Martinrea International (TSE:MRE) Sets New 12-Month Low – What’s Next?

Martinrea International Inc. (TSE:MRE) reached a new 52-week low on Monday . The stock traded as low as C$7.91 and last traded at C$8.26, with a volume of 177382 shares changing hands. The stock had previously closed at C$8.79.

Analyst Ratings Changes

Several equities research analysts recently commented on MRE shares. CIBC lifted their target price on shares of Martinrea International from C$14.50 to C$14.75 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Raymond James lowered their target price on Martinrea International from C$17.50 to C$14.00 and set an “outperform” rating for the company in a report on Friday, January 10th. BMO Capital Markets lowered shares of Martinrea International from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$13.00 to C$11.00 in a report on Monday, December 16th. Finally, TD Securities reduced their price target on shares of Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Martinrea International presently has a consensus rating of “Moderate Buy” and an average price target of C$13.45.

Martinrea International Stock Up 1.3 %

The stock’s 50-day simple moving average is C$9.25 and its 200-day simple moving average is C$10.44. The firm has a market capitalization of C$640.37 million, a P/E ratio of 4.73, a P/E/G ratio of 0.82 and a beta of 2.08. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 83.13.

Martinrea International (TSE:MRE) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.47 by C($0.28). Martinrea International had a net margin of 2.65% and a return on equity of 9.43%. During the same period in the prior year, the company posted $0.68 earnings per share. As a group, research analysts predict that Martinrea International Inc. will post 2.4988962 earnings per share for the current fiscal year.

Insider Buying and Selling at Martinrea International

In related news, Director Robert Peter Edward Wildeboer bought 7,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was bought at an average price of C$10.02 per share, with a total value of C$70,140.00. Insiders own 11.31% of the company’s stock.

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.