Martinrea International Inc (TSE:MRE) - Equities research analysts at Cormark lowered their FY2019 earnings per share (EPS) estimates for Martinrea International in a research note issued to investors on Monday. Cormark analyst D. Tyerman now expects that the company will post earnings of $2.27 per share for the year, down from their previous forecast of $2.31. Cormark also issued estimates for Martinrea International’s FY2020 earnings at $2.50 EPS and FY2021 earnings at $2.69 EPS.
Several other brokerages have also recently commented on MRE. Scotiabank raised their price target on shares of Martinrea International from C$13.50 to C$15.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 2nd. BMO Capital Markets reissued a “market perform” rating and issued a C$11.00 price target on shares of Martinrea International in a research report on Tuesday, May 2nd. TD Securities reissued a “buy” rating and issued a C$12.00 price target on shares of Martinrea International in a research report on Wednesday, March 29th. CIBC decreased their price target on shares of Martinrea International from C$11.50 to C$9.00 in a research report on Tuesday, May 2nd. Finally, Royal Bank Of Canada raised their price target on shares of Martinrea International from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, April 20th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Martinrea International currently has an average rating of “Buy” and a consensus target price of C$12.60.
Martinrea International (TSE MRE) traded up 0.09% during mid-day trading on Wednesday, reaching $10.81. The company’s stock had a trading volume of 110,531 shares. Martinrea International has a 52 week low of $6.70 and a 52 week high of $12.02. The company’s 50-day moving average price is $10.73 and its 200 day moving average price is $9.87. The firm has a market capitalization of $935.19 million and a price-to-earnings ratio of 9.08.
About Martinrea International
Martinrea International Inc is a Canada-based company engaged in the development and production of metal parts, assemblies and modules, fluid management systems and complex aluminum products focused primarily on the automotive sector. The Company’s segments are North America, Europe and Rest of the World.
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