Martinrea International (TSE:MRE) Stock Price Target Raised at Raymond James Financial

Martinrea International (TSE:MRE) had its target price hoisted by Raymond James Financial from C$12.00 to C$14.00 in a research report released on Friday morning,BayStreet reports. They currently have an outperform rating on the stock.

Separately, TD cut their target price on Martinrea International from C$16.00 to C$15.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$13.62.

Martinrea International Stock Performance

Shares of MRE stock opened at C$10.95 on Friday. The company has a debt-to-equity ratio of 71.37, a current ratio of 1.23 and a quick ratio of 0.68. The firm has a 50-day moving average of C$9.91 and a 200-day moving average of C$10.11. Martinrea International has a one year low of C$8.72 and a one year high of C$11.72. The company has a market cap of C$766.23 million, a P/E ratio of 6.40, a P/E/G ratio of 0.82 and a beta of 1.68.

Martinrea International (TSE:MRE) last released its quarterly earnings results on Thursday, November 12th. The company reported C$0.52 earnings per share for the quarter. Martinrea International had a net margin of 2.60% and a return on equity of 7.89%. The business had revenue of C$1.18 billion for the quarter. Equities research analysts forecast that Martinrea International will post 2.50 EPS for the current fiscal year.

About Martinrea International

Martinrea International Inc. is a leader in the development and production of quality metal parts, assemblies and modules, fluid management systems, and complex aluminum products focused primarily on the automotive sector. Martinrea currently operates in 56 locations in Canada, the United States, Mexico, Brazil, Germany, Slovakia, Spain, China, South Africa, and Japan. Martinrea’s vision is making lives better by being the best supplier we can be in the products we make and the services we provide.