03:04:53 EST Fri 27 Dec 2024
Enter Symbol
or Name
USA
CA



Martinrea International Inc
Symbol MRE
Shares Issued 78,792,540
Close 2023-12-29 C$ 14.34
Market Cap C$ 1,129,885,024
Recent Sedar Documents

Globe says Martinrea added to Megastar portfolio

2024-01-02 07:36 ET - In the News

The Globe and Mail reports in its Saturday, Dec. 30, edition that its Megastar portfolio outperformed the market by 9.4 percentage points since last year. The Globe's Norman Rothery writes that Martinrea International has been added to this year's Megastar portfolio. Martinrea International is one of The Globe's top 20 picks for 2024. Martinrea International is an auto parts maker that makes its home in Vaughan, Ont., and it recently reported a new quarterly sales record, with total sales near $1.4-billion. Its stock trades at a modest six times trailing earnings, five times forward 12-month earnings estimates and 0.7 times book value. The Globe reported on Oct. 20 that RBC Dominion Securities analyst Paul Quinn continued to rate Martinrea International "outperform." It was then worth $14.20. The Globe reported on Nov. 28 that Paradigm Capital analyst J. Marvin Wolff had reaffirmed his "buy" recommendation for Martinrea International. The shares were then going for $11.76. The Globe reported on Dec. 20 that CIBC World Markets analyst Krista Friesen had elevated her recommendation for Martinrea International to "outperformer" from "neutral." The shares could then be had for $13.78.

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