Martinrea International (TSE:MRE) PT Lowered to C$17.50

Martinrea International (TSE:MRE) had its target price lowered by CIBC from C$18.00 to C$17.50 in a report released on Monday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on the company. Raymond James dropped their target price on 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. TD Securities cut shares of Martinrea International from an action list buy rating to a buy rating and cut their price objective for the stock from C$21.00 to C$19.00 in a research report on Friday, March 1st. Finally, Scotiabank decreased their target price on shares of Martinrea International from C$15.00 to C$14.50 in a report on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of C$18.25.

Martinrea International Price Performance

Martinrea International stock opened at C$11.85 on Monday. The company has a fifty day simple moving average of C$11.66 and a 200-day simple moving average of C$12.68. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 84.42. The firm has a market capitalization of C$909.37 million, a price-to-earnings ratio of 6.27, a PEG ratio of 0.82 and a beta of 2.23. 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 released its quarterly earnings data on Thursday, February 29th. The company reported C$0.37 EPS for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.05). The business had revenue of C$1.30 billion during the quarter, compared to analyst estimates of C$1.19 billion. Martinrea International had a net margin of 2.78% and a return on equity of 10.13%. On average, equities analysts anticipate that Martinrea International will post 2.2317757 EPS for the current fiscal year.

Martinrea International Dividend Announcement

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

Insider Buying and Selling at Martinrea International

In other news, Director Frank Patrick D’eramo acquired 22,200 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was acquired at an average cost of C$8.88 per share, with a total value of C$197,047.20. In other Martinrea International news, Director Frank Patrick D’eramo bought 22,200 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were 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 purchased 7,490 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of C$8.70 per share, with a total value of C$65,163.00. Insiders have bought a total of 39,553 shares of company stock valued at $362,985 over the last quarter. 15.38% of the stock is owned by company insiders.

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.