Martinrea International (TSE:MRE) Given New C$15.00 Price Target at TD Securities

Martinrea International (TSE:MRE) had its price objective lifted by TD Securities from C$14.00 to C$15.00 in a research report released on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, BMO Capital Markets lifted their target price on Martinrea International from C$9.00 to C$11.00 in a research report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$12.63.

Martinrea International Price Performance

Shares of MRE stock traded down C$0.91 during trading hours on Friday, reaching C$9.64. The company’s stock had a trading volume of 407,224 shares, compared to its average volume of 98,012. The firm’s 50 day simple moving average is C$10.38 and its 200-day simple moving average is C$10.36. The company has a market capitalization of C$701.68 million, a price-to-earnings ratio of -18.90, a PEG ratio of 0.82 and a beta of 1.84. Martinrea International has a fifty-two week low of C$6.12 and a fifty-two week high of C$11.62. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 75.06.

Martinrea International (TSE:MRE) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.67 EPS for the quarter. Martinrea International had a negative return on equity of 2.82% and a negative net margin of 0.88%.The company had revenue of C$1.19 billion during the quarter. Sell-side analysts forecast that Martinrea International will post 2.4988962 earnings per share for the current year.

Martinrea International Company Profile

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.