Martinrea International (TSE:MRE – Get Free Report) had its price target reduced by research analysts at Scotiabank from C$15.00 to C$14.50 in a research report issued on Friday, BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 21.44% from the stock’s current price.
Several other research firms have also issued reports on MRE. CIBC decreased their target price on Martinrea International from C$20.00 to C$18.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Raymond James reduced their price target on Martinrea International from C$20.00 to C$18.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Finally, TD Securities lowered Martinrea International from an “action list buy” rating to a “buy” rating and reduced their price target for the company from C$21.00 to C$19.00 in a research report on Friday, March 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$18.14.
View Our Latest Stock Analysis on Martinrea International
Martinrea International Stock Up 5.2 %
Martinrea International (TSE:MRE – Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported C$0.37 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.05). Martinrea International had a return on equity of 10.81% and a net margin of 2.88%. The business had revenue of C$1.30 billion for the quarter, compared to analysts’ expectations of C$1.19 billion. On average, research analysts expect that Martinrea International will post 2.2301741 earnings per share for the current year.
Insider Transactions at Martinrea International
In other Martinrea International news, Director Frank Patrick D’eramo bought 22,200 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were acquired at an average price of C$8.88 per share, with a total value of C$197,047.20. In other Martinrea International news, Director Frank Patrick D’eramo bought 22,200 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were acquired at an average price of C$8.88 per share, with a total value of C$197,047.20. Also, Senior Officer Alfred Di Tosto bought 3,620 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were acquired at an average cost of C$11.77 per share, for a total transaction of C$42,607.40. In the last 90 days, insiders have acquired 38,353 shares of company stock valued at $348,645. Corporate insiders own 15.10% of the company’s stock.
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.
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