Raymond James Has Negative Outlook of TSE:MRE Q4 Earnings

Martinrea International Inc. (TSE:MRE) – Investment analysts at Raymond James decreased their Q4 2024 EPS estimates for Martinrea International in a report issued on Thursday, January 9th. Raymond James analyst M. Glen now anticipates that the company will post earnings of $0.21 per share for the quarter, down from their previous forecast of $0.30. Raymond James has a “Outperform” rating and a $14.00 price target on the stock. The consensus estimate for Martinrea International’s current full-year earnings is $2.50 per share. Raymond James also issued estimates for Martinrea International’s Q3 2025 earnings at $0.56 EPS.

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

Martinrea International Stock Down 3.2 %

TSE:MRE opened at C$8.39 on Monday. Martinrea International has a 1-year low of C$8.35 and a 1-year high of C$14.45. The company has a market capitalization of C$627.66 million, a PE ratio of 4.64, a P/E/G ratio of 0.82 and a beta of 2.08. The firm’s 50-day moving average price is C$9.73 and its 200-day moving average price is C$10.74. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68.

Insider Activity

In related news, Director Robert Peter Edward Wildeboer acquired 7,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average cost of C$10.02 per share, with a total value of C$70,140.00. Insiders own 11.31% of the company’s stock.

Martinrea International Company Profile

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.