Brokerages Set Martinrea International Inc. (TSE:MRE) Price Target at C$12.83

Shares of Martinrea International Inc. (TSE:MREGet Rating) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$12.83.

A number of research firms recently weighed in on MRE. TD Securities raised shares of Martinrea International from a “buy” rating to an “action list buy” rating and set a C$14.00 price objective for the company in a research report on Friday, August 5th. CIBC increased their target price on shares of Martinrea International from C$9.75 to C$10.50 and gave the stock a “neutral” rating in a report on Tuesday, August 9th. BMO Capital Markets increased their target price on shares of Martinrea International from C$9.00 to C$11.00 in a report on Tuesday, August 9th. Scotiabank increased their target price on shares of Martinrea International from C$13.00 to C$14.00 in a report on Tuesday, August 9th. Finally, Raymond James increased their target price on shares of Martinrea International from C$11.00 to C$12.00 and gave the stock a “market perform” rating in a report on Tuesday, August 9th.

Martinrea International Stock Performance

Martinrea International stock opened at C$10.39 on Friday. The company has a debt-to-equity ratio of 106.15, a current ratio of 1.17 and a quick ratio of 0.69. The stock has a market cap of C$835.22 million and a price-to-earnings ratio of 34.63. The firm has a 50 day simple moving average of C$10.02 and a 200-day simple moving average of C$9.12. Martinrea International has a 1-year low of C$7.43 and a 1-year high of C$12.17.

Martinrea International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Friday, September 30th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Wednesday, September 28th. Martinrea International’s payout ratio is 66.67%.

About Martinrea International

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Martinrea International Inc designs, develops, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. It offers engine blocks, transmissions, cases, housings, oil coolers, hoses, tube assemblies, oil fillers, tubes, indicators, oil pick-up screens and pipes, heater hose inlets and outlets, and electric motor housings; and front horizontal, rear suspension, and front vertical modules.

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Analyst Recommendations for Martinrea International (TSE:MRE)

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