Martinrea International Inc. (TSE:MRE – Get Rating) Senior Officer Alfredo Alonso bought 1,170 shares of the stock in a transaction dated Monday, May 16th. The stock was acquired at an average price of C$9.09 per share, with a total value of C$10,631.79. Following the completion of the purchase, the insider now owns 33,906 shares of the company’s stock, valued at approximately C$308,103.82.
Shares of MRE opened at C$9.00 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 0.67 and a debt-to-equity ratio of 106.92. Martinrea International Inc. has a 1 year low of C$7.43 and a 1 year high of C$14.48. The stock has a market cap of C$723.30 million and a P/E ratio of 20.13. The stock’s 50-day moving average price is C$8.41 and its two-hundred day moving average price is C$9.86.
Martinrea International (TSE:MRE – Get Rating) last issued its earnings results on Thursday, March 3rd. The company reported C($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.10). The business had revenue of C$1.05 billion during the quarter, compared to analysts’ expectations of C$859.93 million. As a group, equities analysts forecast that Martinrea International Inc. will post 2.53 EPS for the current year.
A number of analysts have recently weighed in on the company. Raymond James set a C$11.00 target price on Martinrea International and gave the company a “market perform” rating in a research note on Friday, May 6th. Scotiabank raised their price target on Martinrea International from C$12.00 to C$13.00 in a report on Friday, May 6th. BMO Capital Markets decreased their price target on Martinrea International from C$11.50 to C$10.00 in a report on Friday, March 4th. CIBC decreased their price target on Martinrea International from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a report on Friday, May 6th. Finally, TD Securities reduced their target price on Martinrea International from C$15.50 to C$14.00 and set a “buy” rating on the stock in a report on Friday, March 4th. One 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, Martinrea International presently has a consensus rating of “Buy” and an average price target of C$12.58.
About Martinrea International (Get Rating)
Martinrea International Inc designs, develops, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. It offers engine blocks, transmissions, cases, housings, oil coolers, hoses, tube assemblies, oil fillers, tubes, indicators, oil pick-up screens and pipes, heater hose inlets and outlets, and electric motor housings; and front horizontal, rear suspension, and front vertical modules.
- FIGS, Inc Moves Lower On Analysts’ Downgrades
- MarketBeat Podcast: Trading Volatile Markets While Preserving Capital
- Option Care Health Stock is Making a Healthy Pullback
- Warby Parker Stock Is A High-Probability Candidate For A Short-Squeeze
- Concentrix: High Debt and Struggling Margins
Receive News & Ratings for Martinrea International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martinrea International and related companies with MarketBeat.com's FREE daily email newsletter.