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

Martinrea International Inc. (TSE:MRE)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$7.91 and last traded at C$8.26, with a volume of 177382 shares traded. The stock had previously closed at C$8.79.

Analyst Upgrades and Downgrades

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

Martinrea International Trading Up 1.3 %

The stock has a fifty day simple moving average of C$9.25 and a 200 day simple moving average of C$10.44. The company has a debt-to-equity ratio of 83.13, a quick ratio of 0.68 and a current ratio of 1.25. The firm has a market cap of C$640.37 million, a P/E ratio of 4.73, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08.

Martinrea International (TSE:MRE) last posted its earnings results on Tuesday, November 12th. The company reported C$0.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the prior year, the firm posted $0.68 EPS. On average, research analysts expect that Martinrea International Inc. will post 2.4988962 earnings per share for the current fiscal year.

Insider Transactions at Martinrea International

In related news, Director Robert Peter Edward Wildeboer acquired 7,000 shares of Martinrea International stock in a transaction dated Friday, November 22nd. The stock was purchased at an average cost of C$10.02 per share, for a total transaction of C$70,140.00. Company insiders own 11.31% of the company’s stock.

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.