BMO Capital Markets Lowers Martinrea International (TSE:MRE) Price Target to C$10.50

Martinrea International (TSE:MRE) had its target price lowered by investment analysts at BMO Capital Markets from C$11.00 to C$10.50 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 8.92% from the stock’s current price.

Separately, TD Securities boosted their price target on Martinrea International from C$14.00 to C$15.00 and gave the company a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$12.63.

Martinrea International Stock Performance

TSE:MRE opened at C$9.64 on Friday. The firm’s 50-day moving average is C$10.38 and its 200-day moving average is C$10.37. Martinrea International has a 52-week low of C$6.12 and a 52-week high of C$11.62. The company has a debt-to-equity ratio of 74.05, a quick ratio of 0.68 and a current ratio of 1.19. The company has a market cap of C$701.68 million, a price-to-earnings ratio of -18.90, a PEG ratio of 0.82 and a beta of 1.84.

Martinrea International (TSE:MRE) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.67 EPS for the quarter. Martinrea International had a net margin of 2.22% and a return on equity of 7.13%. The business had revenue of C$1.19 billion during the quarter. Equities research analysts anticipate 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.