Insider Buying: Martinrea International Inc. (TSE:MRE) Senior Officer Buys C$24,990.00 in Stock

Martinrea International Inc. (TSE:MRE) Senior Officer Peter Cirulis bought 2,975 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was acquired at an average price 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 bought 6,141 shares of Martinrea International stock. The stock was acquired at an average price of C$8.56 per share, with a total value of C$52,566.96.

Martinrea International Price Performance

MRE stock opened at C$11.50 on Friday. The company has a debt-to-equity ratio of 84.42, a quick ratio of 0.68 and a current ratio of 1.23. 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 price-to-earnings-growth ratio of 0.82 and a beta of 2.23. The stock has a 50-day simple moving average of C$11.80 and a 200-day simple moving average of C$12.61.

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

Martinrea International Dividend Announcement

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

Analyst Upgrades and Downgrades

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