Peter Cirulis Buys 2,975 Shares of Martinrea International Inc. (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE) Senior Officer Peter Cirulis acquired 2,975 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were acquired at an average cost of C$8.40 per share, with a total value of C$24,990.00.

Peter Cirulis also recently made the following trade(s):

• On Thursday, June 13th, Peter Cirulis purchased 6,141 shares of Martinrea International stock. The stock was purchased at an average cost of C$8.56 per share, with a total value of C$52,566.96.

Martinrea International Stock Performance

MRE stock opened at C$11.50 on Friday. Martinrea International Inc. has a 1-year low of C$10.75 and a 1-year high of C$15.16. The firm has a market cap of C$882.51 million, a P/E ratio of 6.08, a P/E/G ratio of 0.82 and a beta of 2.23. The business’s 50 day moving average is C$11.80 and its 200-day moving average is C$12.61. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 84.42.

Martinrea International (TSE:MRE) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$0.62 EPS for the quarter, topping analysts’ consensus estimates of C$0.57 by C$0.05. The business had revenue of C$1.32 billion for the quarter, compared to analyst estimates of C$1.31 billion. Martinrea International had a return on equity of 10.13% and a net margin of 2.78%. Equities analysts anticipate that Martinrea International Inc. will post 2.3584906 earnings per share for the current fiscal year.

Martinrea International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, June 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.74%. Martinrea International’s dividend payout ratio (DPR) is presently 10.58%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MRE. Raymond James cut their price target on Martinrea International from C$20.00 to C$18.00 and set an “outperform” rating for the company in a report on Friday, March 1st. Scotiabank cut their price target on Martinrea International from C$15.00 to C$14.50 in a report on Friday, May 3rd. TD Securities lowered Martinrea International from an “action list buy” rating to a “buy” rating and lowered their price objective for the company from C$21.00 to C$19.00 in a research note on Friday, March 1st. Finally, CIBC lowered their price objective on Martinrea International from C$18.00 to C$17.50 and set an “outperform” rating on the stock in a research note on Monday, May 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Martinrea International currently has a consensus rating of “Moderate Buy” and an average target price of C$18.25.

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.