Martinrea International (TSE:MRE) had its price target cut by TD Securities from C$17.50 to C$17.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other research firms have also recently issued reports on MRE. BMO Capital Markets cut shares of Martinrea International from an outperform rating to a market perform rating and lowered their price objective for the stock from C$18.00 to C$14.00 in a research report on Thursday, March 21st. CIBC lowered their price objective on shares of Martinrea International from C$18.00 to C$17.50 in a research report on Tuesday, February 19th.
Shares of TSE:MRE opened at C$11.21 on Monday. The company has a market capitalization of $979.18 million and a PE ratio of 5.20. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 87.66. Martinrea International has a 12 month low of C$9.45 and a 12 month high of C$17.50.
Martinrea International (TSE:MRE) last released its quarterly earnings data on Thursday, February 28th. The company reported C$0.51 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of C$0.51. The company had revenue of C$926.15 million for the quarter, compared to analyst estimates of C$901.20 million. As a group, research analysts expect that Martinrea International will post 2.77000007388314 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Thursday, June 27th. Martinrea International’s dividend payout ratio is 8.35%.
About Martinrea International
Martinrea International Inc designs, engineers, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally. The company offers aluminum products, including engine blocks, oil pans, cam carriers, camshaft and transmission housings, sub frames, knuckles, control arms, longitudinal and cross members, shock towers, components for electric vehicles, fabrication and modules, and aluminum plates and coils.
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