BMO Capital Upgrades Martinrea International Inc. to HoldBy Ryan Adsit
In a report issued on November 4, Peter Sklar from BMO Capital upgraded Martinrea International Inc. (NASDAQ: MRETF) to Hold. The company’s shares closed yesterday at $5.48, close to its 52-week low of $5.42.
According to TipRanks.com, Sklar is a 4-star analyst with an average return of 26.7% and a 83.3% success rate. Sklar covers the Services sector, focusing on stocks such as Restaurant Brands International, Alimentation Couche Tard, and Magna International.
Martinrea International Inc. has an analyst consensus of Hold.
Based on Martinrea International Inc.’s latest earnings report from December 31, the company posted quarterly revenue of $858.6M and quarterly net profit of -$51.43M. In comparison, last year the company earned revenue of $858.6M and had a net profit of -$51.43M.
Martinrea International, Inc. designs, engineers, manufactures and sells metal parts, assemblies and modules, complex aluminum products and fluid management systems to the automotive and transportation industry. It products includes suspension and chassis metal components, body and structure metal components, aluminum components, chassis modules, fluid and air handling systems and fabricated assemblies. The company was founded on May 1, 1998 and is headquartered in Vaughan, Canada.