Martinrea International (TSE:MRE – Get Free Report) had its price objective reduced by CIBC from C$18.00 to C$17.50 in a research note issued on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 47.68% from the stock’s current price.
Other research analysts have also issued research reports about the company. Scotiabank decreased their target price on Martinrea International from C$15.00 to C$14.50 in a research report on Friday, May 3rd. TD Securities downgraded shares of Martinrea International from an “action list buy” rating to a “buy” rating and decreased their price objective for the company from C$21.00 to C$19.00 in a report on Friday, March 1st. Finally, Raymond James cut 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 note on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$18.25.
Get Our Latest Research Report on Martinrea International
Martinrea International Trading Up 1.3 %
Martinrea International (TSE:MRE – Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported C$0.37 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.05). The business had revenue of C$1.30 billion during the quarter, compared to analyst estimates of C$1.19 billion. Martinrea International had a return on equity of 10.13% and a net margin of 2.78%. As a group, equities analysts predict that Martinrea International will post 2.2317757 earnings per share for the current fiscal year.
Insider Activity
In other Martinrea International news, Director Frank Patrick D’eramo purchased 22,200 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average cost of C$8.88 per share, for a total transaction of C$197,047.20. In related news, Director Frank Patrick D’eramo acquired 22,200 shares of Martinrea International stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average price of C$8.88 per share, for a total transaction of C$197,047.20. Also, Senior Officer Alfredo Alonso acquired 7,490 shares of the stock in a transaction on Monday, March 18th. The shares were bought at an average cost of C$8.70 per share, for a total transaction of C$65,163.00. Insiders acquired 39,553 shares of company stock worth $362,985 over the last three months. Insiders own 15.38% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Martinrea International
- The Role Economic Reports Play in a Successful Investment Strategy
- Garmin Navigates to New Highs Driven By Wearables Trend
- Insider Buying Explained: What Investors Need to Know
- Pinterest Prospers From AI Boosting Shop-Ability and Relevance
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- AbbVie Tracking for New Highs in 2024
Receive News & Ratings for Martinrea International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martinrea International and related companies with MarketBeat.com's FREE daily email newsletter.