Martinrea International (TSE:MRE) Stock Gets Price Target Cut from TD

Martinrea International (TSE:MRE) had its target price trimmed by TD from C$16.00 to C$15.00 in a report issued on Thursday morning,BayStreet reports. The firm currently has a buy rating on the stock.

Martinrea International Stock Performance

Shares of Martinrea International stock opened at C$9.82 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 71.37. Martinrea International has a twelve month low of C$8.72 and a twelve month high of C$11.72. The stock has a market cap of C$687.15 million, a price-to-earnings ratio of 5.74, a P/E/G ratio of 0.82 and a beta of 1.73. The company’s fifty day moving average is C$10.36 and its 200 day moving average is C$10.20.

Martinrea International (TSE:MRE) last announced its earnings results on Tuesday, August 4th. The company reported C$0.61 EPS for the quarter. Martinrea International had a return on equity of 7.89% and a net margin of 2.60%. The firm had revenue of C$1.20 billion for the quarter. Sell-side analysts forecast that Martinrea International will post 2.50 EPS for the current year.

About Martinrea International

Martinrea International Inc is a leader in the development and production of quality metal parts, assemblies and modules, fluid management systems, and complex aluminum products focused primarily on the automotive sector. Martinrea currently operates in 56 locations in Canada, the United States, Mexico, Brazil, Germany, Slovakia, Spain, China, South Africa, and Japan. Martinrea’s vision is making lives better by being the best supplier we can be in the products we make and the services we provide.