.13 by C$0.18. The company had revenue of C$1.16 billion for the quarter, compared to analysts’ expectations of C$990.00 million. Equities analysts predict that Martinrea International will post 2.5299998 earnings per share for the current year.
Martinrea International Inc designs, develops, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. It offers engine blocks, transmissions, cases, housings, oil coolers, hoses, tube assemblies, oil fillers, tubes, indicators, oil pick-up screens and pipes, heater hose inlets and outlets, and electric motor housings; and front horizontal, rear suspension, and front vertical modules.
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