TD Securities Lowers Martinrea International (TSE:MRE) Price Target to C$18.00

Martinrea International (TSE:MRE) had its price objective cut by equities researchers at TD Securities from C$19.00 to C$18.00 in a report released on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 58.03% from the stock’s current price.

Separately, BMO Capital Markets dropped their price objective on Martinrea International from C$17.00 to C$15.00 in a report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.64.

Martinrea International Trading Down 0.5 %

TSE MRE opened at C$11.39 on Monday. Martinrea International has a 52 week low of C$10.05 and a 52 week high of C$14.59. The firm has a 50 day moving average of C$11.16 and a two-hundred day moving average of C$11.52. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 83.13. The stock has a market capitalization of C$852.09 million, a PE ratio of 6.29, a price-to-earnings-growth ratio of 0.82 and a beta of 2.09.

Martinrea International (TSE:MRE) last issued its earnings results on Tuesday, August 6th. The company reported C$0.58 EPS for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.03). Martinrea International had a return on equity of 9.43% and a net margin of 2.65%. The firm had revenue of C$1.30 billion for the quarter, compared to analyst estimates of C$1.33 billion. As a group, research analysts expect that Martinrea International will post 2.5511983 EPS for the current fiscal year.

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.