Martinrea International Inc (TSE:MRE) – Investment analysts at Raymond James decreased their Q2 2020 earnings estimates for Martinrea International in a report issued on Thursday, June 25th. Raymond James analyst M. Glen now expects that the company will earn ($0.82) per share for the quarter, down from their prior estimate of ($0.45). Raymond James currently has a “Outperform” rating and a $16.00 price target on the stock. Raymond James also issued estimates for Martinrea International’s Q3 2020 earnings at $0.07 EPS and FY2020 earnings at ($0.25) EPS.
Several other research firms have also recently issued reports on MRE. Royal Bank of Canada cut their price objective on Martinrea International from C$16.00 to C$15.00 in a research report on Tuesday, April 28th. Scotiabank dropped their price objective on Martinrea International from C$15.00 to C$14.00 in a research report on Thursday, April 23rd. BMO Capital Markets dropped their price objective on Martinrea International from C$11.50 to C$11.00 in a research report on Friday. TD Securities lifted their price objective on Martinrea International from C$9.00 to C$14.00 and gave the stock a “hold” rating in a research report on Tuesday, June 9th. Finally, CIBC decreased their price target on Martinrea International from C$13.50 to C$13.00 in a research note on Tuesday, April 21st.
MRE stock opened at C$10.27 on Monday. The company has a current ratio of 1.39, a quick ratio of 0.82 and a debt-to-equity ratio of 81.64. The business has a 50 day simple moving average of C$9.80 and a 200-day simple moving average of C$10.79. Martinrea International has a twelve month low of C$5.64 and a twelve month high of C$14.75. The company has a market capitalization of $852.38 million and a P/E ratio of 5.43.
In other news, Senior Officer Robert Fairchild acquired 3,600 shares of Martinrea International stock in a transaction dated Friday, June 26th. The shares were acquired at an average cost of C$10.82 per share, with a total value of C$38,959.20. Following the purchase, the insider now directly owns 32,550 shares of the company’s stock, valued at approximately C$352,256.10.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 25th. Stockholders of record on Wednesday, July 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Tuesday, July 14th. Martinrea International’s dividend payout ratio is currently 9.78%.
Martinrea International Company Profile
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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