Martinrea International (TSE:MRE) Stock Price Target Cut by TD

Martinrea International (TSE:MRE) had its price target decreased by equities researchers at TD from C$16.00 to C$15.00 in a report released on Thursday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. TD’s price objective points to a potential upside of 53.53% from the company’s previous close.

Martinrea International Stock Down 2.3%

Shares of TSE:MRE traded down C$0.23 during midday trading on Thursday, hitting C$9.77. 48,084 shares of the company’s stock traded hands, compared to its average volume of 83,181. The company has a debt-to-equity ratio of 71.37, a quick ratio of 0.68 and a current ratio of 1.23. The company has a market cap of C$683.66 million, a PE ratio of 5.71, a P/E/G ratio of 0.82 and a beta of 1.73. The firm’s fifty day moving average price is C$10.37 and its two-hundred day moving average price is C$10.20. Martinrea International has a twelve month low of C$8.72 and a twelve month high of C$11.72.

Martinrea International (TSE:MRE) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$0.61 earnings per share (EPS) for the quarter. Martinrea International had a return on equity of 7.89% and a net margin of 2.60%.The firm had revenue of C$1.20 billion during the quarter. On average, equities research analysts anticipate that Martinrea International will post 2.4988962 EPS for the current fiscal year.

Martinrea International Company Profile

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.