Scotiabank Increases Martinrea International (TSE:MRE) Price Target to C$18.50

Martinrea International (TSE:MREFree Report) had its price target upped by Scotiabank from C$15.50 to C$18.50 in a research note published on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

MRE has been the topic of a number of other research reports. Cormark decreased their price target on shares of Martinrea International from C$21.50 to C$19.00 in a research note on Thursday, November 9th. CIBC upgraded shares of Martinrea International from a neutral rating to an outperform rating and upped their price target for the company from C$14.75 to C$20.00 in a research note on Tuesday, December 19th. Finally, Paradigm Capital decreased their price target on shares of Martinrea International from C$24.00 to C$21.50 and set a buy rating on the stock in a research note on Monday, November 27th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to, Martinrea International currently has an average rating of Buy and an average target price of C$19.63.

Read Our Latest Stock Report on Martinrea International

Martinrea International Stock Up 0.3 %

Martinrea International stock opened at C$13.81 on Wednesday. The firm has a market capitalization of C$1.10 billion, a PE ratio of 5.59, a P/E/G ratio of 0.82 and a beta of 2.26. The company’s 50-day moving average is C$13.41 and its 200-day moving average is C$13.12. Martinrea International has a fifty-two week low of C$11.10 and a fifty-two week high of C$15.37. The company has a debt-to-equity ratio of 89.05, a current ratio of 1.21 and a quick ratio of 0.68.

Martinrea International (TSE:MREGet Free Report) last released its quarterly earnings data on Wednesday, November 8th. The company reported C$0.68 earnings per share for the quarter, topping the consensus estimate of C$0.53 by C$0.15. Martinrea International had a net margin of 3.71% and a return on equity of 14.02%. The company had revenue of C$1.38 billion for the quarter, compared to analyst estimates of C$1.20 billion. Sell-side analysts anticipate that Martinrea International will post 2.722 earnings per share for the current year.

Martinrea International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Monday, January 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Friday, January 12th. Martinrea International’s dividend payout ratio is currently 8.10%.

Insider Buying and Selling at Martinrea International

In other Martinrea International news, Director Robert Peter Edward Wildeboer acquired 7,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was purchased at an average price of C$12.81 per share, with a total value of C$89,700.10. Insiders acquired 8,595 shares of company stock valued at $106,737 in the last quarter. Company insiders own 15.07% of the company’s stock.

About Martinrea International

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Martinrea International (TSE:MRE)

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