Martinrea International Inc (TSE:MRE) – Stock analysts at Cormark dropped their Q2 2017 earnings per share estimates for shares of Martinrea International in a research note issued on Monday. Cormark analyst D. Tyerman now forecasts that the company will post earnings of $0.50 per share for the quarter, down from their previous estimate of $0.51. Cormark also issued estimates for Martinrea International’s Q4 2017 earnings at $0.44 EPS, FY2017 earnings at $1.78 EPS, Q2 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.50 EPS and FY2018 earnings at $2.02 EPS.
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Several other research analysts have also weighed in on MRE. BMO Capital Markets reiterated a “market perform” rating and set a C$11.00 price objective on shares of Martinrea International in a report on Tuesday, May 2nd. TD Securities restated a “buy” rating and issued a C$12.00 price target on shares of Martinrea International in a report on Wednesday, March 29th. CIBC cut their price target on shares of Martinrea International from C$11.50 to C$9.00 in a report on Tuesday, May 2nd. Scotiabank raised their price target on shares of Martinrea International from C$13.50 to C$15.00 and gave the company a “sector perform” rating in a report on Tuesday, May 2nd. Finally, Royal Bank Of Canada raised their price target on shares of Martinrea International from C$15.00 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, April 20th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of C$12.60.
Shares of Martinrea International (MRE) opened at 10.66 on Tuesday. The firm has a market capitalization of $922.22 million and a PE ratio of 8.96. The firm’s 50 day moving average is $11.08 and its 200-day moving average is $9.68. Martinrea International has a 12 month low of $6.70 and a 12 month high of $12.02.
About Martinrea International
Martinrea International Inc is a Canada-based company engaged in the development and production of metal parts, assemblies and modules, fluid management systems and complex aluminum products focused primarily on the automotive sector. The Company’s segments are North America, Europe and Rest of the World.
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