Q3 2017 Earnings Estimate for Martinrea International Inc Issued By Cormark (MRE)
Martinrea International Inc (TSE:MRE) – Analysts at Cormark boosted their Q3 2017 earnings estimates for Martinrea International in a research note issued on Thursday. Cormark analyst D. Tyerman now forecasts that the company will post earnings of $0.42 per share for the quarter, up from their previous forecast of $0.40. Cormark also issued estimates for Martinrea International’s Q1 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.46 EPS, FY2020 earnings at $2.49 EPS and FY2021 earnings at $2.68 EPS.
MRE has been the topic of several other reports. Scotiabank boosted their price target on shares of Martinrea International from C$15.00 to C$15.50 and gave the stock a “sector perform” rating in a research report on Wednesday. Royal Bank Of Canada boosted their price objective on shares of Martinrea International from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Thursday, April 20th. TD Securities restated a “buy” rating and set a C$12.00 price objective on shares of Martinrea International in a research note on Friday, April 28th. CIBC lowered their price objective on shares of Martinrea International from C$11.50 to C$9.00 in a research note on Tuesday, May 2nd. Finally, BMO Capital Markets restated a “market perform” rating and set a C$11.00 price objective on shares of Martinrea International in a research note on Tuesday, May 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$13.50.
COPYRIGHT VIOLATION WARNING: This news story was first published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://www.watchlistnews.com/q3-2017-earnings-estimate-for-martinrea-international-inc-issued-by-cormark-mre/1472531.html.
Shares of Martinrea International (TSE MRE) opened at 10.60 on Friday. The stock has a 50 day moving average price of $10.47 and a 200 day moving average price of $10.05. The firm has a market capitalization of $912.48 million and a P/E ratio of 6.11. Martinrea International has a 12 month low of $6.70 and a 12 month high of $12.02.
The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Saturday, September 30th will be paid a $0.03 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.12 dividend on an annualized basis and a yield of 1.13%.
About Martinrea International
Martinrea International Inc designs, engineers, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive sector in North America, Europe, and internationally. It offers suspension and chassis metal components, such as suspension and cross-members, suspension lines and arms, hot-stamped structural products, and hitch and bumper assemblies; and body and structure metal components, including body structure-cross-members and rail assemblies, structural BIW components, hot-stamped structural products, and underbody stampings and assemblies.
Receive News & Ratings for Martinrea International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martinrea International Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.