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

Martinrea International (TSE:MRE) had its price target cut by equities research analysts at TD from C$16.00 to C$15.00 in a research report issued on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. TD’s target price points to a potential upside of 53.53% from the stock’s current price.

Martinrea International Trading Down 2.3%

Shares of TSE MRE traded down C$0.23 during trading on Thursday, hitting C$9.77. 48,084 shares of the company traded hands, compared to its average volume of 83,181. Martinrea International has a 1 year low of C$8.72 and a 1 year high of C$11.72. The company has a 50-day moving average price of C$10.37 and a 200-day moving average price of C$10.20. The firm has a market capitalization of C$683.66 million, a P/E ratio of 5.71, a P/E/G ratio of 0.82 and a beta of 1.73. 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 (TSE:MRE) last issued its earnings results on Tuesday, August 4th. The company reported C$0.61 earnings per share for the quarter. Martinrea International had a return on equity of 7.89% and a net margin of 2.60%.The business had revenue of C$1.20 billion for the quarter. On average, equities analysts predict that Martinrea International will post 2.4988962 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.