Martinrea International (TSE:MRE) PT Lowered to C$14.50 at Scotiabank

Martinrea International (TSE:MRE) had its target price lowered by Scotiabank from C$15.00 to C$14.50 in a report issued on Friday morning, BayStreet.CA reports.

Other equities analysts also recently issued reports about the stock. 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. Raymond James reduced 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 report on Friday, March 1st. Finally, CIBC lowered their price target on shares of Martinrea International from C$20.00 to C$18.00 and set an outperform rating on the stock in a 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’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of C$18.25.

Martinrea International Trading Down 2.0 %

Martinrea International stock opened at C$11.70 on Friday. The stock has a 50-day simple moving average of C$11.75 and a 200 day simple moving average of C$12.68. The stock has a market capitalization of C$897.86 million, a P/E ratio of 6.19, a PEG ratio of 0.82 and a beta of 2.23. The company has a debt-to-equity ratio of 84.42, a quick ratio of 0.68 and a current ratio of 1.23. Martinrea International has a 52 week low of C$10.75 and a 52 week high of C$15.16.

Martinrea International (TSE:MRE) last issued its earnings results on Thursday, February 29th. The company reported C$0.37 EPS for the quarter, missing the consensus estimate of C$0.42 by C($0.05). The business had revenue of C$1.30 billion for the quarter, compared to the consensus estimate of C$1.19 billion. Martinrea International had a return on equity of 10.13% and a net margin of 2.78%. Analysts expect that Martinrea International will post 2.2317757 earnings per share for the current year.

Martinrea International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Friday, June 28th. Martinrea International’s dividend payout ratio is currently 10.58%.

Insider Activity

In related news, Director Frank Patrick D’eramo purchased 22,200 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was acquired 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 the company’s stock in a transaction on Friday, March 8th. The stock was purchased at an average cost of C$8.88 per share, with a total value of C$197,047.20. Also, Senior Officer Alfredo Alonso bought 7,490 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were bought at an average price of C$8.70 per share, with a total value of C$65,163.00. Over the last ninety days, insiders acquired 38,353 shares of company stock worth $348,645. Corporate insiders own 15.38% of the company’s stock.

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.