Raymond James Has Lowered Expectations for Martinrea International (TSE:MRE) Stock Price

Martinrea International (TSE:MRE) had its target price cut by analysts at Raymond James from C$17.50 to C$14.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 66.87% from the company’s previous close. Raymond James also issued estimates for Martinrea International’s Q4 2024 earnings at $0.21 EPS and Q3 2025 earnings at $0.56 EPS.

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

Martinrea International Price Performance

MRE opened at C$8.39 on Friday. Martinrea International has a fifty-two week low of C$8.35 and a fifty-two week high of C$14.45. The firm has a 50-day moving average of C$9.73 and a 200 day moving average of C$10.74. The company has a debt-to-equity ratio of 83.13, a quick ratio of 0.68 and a current ratio of 1.25. The firm has a market cap of C$627.66 million, a P/E ratio of 4.64, a PEG ratio of 0.82 and a beta of 2.08.

Insiders Place Their Bets

In other news, Director Robert Peter Edward Wildeboer acquired 7,000 shares of Martinrea International stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average price of C$10.02 per share, with a total value of C$70,140.00. Company 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.