Martinrea International Inc. (TSE:MRE) Senior Officer Bruce Norman Johnson Acquires 1,200 Shares

Martinrea International Inc. (TSE:MRE) Senior Officer Bruce Norman Johnson acquired 1,200 shares of Martinrea International stock in a transaction on Tuesday, May 7th. The shares were bought at an average price of C$11.95 per share, with a total value of C$14,340.00.

Martinrea International Stock Up 1.3 %

MRE stock opened at C$11.85 on Wednesday. The firm has a market cap of C$909.37 million, a PE ratio of 6.27, a PEG ratio of 0.82 and a beta of 2.23. Martinrea International Inc. has a one year low of C$10.75 and a one year high of C$15.16. The company has a debt-to-equity ratio of 84.42, a quick ratio of 0.68 and a current ratio of 1.23. The firm’s 50 day moving average price is C$11.70 and its 200-day moving average price is C$12.69.

Martinrea International (TSE:MRE) 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 for the quarter, compared to analysts’ expectations of C$1.19 billion. Martinrea International had a return on equity of 10.13% and a net margin of 2.78%. On average, equities research analysts anticipate that Martinrea International Inc. will post 2.2317757 EPS for the current year.

Martinrea International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.20 annualized dividend and a yield of 1.69%. Martinrea International’s dividend payout ratio (DPR) is presently 10.58%.

Wall Street Analyst Weigh In

Several research firms have commented on MRE. Raymond James cut their price objective on 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. Scotiabank dropped their price objective on shares of Martinrea International from C$15.00 to C$14.50 in a research note on Friday, May 3rd. CIBC decreased their target price on shares of Martinrea International from C$18.00 to C$17.50 and set an “outperform” rating on the stock in a research note on Monday. Finally, TD Securities lowered Martinrea International from an “action list buy” rating to a “buy” rating and dropped their price target for the company from C$21.00 to C$19.00 in a research report on Friday, March 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$18.25.

Martinrea International Company Profile

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.