Martinrea International Inc. (TSE:MRE) Senior Officer Bruce Norman Johnson Buys 1,200 Shares

Martinrea International Inc. (TSE:MRE) Senior Officer Bruce Norman Johnson bought 1,200 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was bought at an average cost of C$11.95 per share, for a total transaction of C$14,340.00.

Martinrea International Stock Performance

Shares of MRE stock opened at C$11.85 on Wednesday. The firm has a market capitalization of C$909.37 million, a PE ratio of 6.27, a P/E/G ratio of 0.82 and a beta of 2.23. The company has a 50 day moving average price of C$11.70 and a 200-day moving average price of C$12.69. Martinrea International Inc. has a 52 week low of C$10.75 and a 52 week high of C$15.16. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 84.42.

Martinrea International (TSE:MRE) last announced its earnings results on Thursday, February 29th. The company reported C$0.37 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.05). The company had revenue of C$1.30 billion for the quarter, compared to analysts’ expectations of C$1.19 billion. Martinrea International had a net margin of 2.78% and a return on equity of 10.13%. As a group, equities research analysts expect that Martinrea International Inc. will post 2.2317757 earnings per share for the current year.

Martinrea International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, June 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.69%. Martinrea International’s dividend payout ratio is currently 10.58%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MRE shares. Raymond James lowered their price target on Martinrea International from C$20.00 to C$18.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Scotiabank dropped their target price on shares of Martinrea International from C$15.00 to C$14.50 in a research note on Friday, May 3rd. CIBC reduced their price target on shares of Martinrea International from C$18.00 to C$17.50 and set an “outperform” rating for the company in a research report on Monday. Finally, TD Securities cut Martinrea International from an “action list buy” rating to a “buy” rating and lowered their price objective for the company from C$21.00 to C$19.00 in a research report on Friday, March 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$18.25.

Martinrea International Company Profile

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.