Insider Buying: Martinrea International Inc. (TSE:MRE) Senior Officer Buys 1,200 Shares of Stock

Martinrea International Inc. (TSE:MRE - Get Free Report) Senior Officer Bruce Norman Johnson acquired 1,200 shares of the firm's stock in a transaction on Tuesday, May 7th. The stock was purchased at an average cost of C$11.95 per share, with a total value of C$14,340.00.

Martinrea International Stock Performance

MRE traded up C$0.15 on Tuesday, hitting C$11.85. 161,883 shares of the company's stock were exchanged, compared to its average volume of 209,753. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 84.42. The stock has a fifty day moving average of C$11.75 and a two-hundred day moving average of C$12.68. Martinrea International Inc. has a twelve month low of C$10.75 and a twelve month high of C$15.16. The firm has a market cap of C$909.37 million, a PE ratio of 6.34, a P/E/G ratio of 0.82 and a beta of 2.23.

Martinrea International (TSE:MRE - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.42 by C($0.05). The company had revenue of C$1.30 billion during the quarter, compared to the consensus estimate of C$1.19 billion. Martinrea International had a return on equity of 10.13% and a net margin of 2.78%. On average, research analysts anticipate that Martinrea International Inc. will post 2.2317757 earnings per share for the current fiscal year.

Martinrea International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, June 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.69%. Martinrea International's dividend payout ratio is currently 10.58%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. CIBC decreased their price target on shares of Martinrea International from C$18.00 to C$17.50 and set an "outperform" rating for the company in a research report on Monday. Raymond James dropped their target price on shares of Martinrea International from C$20.00 to C$18.00 and set an "outperform" rating for the company in a research report on Friday, March 1st. TD Securities cut shares of Martinrea International from an "action list buy" rating to a "buy" rating and reduced their price target for the stock from C$21.00 to C$19.00 in a research report on Friday, March 1st. Finally, Scotiabank cut their price objective on Martinrea International from C$15.00 to C$14.50 in a research note on Friday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Martinrea International currently has a consensus rating of "Moderate Buy" and a consensus price target of C$18.25.

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.