Could Martinrea International Inc See a Reversal After This Very Weak Session?

 Could Martinrea International Inc See a Reversal After This Very Weak Session?

The stock of Martinrea International Inc (TSE:MRE) is a huge mover today! About 36,685 shares traded hands. Martinrea International Inc (TSE:MRE) has declined 17.21% since March 10, 2016 and is downtrending. It has underperformed by 22.83% the S&P500.
The move comes after 6 months negative chart setup for the $705.89 million company. It was reported on Oct, 17 by Barchart.com. We have $7.59 PT which if reached, will make TSE:MRE worth $56.47M less.

Martinrea International Inc (TSE:MRE) Ratings Coverage

Out of 4 analysts covering Martinrea International Inc. (TSE:MRE), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $21.50 is the highest target while $13.50 is the lowest. The $17.50 average target is 112.12% above today’s ($8.25) stock price. Martinrea International Inc. has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Martinrea International Inc (TSE:MRE) has “Buy” rating given on Monday, August 10 by Canaccord Genuity. IBC maintained Martinrea International Inc (TSE:MRE) on Monday, August 10 with “Outperform” rating. The company was maintained on Monday, August 10 by Paradigm Research. The rating was upgraded by Canaccord Genuity to “Focus List” on Tuesday, December 1.

More notable recent Martinrea International Inc (TSE:MRE) news were published by: Marketwired.com which released: “Martinrea International Inc. Holds Annual General Meeting” on June 13, 2016, also Marketwired.com with their article: “Martinrea International Inc. to Appoint Pat D’Eramo as President and Chief …” published on October 20, 2014, Marketwired.com published: “Martinrea International Inc. Releases First Quarter Results and Announces Dividend” on May 03, 2016. More interesting news about Martinrea International Inc (TSE:MRE) were released by: Crainsdetroit.com and their article: “Martinrea Hot Stampings in Detroit to lay off 68 workers” published on July 05, 2016 as well as Marketwired.com‘s news article titled: “Martinrea International Inc. to Announce Second Quarter Results on August 2, 2016” with publication date: July 26, 2016.

Martinrea International Inc. is a Canada firm engaged in the development and production of metal parts, assemblies and modules, fluid management systems and complex aluminum products focused primarily on the automotive sector. The company has a market cap of $705.89 million. The Company’s divisions are North America, Europe and Rest of the World. It has a 9.44 P/E ratio. It serves various vehicle manufacturers, as well as automotive suppliers and also serves other industrial sectors across the world.

MRE Company Profile

MDU Resources Group, Inc., incorporated on March 14, 1924, is a diversified natural resource company. The Company’s divisions include Electric, Natural Gas Distribution, Pipeline and Midstream, Construction Materials and Contracting, Construction Services and Refining. Montana-Dakota Utilities Co. (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution divisions, generates, transmits and distributes electricity and distributes natural gas in Montana, North Dakota, South Dakota and Wyoming. The Company, through Cascade Natural Gas Corporation (Cascade) distributes natural gas in Oregon and Washington. The Company, through Intermountain Gas Company (Intermountain) distributes natural gas in Idaho. Great Plains Natural Gas Co. (Great Plains) is a public utility division of the Company. Great Plains distributes natural gas in western Minnesota and southeastern North Dakota.

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