Raymond James Lowers Martinrea International (TSE:MRE) Price Target to C$14.00

Martinrea International (TSE:MRE) had its price target cut by stock analysts at Raymond James from C$17.50 to C$14.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price points to a potential upside of 66.87% from the company’s previous close. Raymond James also issued estimates for Martinrea International’s Q4 2024 earnings at $0.21 EPS and Q3 2025 earnings at $0.56 EPS.

Other equities analysts have also issued research reports about the company. CIBC decreased their target price on Martinrea International from C$17.00 to C$14.50 in a research report on Thursday, November 14th. BMO Capital Markets cut shares of Martinrea International from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$13.00 to C$11.00 in a report on Monday, December 16th. Finally, TD Securities dropped their price target on Martinrea International from C$18.00 to C$13.00 in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Martinrea International has a consensus rating of “Moderate Buy” and an average target price of C$13.40.

Martinrea International Stock Performance

Shares of MRE opened at C$8.39 on Friday. Martinrea International has a 12 month low of C$8.35 and a 12 month high of C$14.45. The business’s fifty day simple moving average is C$9.73 and its two-hundred day simple moving average is C$10.74. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 83.13. The company has a market cap of C$627.66 million, a price-to-earnings ratio of 4.64, a P/E/G ratio of 0.82 and a beta of 2.08.

Insider Buying and Selling at Martinrea International

In other news, Director Robert Peter Edward Wildeboer bought 7,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were bought at an average price of C$10.02 per share, for a total transaction of C$70,140.00. 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.