Martinrea International (TSE:MRE – Get Free Report) had its price objective lowered by research analysts at CIBC from C$17.50 to C$17.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 54.55% from the company’s previous close.
Other analysts have also recently issued research reports about the company. BMO Capital Markets decreased their target price on Martinrea International from C$17.00 to C$15.00 in a report on Wednesday, August 7th. TD Securities lowered their price objective on shares of Martinrea International from C$19.00 to C$18.00 and set a “buy” rating for the company in a research report on Monday, September 30th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.57.
Get Our Latest Stock Analysis on MRE
Martinrea International Price Performance
Martinrea International (TSE:MRE – Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported C$0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.03). The firm had revenue of C$1.30 billion during the quarter, compared to the consensus estimate of C$1.33 billion. Martinrea International had a net margin of 2.65% and a return on equity of 9.43%. On average, sell-side analysts predict that Martinrea International will post 2.4988962 EPS for the current fiscal year.
Martinrea International Company Profile
Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.
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