Martinrea International (TSE:MRE) Stock Price Expected to Rise, TD Analyst Says

Martinrea International (TSE:MRE) had its price target upped by TD from C$15.00 to C$16.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price target indicates a potential upside of 42.10% from the stock’s previous close.

Martinrea International Price Performance

TSE MRE traded up C$1.00 during trading hours on Wednesday, reaching C$11.26. The company’s stock had a trading volume of 172,993 shares, compared to its average volume of 84,644. The company has a debt-to-equity ratio of 77.11, a quick ratio of 0.68 and a current ratio of 1.27. The company’s 50-day moving average is C$10.39 and its two-hundred day moving average is C$10.14. Martinrea International has a fifty-two week low of C$8.28 and a fifty-two week high of C$11.72. The stock has a market cap of C$798.27 million, a PE ratio of 6.95, a PEG ratio of 0.82 and a beta of 1.83.

Martinrea International (TSE:MRE) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$0.61 earnings per share (EPS) for the quarter. Martinrea International had a net margin of 2.46% and a return on equity of 7.74%. The company had revenue of C$1.20 billion for the quarter. Analysts forecast that Martinrea International will post 2.4988962 EPS for the current year.

Insider Activity

In other news, insider Hany Morsy purchased 4,400 shares of the stock in a transaction dated Monday, June 15th. The stock was acquired at an average cost of C$10.56 per share, for a total transaction of C$46,464.00. Following the completion of the acquisition, the insider directly owned 9,000 shares in the company, valued at C$95,040. This represents a 95.65% increase in their position. 11.31% of the stock is owned by corporate insiders.

About Martinrea International

Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids. The company also provides metal forming and welding solutions. The largest end market for Martinrea’s products is in North America.