Raymond James Has Pessimistic Outlook of TSE:MRE Q4 Earnings

Martinrea International Inc. (TSE:MRE) – Analysts at Raymond James decreased their Q4 2024 earnings per share estimates for shares of Martinrea International in a research report issued on Wednesday, November 13th. Raymond James analyst M. Glen now forecasts that the company will earn $0.30 per share for the quarter, down from their prior forecast of $0.45. The consensus estimate for Martinrea International’s current full-year earnings is $2.50 per share.

Several other equities research analysts have also recently weighed in on MRE. BMO Capital Markets lowered their price objective on shares of Martinrea International from C$15.00 to C$13.00 in a research report on Thursday, November 14th. TD Securities lowered their price target on shares of Martinrea International from C$18.00 to C$13.00 in a report on Wednesday, November 13th. Finally, CIBC reduced their price objective on Martinrea International from C$17.00 to C$14.50 in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$15.75.

Martinrea International Price Performance

The firm has a 50-day simple moving average of C$11.13 and a 200-day simple moving average of C$11.39. The company has a market capitalization of C$739.12 million, a PE ratio of 5.46, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. Martinrea International has a twelve month low of C$9.52 and a twelve month high of C$14.59.

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.