Martinrea International Inc. (TSE:MRE) Senior Officer Buys C$52,566.96 in Stock

Martinrea International Inc. (TSE:MRE) Senior Officer Peter Cirulis bought 6,141 shares of Martinrea International stock in a transaction on Thursday, June 13th. The shares were purchased at an average price of C$8.56 per share, for a total transaction of C$52,566.96.

Martinrea International Stock Performance

Shares of MRE stock opened at C$11.65 on Friday. The company has a market capitalization of C$894.02 million, a price-to-earnings ratio of 6.16, a price-to-earnings-growth ratio of 0.82 and a beta of 2.23. The company has a debt-to-equity ratio of 84.42, a quick ratio of 0.68 and a current ratio of 1.23. Martinrea International Inc. has a one year low of C$10.75 and a one year high of C$15.16. The company’s 50-day moving average is C$11.74 and its 200 day moving average is C$12.67.

Martinrea International (TSE:MRE) last announced its quarterly earnings results on Thursday, May 2nd. The company reported C$0.62 earnings per share for the quarter, beating the consensus estimate of C$0.57 by C$0.05. The company had revenue of C$1.32 billion during the quarter, compared to the consensus estimate of C$1.31 billion. Martinrea International had a net margin of 2.78% and a return on equity of 10.13%. Sell-side analysts expect that Martinrea International Inc. will post 2.3584906 EPS for the current fiscal year.

Martinrea International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Friday, June 28th. Martinrea International’s payout ratio is currently 10.58%.

Analyst Ratings Changes

MRE has been the subject of a number of research reports. Raymond James decreased their price objective on Martinrea International from C$20.00 to C$18.00 and set an “outperform” rating for the company in a report on Friday, March 1st. Scotiabank lowered their price target on shares of Martinrea International from C$15.00 to C$14.50 in a research report on Friday, May 3rd. TD Securities cut shares of Martinrea International from an “action list buy” rating to a “buy” rating and cut their price objective for the stock from C$21.00 to C$19.00 in a report on Friday, March 1st. Finally, CIBC lowered their target price on shares of Martinrea International from C$18.00 to C$17.50 and set an “outperform” rating for the company in a report on Monday, May 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.25.

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.