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

Martinrea International (TSE:MRE) had its price target reduced by Raymond James from C$17.50 to C$14.00 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock. Raymond James also issued estimates for Martinrea International’s Q4 2024 earnings at $0.21 EPS and Q3 2025 earnings at $0.56 EPS.

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

Martinrea International Price Performance

Shares of TSE:MRE opened at C$8.39 on Friday. 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 stock has a market cap of C$627.66 million, a PE ratio of 4.64, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The stock’s fifty day simple moving average is C$9.73 and its two-hundred day simple moving average is C$10.74. Martinrea International has a 1-year low of C$8.35 and a 1-year high of C$14.45.

Insider Activity

In related news, Director Robert Peter Edward Wildeboer bought 7,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average price of C$10.02 per share, for a total transaction of C$70,140.00. Insiders own 11.31% of the company’s stock.

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.