Martinrea International (TSE:MRE – Free Report) had its price objective cut by TD Securities from C$19.00 to C$18.00 in a research note published on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.
Separately, BMO Capital Markets lowered their price objective on shares of Martinrea International from C$17.00 to C$15.00 in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Martinrea International currently has an average rating of Moderate Buy and an average target price of C$17.64.
Martinrea International Price Performance
Martinrea International (TSE:MRE – Get Free Report) last announced 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 analyst estimates of C$1.33 billion. Martinrea International had a net margin of 2.65% and a return on equity of 9.43%. Sell-side analysts anticipate that Martinrea International will post 2.5511983 earnings per share for the current fiscal year.
Martinrea International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of ?. The ex-dividend date of this dividend is Monday, September 30th. Martinrea International’s payout ratio is currently 11.05%.
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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