Martinrea International (MRE) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Martinrea International in the last year. There are currently 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MRE shares.
View MRE analyst ratings or view top-rated stocks.

4 brokerages have issued twelve-month price objectives for Martinrea International's stock. Their MRE share price forecasts range from C$16.00 to C$21.00. On average, they predict the company's stock price to reach C$18.57 in the next twelve months. This suggests a possible upside of 48.5% from the stock's current price.
View analysts price targets for MRE or view top-rated stocks among Wall Street analysts.

Martinrea International's stock was trading at C$11.26 at the start of the year. Since then, MRE stock has increased by 11.1% and is now trading at C$12.51.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our MRE earnings forecast.

Martinrea International Inc. (TSE:MRE) posted its quarterly earnings data on Wednesday, August, 9th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.25 billion. Martinrea International had a trailing twelve-month return on equity of 13.63% and a net margin of 3.50%.

Martinrea International announced a quarterly dividend on Thursday, September 28th. Stockholders of record on Sunday, October 15th will be paid a dividend of 0.05 per share on Sunday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for MRE.

Martinrea International (TSE:MRE) pays an annual dividend of C$0.20 per share and currently has a dividend yield of 1.64%. The dividend payout ratio is 8.93%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MRE.

Based on aggregate information from My MarketBeat watchlists, some companies that other Martinrea International investors own include Enbridge (ENB), Extendicare (EXE), Linamar (LNR), Magna International (MG), Bombardier, Inc. Class B (BBD.B), Canadian National Railway (CNR), Toronto-Dominion Bank (TD), Brookfield Property Partners (BPY.UN), Inter Pipeline (IPL) and Royal Bank of Canada (RY).

Martinrea International trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MRE."

Shares of MRE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of MRE stock can currently be purchased for approximately C$12.51.

Martinrea International (TSE:MRE) has a market capitalization of C$995.67 million and generates C$5.15 billion in revenue each year. The company earns C$180.23 million in net income (profit) each year or C$2.24 on an earnings per share basis.

The company employs 19,000 workers across the globe.

Martinrea International's mailing address is 3210 Langstaff Rd, CONCORD, ON L4K 5B2, Canada. The official website for the company is www.martinrea.com. The company can be reached via phone at +1-416-7490314.