Raymond James Has Pessimistic Outlook of TSE:MRE Q4 Earnings

Martinrea International Inc. (TSE:MREFree Report) – Equities researchers at Raymond James reduced their Q4 2024 EPS estimates for shares of Martinrea International in a research report issued on Thursday, January 9th. Raymond James analyst M. Glen now expects that the company will post earnings of $0.21 per share for the quarter, down from their previous forecast of $0.30. Raymond James currently has a “Outperform” rating and a $14.00 target price 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.

MRE has been the topic of a number of other research reports. BMO Capital Markets lowered shares of 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. TD Securities reduced their target price on Martinrea International from C$18.00 to C$13.00 in a report on Wednesday, November 13th. Finally, CIBC boosted their price target on Martinrea International from C$14.50 to C$14.75 and gave the company an “outperform” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$13.45.

View Our Latest Stock Analysis on MRE

Martinrea International Trading Up 2.0 %

Martinrea International stock opened at C$8.79 on Monday. The company has a market cap of C$657.58 million, a price-to-earnings ratio of 4.86, a P/E/G ratio of 0.82 and a beta of 2.08. The firm has a 50-day moving average of C$9.69 and a 200-day moving average of C$10.71. The company has a debt-to-equity ratio of 83.13, a current ratio of 1.25 and a quick ratio of 0.68. Martinrea International has a one year low of C$8.35 and a one year high of C$14.45.

Insider Transactions at Martinrea International

In other news, Director Robert Peter Edward Wildeboer acquired 7,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was bought at an average cost of C$10.02 per share, for a total transaction of C$70,140.00. 11.31% of the stock is owned by corporate insiders.

About Martinrea International

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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.

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Earnings History and Estimates for Martinrea International (TSE:MRE)

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