CIBC Cuts Martinrea International (TSE:MRE) Price Target to C$14.00

Martinrea International (TSE:MRE) had its target price lowered by CIBC from C$14.75 to C$14.00 in a report released on Monday morning,BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. TD Securities lowered their price objective on Martinrea International from C$18.00 to C$13.00 in a research report on Wednesday, November 13th. Raymond James decreased 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 report on Friday, January 10th. Finally, BMO Capital Markets cut Martinrea International from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$13.00 to C$11.00 in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Martinrea International presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.30.

Martinrea International Stock Down 0.7 %

MRE stock opened at C$8.42 on Monday. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. The stock has a market capitalization of C$629.90 million, a price-to-earnings ratio of 4.65, a PEG ratio of 0.82 and a beta of 2.08. The business’s fifty day moving average price is C$9.05 and its two-hundred day moving average price is C$10.30. Martinrea International has a fifty-two week low of C$7.91 and a fifty-two week high of C$14.27.

Martinrea International (TSE:MRE) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.47 by C($0.28). Martinrea International had a return on equity of 9.43% and a net margin of 2.65%. During the same period in the prior year, the firm posted $0.68 EPS. On average, equities analysts anticipate that Martinrea International will post 2.4988962 earnings per share for the current year.

Insider Activity at Martinrea International

In other Martinrea International news, Director Robert Peter Edward Wildeboer acquired 7,000 shares of Martinrea International stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average cost of C$10.02 per share, with a total value of C$70,140.00. 11.31% of the stock is currently owned by insiders.

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.