Martinrea International (TSE:MRE) Price Target Raised to C$15.00 at TD Securities

Martinrea International (TSE:MRE) had its price target hoisted by research analysts at TD Securities from C$14.00 to C$15.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 55.93% from the company’s current price.

Separately, BMO Capital Markets boosted their price target on shares of Martinrea International from C$9.00 to C$11.00 in a report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$12.63.

Martinrea International Stock Performance

Shares of TSE MRE traded down C$0.93 during midday trading on Friday, reaching C$9.62. The company’s stock had a trading volume of 304,524 shares, compared to its average volume of 94,678. The stock has a market capitalization of C$700.22 million, a P/E ratio of -18.86, a PEG ratio of 0.82 and a beta of 1.84. The company has a debt-to-equity ratio of 75.06, a current ratio of 1.21 and a quick ratio of 0.68. The firm has a 50 day moving average price of C$10.39 and a 200-day moving average price of C$10.36. Martinrea International has a 12-month low of C$6.12 and a 12-month high of C$11.62.

Martinrea International (TSE:MRE) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.67 EPS for the quarter. Martinrea International had a negative return on equity of 2.82% and a negative net margin of 0.88%.The company had revenue of C$1.19 billion during the quarter. As a group, equities analysts predict that Martinrea International will post 2.4988962 earnings per share for the current year.

Martinrea International Company Profile

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids. The company also provides metal forming and welding solutions. The largest end market for Martinrea’s products is in North America.