Martinrea International (TSE:MRE) Hits New 1-Year High – What’s Next?

Martinrea International Inc. (TSE:MRE) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$11.70 and last traded at C$11.47, with a volume of 62207 shares trading hands. The stock had previously closed at C$11.49.

Analysts Set New Price Targets

A number of research firms have commented on MRE. TD Securities boosted their price target on Martinrea International from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. BMO Capital Markets decreased their price target on Martinrea International from C$11.00 to C$10.50 and set a “market perform” rating for the company in a research note on Friday, March 6th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.83.

Martinrea International Stock Down 0.2%

The company has a 50 day moving average price of C$9.94 and a two-hundred day moving average price of C$10.13. The company has a debt-to-equity ratio of 77.11, a current ratio of 1.27 and a quick ratio of 0.68. The stock has a market cap of C$813.15 million, a PE ratio of 7.08, a PEG ratio of 0.82 and a beta of 1.93.

Martinrea International (TSE:MRE) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$0.45 earnings per share for the quarter. The firm had revenue of C$1.13 billion during the quarter. Martinrea International had a return on equity of 7.74% and a net margin of 2.46%. Analysts expect that Martinrea International Inc. will post 2.4988962 EPS for the current year.

Martinrea International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, March 31st. Martinrea International’s dividend payout ratio is 12.35%.

Insiders Place Their Bets

In other news, insider Peter Cirulis acquired 5,275 shares of Martinrea International stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average price of C$10.41 per share, for a total transaction of C$54,912.75. Following the completion of the transaction, the insider owned 135,275 shares in the company, valued at C$1,408,212.75. The trade was a 4.06% increase in their ownership of the stock. Also, insider Francesco Barbara acquired 12,333 shares of Martinrea International stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average price of C$8.95 per share, with a total value of C$110,380.35. Following the transaction, the insider owned 54,119 shares of the company’s stock, valued at C$484,365.05. The trade was a 29.51% increase in their position. In the last quarter, insiders have purchased 18,704 shares of company stock valued at $175,320. 11.31% of the stock is owned by company insiders.

About Martinrea International

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.