Martinrea International (TSE:MRE) Price Target Raised to C$16.00

Martinrea International (TSE:MRE – Free Report) had its target price hoisted by TD from C$15.00 to C$16.00 in a research note published on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Martinrea International Stock Performance

Shares of TSE MRE opened at C$10.67 on Wednesday. Martinrea International has a 1-year low of C$8.29 and a 1-year high of C$11.72. The company has a current ratio of 1.27, a quick ratio of 0.68 and a debt-to-equity ratio of 77.11. The stock’s 50-day moving average is C$10.35 and its 200 day moving average is C$10.14. The stock has a market cap of C$756.44 million, a price-to-earnings ratio of 6.59, a P/E/G ratio of 0.82 and a beta of 1.81.

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Martinrea International (TSE:MRE – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported C$0.61 EPS for the quarter. Martinrea International had a net margin of 2.46% and a return on equity of 7.74%. The firm had revenue of C$1.20 billion for the quarter. On average, sell-side analysts anticipate that Martinrea International will post 2.4988962 EPS for the current fiscal year.

Insiders Place Their Bets

In other Martinrea International news, insider Hany Morsy purchased 4,400 shares of the stock in a transaction on Monday, June 15th. The stock was acquired at an average cost of C$10.56 per share, with a total value of C$46,464.00. Following the completion of the purchase, the insider directly owned 9,000 shares of the company’s stock, valued at approximately C$95,040. This trade represents a 95.65% increase in their position. 11.31% of the stock is owned by corporate insiders.

Martinrea International Company Profile

(Get Free Report)

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids. The company also provides metal forming and welding solutions. The largest end market for Martinrea’s products is in North America.

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