Martinrea International Inc. (TSE:MRE – Get Free Report)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.52 and traded as high as C$11.80. Martinrea International shares last traded at C$11.45, with a volume of 127,935 shares changing hands.
Analysts Set New Price Targets
Separately, BMO Capital Markets reduced their price objective on Martinrea International from C$17.00 to C$15.00 in a research note on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$17.79.
View Our Latest Analysis on MRE
Martinrea International Trading Down 3.0 %
Martinrea International (TSE:MRE – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$0.58 earnings per share for the quarter, missing the consensus estimate of C$0.61 by C($0.03). Martinrea International had a return on equity of 9.43% and a net margin of 2.65%. The firm had revenue of C$1.30 billion for the quarter, compared to analyst estimates of C$1.33 billion. As a group, equities analysts predict that Martinrea International Inc. will post 2.5511983 EPS for the current fiscal year.
Martinrea International Dividend Announcement
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 paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Monday, September 30th. Martinrea International’s dividend payout ratio (DPR) is presently 11.05%.
About Martinrea International
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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