Martinrea International Inc. (TSE:MRE) Senior Officer Bruce Norman Johnson Buys 1,200 Shares

Martinrea International Inc. (TSE:MRE) Senior Officer Bruce Norman Johnson bought 1,200 shares of the stock in a transaction on Tuesday, May 7th. The stock was purchased at an average cost of C$11.95 per share, with a total value of C$14,340.00.

Martinrea International Stock Performance

Shares of MRE opened at C$11.89 on Friday. The firm’s fifty day simple moving average is C$11.62 and its two-hundred day simple moving average is C$12.68. Martinrea International Inc. has a 12 month low of C$10.75 and a 12 month high of C$15.16. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 84.42. The stock has a market capitalization of C$912.44 million, a P/E ratio of 6.29, a price-to-earnings-growth ratio of 0.82 and a beta of 2.23.

Martinrea International (TSE:MRE) last announced 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). Martinrea International had a net margin of 2.78% and a return on equity of 10.13%. The business had revenue of C$1.30 billion for the quarter, compared to the consensus estimate of C$1.19 billion. As a group, analysts predict that Martinrea International Inc. will post 2.2317757 EPS for the current year.

Martinrea International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, June 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.68%. Martinrea International’s payout ratio is presently 10.58%.

Analyst Ratings Changes

MRE has been the topic of several research reports. TD Securities downgraded Martinrea International from an “action list buy” rating to a “buy” rating and lowered their price objective for the company from C$21.00 to C$19.00 in a research note on Friday, March 1st. Scotiabank decreased their price target on shares of Martinrea International from C$15.00 to C$14.50 in a research report on Friday, May 3rd. Raymond James cut 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. Finally, CIBC lowered their target price on Martinrea International from C$18.00 to C$17.50 and set an “outperform” rating for the company in a research report on Monday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$18.25.

About Martinrea International

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.