Robert Peter Edward Wildeboer Acquires 10,000 Shares of Martinrea International Inc. (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE - Get Free Report) Director Robert Peter Edward Wildeboer bought 10,000 shares of Martinrea International stock in a transaction dated Friday, May 10th. The stock was purchased at an average cost of C$12.00 per share, for a total transaction of C$120,000.00.

Martinrea International Stock Up 1.1 %

Shares of TSE MRE traded up C$0.13 during mid-day trading on Monday, reaching C$12.16. 248,817 shares of the company were exchanged, compared to its average volume of 209,628. Martinrea International Inc. has a 1 year low of C$10.75 and a 1 year high of C$15.16. The firm has a 50-day moving average of C$11.62 and a 200 day moving average of C$12.70. The stock has a market cap of C$933.16 million, a price-to-earnings ratio of 6.43, a P/E/G ratio of 0.82 and a beta of 2.23. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 84.42.

Martinrea International (TSE:MRE - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The company reported C$0.37 EPS for the quarter, missing the consensus estimate of C$0.42 by C($0.05). The firm had revenue of C$1.30 billion for 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 expect that Martinrea International Inc. will post 2.2317757 earnings per share for the current year.

Martinrea International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, June 28th. This represents a $0.20 annualized dividend and a yield of 1.64%. Martinrea International's dividend payout ratio (DPR) is 10.58%.

Analyst Ratings Changes

Several research analysts recently commented on the company. CIBC dropped their price target on Martinrea International from C$18.00 to C$17.50 and set an "outperform" rating for the company in a research report on Monday, May 6th. TD Securities downgraded Martinrea International from an "action list buy" rating to a "buy" rating and cut their target price for the company from C$21.00 to C$19.00 in a research report on Friday, March 1st. Raymond James decreased their price target on Martinrea International from C$20.00 to C$18.00 and set an "outperform" rating on the stock in a report on Friday, March 1st. Finally, Scotiabank cut their price objective on shares of Martinrea International from C$15.00 to C$14.50 in a research report on Friday, May 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.