Martinrea International (TSE:MRE - Get Rating) was upgraded by equities researchers at TD Securities from a "buy" rating to an "action list buy" rating in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a C$14.00 target price on the stock. TD Securities' price target suggests a potential upside of 48.46% from the stock's previous close.
A number of other equities research analysts also recently weighed in on MRE. Scotiabank lifted their target price on Martinrea International from C$12.00 to C$13.00 in a research note on Friday, May 6th. Raymond James set a C$11.00 price objective on shares of Martinrea International and gave the stock a "market perform" rating in a research report on Friday, May 6th. Finally, CIBC cut shares of Martinrea International from an "outperform" rating to a "hold" rating and decreased their target price for the company from C$12.00 to C$10.00 in a research report on Thursday, June 2nd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$12.25.
Martinrea International Stock Down 1.4 %
MRE stock traded down C$0.13 during trading on Friday, hitting C$9.43. 139,212 shares of the company's stock traded hands, compared to its average volume of 323,414. The firm has a market capitalization of C$757.86 million and a P/E ratio of 33.71. Martinrea International has a 1 year low of C$7.43 and a 1 year high of C$12.82. The company has a quick ratio of 0.70, a current ratio of 1.19 and a debt-to-equity ratio of 108.05. The business has a fifty day simple moving average of C$8.91 and a two-hundred day simple moving average of C$9.02.
Martinrea International (TSE:MRE - Get Rating) last announced its earnings results on Thursday, May 5th. The company reported C$0.31 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of C$990.00 million. Sell-side analysts anticipate that Martinrea International will post 2.5399999 EPS for the current year.
Martinrea International Company Profile
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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