CIBC Lowers Martinrea International (TSE:MRE) Price Target to C$17.50

Martinrea International (TSE:MRE) had its price target lowered by stock analysts at CIBC from C$18.00 to C$17.50 in a research note issued on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price points to a potential upside of 47.68% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Scotiabank cut their target price on Martinrea International from C$15.00 to C$14.50 in a research note on Friday, May 3rd. Raymond James decreased their target price on Martinrea International from C$20.00 to C$18.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Finally, TD Securities lowered shares of 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$18.25.

Martinrea International Stock Performance

Shares of Martinrea International stock opened at C$11.85 on Monday. The business has a 50-day simple moving average of C$11.70 and a 200 day simple moving average of C$12.69. The firm has a market capitalization of C$909.37 million, a price-to-earnings ratio of 6.27, a PEG ratio of 0.82 and a beta of 2.23. The company has a debt-to-equity ratio of 84.42, a current ratio of 1.23 and a quick ratio of 0.68. Martinrea International has a one year low of C$10.75 and a one year high of C$15.16.

Martinrea International (TSE:MRE) last issued its 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 10.13% and a net margin of 2.78%. The firm had revenue of C$1.30 billion for the quarter, compared to analyst estimates of C$1.19 billion. On average, research analysts anticipate that Martinrea International will post 2.2317757 earnings per share for the current fiscal year.

Insider Buying and Selling at Martinrea International

In other Martinrea International news, Director Frank Patrick D’eramo purchased 22,200 shares of the stock in a transaction dated Friday, March 8th. The shares were bought at an average price of C$8.88 per share, with a total value of C$197,047.20. In other news, Director Frank Patrick D’eramo bought 22,200 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average price of C$8.88 per share, for a total transaction of C$197,047.20. Also, Senior Officer Alfredo Alonso purchased 7,490 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were acquired at an average cost of C$8.70 per share, for a total transaction of C$65,163.00. Insiders have acquired a total of 39,553 shares of company stock valued at $362,985 over the last three months. 15.38% of the stock is currently owned by insiders.

Martinrea International Company Profile

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.