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Martinrea International Inc T.MRE

Alternate Symbol(s):  MRETF

Consumer Cyclical Auto Parts
Martinrea International Inc. is a Canada-based diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added lightweight structures and propulsion systems. The Company’s offerings include a range of products, assemblies and systems for small and large cars, crossovers, pickups and sport utility vehicles. The Company's operations are segmented on a geographic basis between North America, Europe and Rest of the World. The Company's solutions include lightweight structures, propulsion systems, flexible manufacturing, and graphene technology. Its lightweight structure products include complex assemblies and exterior trim. Its flexible manufacturing products include bus frame assemblies and front vertical corner modules. Its graphene products include graphene and nylon coated brake lines and electric vehicle batteries enhanced with graphene. It operates in around 59 countries, such as Canada, the United States and Mexico.


TSX:MRE - Post by User

Martinrea International Inc > Analyst Coverage...
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Comment by winnerswingon Aug 09, 2022 5:02pm
196 Views
Post# 34882962

RE:Analyst Coverage...

RE:Analyst Coverage...
zack50 wrote:

CIBC’s Krista Friesen raised her Martinrea International Inc. target to $10.50 from $9.75 with a “neutral” rating. Others making changes include: BMO’s Peter Sklar to $11 from $9 with a “market perform” rating. Scotia’s Mark Neville to $14 from $13 with a “sector perform” rating and Raymond James’ Michael Glen to $12 from $11 with a “market perform” rating The average is $13.81.

“We found the quarter to be inherently stronger than the EPS level indicates as both North American and European operations performed notably better than our projections in terms of operating earnings,” said Mr. Sklar. “However, earnings were suppressed by COVID lockdowns in China (Shanghai and in other areas), which caused significant disruption to operations and results. Notwithstanding the favourable earnings outlook for 2023, our thesis is that we find auto parts stocks generally underperform during periods of Fed tightening.”



Did you picked only the ones who raised the target price?
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