Martinrea International Inc. (TSE:MRE - Get Free Report) Senior Officer Peter Cirulis purchased 2,975 shares of the firm's stock in a transaction on Wednesday, June 26th. The stock was acquired at an average cost of C$8.40 per share, for a total transaction of C$24,990.00.
Peter Cirulis also recently made the following trade(s):
- On Thursday, June 13th, Peter Cirulis purchased 6,141 shares of Martinrea International stock. The stock was acquired at an average cost of C$8.56 per share, for a total transaction of C$52,566.96.
Martinrea International Stock Performance
Shares of TSE:MRE opened at C$11.26 on Thursday. The company has a market cap of C$864.09 million, a P/E ratio of 5.96, a PEG ratio of 0.82 and a beta of 2.23. The company has a debt-to-equity ratio of 84.42, a quick ratio of 0.68 and a current ratio of 1.23. Martinrea International Inc. has a one year low of C$10.75 and a one year high of C$15.16. The business's 50-day simple moving average is C$11.78 and its 200 day simple moving average is C$12.63.
Martinrea International (TSE:MRE - Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported C$0.62 EPS for the quarter, beating the consensus estimate of C$0.57 by C$0.05. The business had revenue of C$1.32 billion for the quarter, compared to the consensus estimate of C$1.31 billion. Martinrea International had a return on equity of 10.13% and a net margin of 2.78%. On average, sell-side analysts forecast that Martinrea International Inc. will post 2.3584906 earnings per share for the current fiscal year.
Martinrea International Dividend Announcement
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The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, June 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.78%. Martinrea International's payout ratio is currently 10.58%.
Analyst Ratings Changes
A number of analysts have issued reports on MRE shares. Scotiabank decreased their price target on Martinrea International from C$15.00 to C$14.50 in a research note on Friday, May 3rd. CIBC reduced their price objective on Martinrea International from C$18.00 to C$17.50 and set an "outperform" rating on the stock in a research note on Monday, May 6th. TD Securities lowered Martinrea International from an "action list buy" rating to a "buy" rating and reduced their price objective for the company from C$21.00 to C$19.00 in a research note on Friday, March 1st. Finally, Raymond James reduced their price objective on Martinrea International from C$20.00 to C$18.00 and set an "outperform" rating on the stock in a research note on Friday, March 1st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$18.25.
View Our Latest Stock Analysis on MRE
About Martinrea International
(
Get Free Report)
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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