Martinrea International (TSE:MRE) Stock Gets Price Target Increase from Raymond James Financial

Martinrea International (TSE:MRE) had its price target raised by investment analysts at Raymond James Financial from C$12.00 to C$14.00 in a research report issued to clients and investors on Friday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial‘s target price indicates a potential upside of 29.75% from the stock’s current price.

Separately, TD decreased their price target on shares of Martinrea International from C$16.00 to C$15.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$13.62.

Martinrea International Stock Performance

Shares of Martinrea International stock traded up C$1.13 during trading hours on Friday, hitting C$10.79. 461,023 shares of the company’s stock traded hands, compared to its average volume of 89,446. Martinrea International has a 12-month low of C$8.72 and a 12-month high of C$11.72. The stock has a market capitalization of C$755.03 million, a price-to-earnings ratio of 6.31, a PEG ratio of 0.82 and a beta of 1.68. The company has a fifty day simple moving average of C$9.89 and a 200-day simple moving average of C$10.11. The company has a debt-to-equity ratio of 71.37, a current ratio of 1.23 and a quick ratio of 0.68.

Martinrea International (TSE:MRE) last posted its quarterly earnings data on Thursday, November 12th. The company reported C$0.52 EPS for the quarter. The business had revenue of C$1.18 billion for the quarter. Martinrea International had a return on equity of 7.89% and a net margin of 2.60%. Equities research analysts anticipate that Martinrea International will post 2.50 EPS for the current fiscal 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.