Ganesh Koduvayur Venkatasubramanian Kesavan Iyer Acquires 2,300 Shares of Martinrea International Inc. (TSE:MRE) Stock

Martinrea International Inc. (TSE:MREGet Free Report) Senior Officer Ganesh Koduvayur Venkatasubramanian Kesavan Iyer acquired 2,300 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average price of C$8.62 per share, with a total value of C$19,826.23.

Martinrea International Trading Up 2.9 %

MRE opened at C$11.80 on Friday. Martinrea International Inc. has a twelve month low of C$11.10 and a twelve month high of C$15.23. The company has a quick ratio of 0.68, a current ratio of 1.16 and a debt-to-equity ratio of 83.83. The company has a fifty day moving average of C$13.74 and a 200-day moving average of C$13.05. The stock has a market cap of C$936.09 million, a PE ratio of 4.88, a price-to-earnings-growth ratio of 0.82 and a beta of 2.29.

Martinrea International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Sunday, March 31st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, March 27th. Martinrea International’s dividend payout ratio (DPR) is presently 8.26%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MRE. Raymond James lowered their price objective on shares of Martinrea International from C$20.00 to C$18.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. Scotiabank cut shares of Martinrea International from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$18.50 to C$15.00 in a research report on Friday, March 1st. CIBC decreased their price target on shares of Martinrea International from C$20.00 to C$18.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. TD Securities cut shares of Martinrea International from an “action list buy” rating to a “buy” rating and decreased their price target for the company from C$21.00 to C$19.00 in a research report on Friday, March 1st. Finally, Cormark decreased their price target on shares of Martinrea International from C$21.50 to C$19.00 in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$18.21.

View Our Latest Analysis on MRE

Martinrea International Company Profile

(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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