Martinrea International (MRETF) Gets a Hold Rating from TD Securities

By Jason Carr

TD Securities analyst Brian Morrison maintained a Hold rating on Martinrea International (MRETFResearch Report) today and set a price target of C$8.00. The company’s shares closed last Monday at $4.62, close to its 52-week low of $3.98.

According to TipRanks.com, Morrison is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -11.1% and a 40.8% success rate. Morrison covers the Industrial Goods sector, focusing on stocks such as Magna International, Canadian Tire, and Linamar.

Currently, the analyst consensus on Martinrea International is a Moderate Buy with an average price target of $9.96, which is an 112.6% upside from current levels. In a report released today, BMO Capital also maintained a Hold rating on the stock with a C$9.00 price target.

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Martinrea International’s market cap is currently $410.9M and has a P/E ratio of 3.00. The company has a Price to Book ratio of 0.47.

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Martinrea International, Inc. engages in the development and production of metal products for automotive sector. It operates through the following geographical segments: North America, Europe, and Rest of the World. Its products include suspension and chassis metal, body and structure metal and aluminum components, chassis modules, fluid and air handling systems, and fabricated assemblies. The company was founded by Robert P. E. Wildeboer and Nick Orlando in 1987 and is headquartered in Vaughan, Canada.