Martinrea International (MRE) Set to Announce Earnings on Tuesday

Martinrea International (TSE:MRE) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of C$0.53 per share for the quarter.

Martinrea International Stock Performance

Shares of MRE opened at C$11.02 on Monday. The firm has a market cap of C$824.41 million, a price-to-earnings ratio of 6.09, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The company’s fifty day moving average is C$11.26 and its 200-day moving average is C$11.42. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 83.13. Martinrea International has a 12 month low of C$10.05 and a 12 month high of C$14.59.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. CIBC lowered their target price on shares of Martinrea International from C$17.50 to C$17.00 in a research report on Friday. TD Securities cut their price objective on Martinrea International from C$19.00 to C$18.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Finally, BMO Capital Markets reduced their target price on Martinrea International from C$17.00 to C$15.00 in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.33.

About Martinrea International

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.