PAST TOP PICK
(A Top Pick Oct 04/21, Down 22%) The chip shortage and rising labour costs have hurt this stock. It has disappointed. But it's cheaper now in terms of PE and cash flow. Their last quarter was pretty good. Auto inventories are low, so he sees no shortage of business for them.
metal fabricators

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HOLD
Valuation is incredibly depressed. Tough road ahead, potential recession. Buffer of safety with their backlog. Stick with it. Increased OEM production should benefit earnings and guidance in coming quarters.
metal fabricators
WEAK BUY
In a good position, generally speaking. Economically sensitive. He prefers the larger caps, such as LNR or MG, as there's more potential at current prices.
metal fabricators
TOP PICK
Builds components for cars. The supply chain has loosened up and the demand is still there - good for the business. Recent earnings were much ahead of expectations and they kept guidance. As far as the wider space, e.g. Linamar and Magna, it is a bit smaller so has more flexibility to go into areas that they can't move to quite as quickly. Buy 5 Hold 4 Sell 0 (Analysts’ price target is $14.50)
metal fabricators
BUY
All parts manufacturers have suffered due to supply chain issues. There will be a recovery. He'd pick MG, MRE, and LNR in that order.
metal fabricators
PAST TOP PICK
(A Top Pick Aug 23/21, Down 19%) Slowdown in the auto sector went on longer. Still likes it and the valuation, added recently. Last quarter wasn't bad. Chip shortage is easing.
metal fabricators
PAST TOP PICK
(A Top Pick Jun 18/21, Down 28%) Auto sector has been hit very hard with recent supply chain issues, inflation and market slowdown. Current share price is presenting good buying opportunity. ~3x share price to cash flow. Will continue to hold shares.
metal fabricators
HOLD
Prefers it to Linamar because of the valuation and they have more plays on batteries for EVs, which offer growth potential. These stocks move as a group, though it's been a bloodbath for this sector over recession fears. Semis shortages have been an overhang longer than he expected. But car demand remains high with inventories low. They will do well as we transition to e-cars. Also likes Magna.
metal fabricators
PAST TOP PICK
(A Top Pick Apr 19/21, Down 42%) The car sector has been decimated and the chip shortage hasn't helped. The car sector is acting like we're in the next recession already, though he doesn't see one coming.
metal fabricators
WAIT
Facing headwinds. Lower production in Europe, rising oil prices, higher commodity costs, inflation, supply chain disruption that's not ending. Bull case is it's cheap and growth will pick up. Don't buy right now, but likes it longer term. Same comments for all auto stocks.
metal fabricators
DON'T BUY
Raw material and labour costs will rise for all auto-parts makers, which will pressure their margins. That said, it's a very good business to be in. He prefers Magna and Linamar. MRE has always been cheaper in PE to their peers, but it's not his first choice in auto-parts. All these companies will adapt to the EV market. See also his comments on LNR.
metal fabricators
COMMENT
Poor performance due to supply chain and chip shortages. Earnings have been hit hard. Valuation is low and might present buying opportunity. Positioned well for electric vehicle + combustion engine manufacturing.
metal fabricators
DON'T BUY
MRE vs. LNR vs. MG A bit of a dilemma. All being hit by supply shortages. Earnings ticking down, so PE's are at the higher range. In terms of ROE, MG would be the most profitable. MRE's is quite a bit less, though the multiple is also less. MRE is 0.8 price to book, PE of 9.8. His choice is LNR: it's in the middle of the pack, price to book is just over 1, PE is 10, and ROE tends to be more over time.
metal fabricators
DON'T BUY
MRE vs. MG MG is one of the top two companies in the world, with lots of technology in the car. MRE is smaller, hit hard by pandemic. Working on a new technology, but it's at early stages and expensive. Needs to show some of its problems are behind it. Go with MG.
metal fabricators
TOP PICK
Auto sector looks incredibly cheap. Trading under 3x operating cashflow. Well positioned when the industry turns around. Yield is 1.90%. (Analysts’ price target is $16.00)
metal fabricators
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Martinrea(MRE-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 6

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 10

Stockchase rating for Martinrea is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Martinrea(MRE-T) Frequently Asked Questions

What is Martinrea stock symbol?

Martinrea is a Canadian stock, trading under the symbol MRE-T on the Toronto Stock Exchange (MRE-CT). It is usually referred to as TSX:MRE or MRE-T

Is Martinrea a buy or a sell?

In the last year, 10 stock analysts published opinions about MRE-T. 6 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Martinrea.

Is Martinrea a good investment or a top pick?

Martinrea was recommended as a Top Pick by on . Read the latest stock experts ratings for Martinrea.

Why is Martinrea stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Martinrea worth watching?

10 stock analysts on Stockchase covered Martinrea In the last year. It is a trending stock that is worth watching.

What is Martinrea stock price?

On 2022-12-08, Martinrea (MRE-T) stock closed at a price of $12.17.