Martinrea International (TSE:MRE) Given New C$10.50 Price Target at BMO Capital Markets

Martinrea International (TSE:MRE) had its target price cut by BMO Capital Markets from C$11.00 to C$10.50 in a research note published on Friday morning,BayStreet.CA reports. They currently have a market perform rating on the stock.

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

Martinrea International Stock Down 8.6%

Shares of TSE:MRE traded down C$0.91 during trading on Friday, reaching C$9.64. 407,224 shares of the stock were exchanged, compared to its average volume of 98,012. Martinrea International has a 1-year low of C$6.12 and a 1-year high of C$11.62. The stock has a fifty day moving average of C$10.38 and a two-hundred day moving average of C$10.36. The company has a debt-to-equity ratio of 75.06, a current ratio of 1.21 and a quick ratio of 0.68. The firm has a market cap of C$701.68 million, a price-to-earnings ratio of -18.90, a price-to-earnings-growth ratio of 0.82 and a beta of 1.84.

Martinrea International (TSE:MRE) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.67 earnings per share (EPS) for the quarter. The business had revenue of C$1.19 billion during the quarter. Martinrea International had a negative net margin of 0.88% and a negative return on equity of 2.82%. Research analysts anticipate that Martinrea International will post 2.4988962 earnings per share for the current fiscal year.

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.