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Martinrea (MRE-T)
TSE:MRE
10.22
0.26
(2.61%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Most Anticipated Earnings: MRE-T, PSI-T and more Canadian Companies Reporting Earnings this Week (Aug 05-09).Most Anticipated Earnings: SLF-T, REAL-T and more Canadian Companies Reporting Earnings this Week (Nov 13-17)Friday decline caps losing weekThis summary was created by AI, based on 6 opinions in the last 12 months.
Experts have varied opinions about the company Martinrea. Some feel that it is a good investment due to insider buying, improved margins, and its ability to supply components for both gas and electric cars. Others are cautious, citing the capital-intensive nature of the auto parts business and concerns about the slow uptake of electric vehicles. Overall, there is uncertainty about the company's future performance and its susceptibility to economic fluctuations.
$11.390
Owned
Auto parts is a terrible business. It demands heavy capital and constantly needs investment in production facilities. Also, it's highly competitive. The PE looks cheap, but it's capital heavy. Avoid.
A cyclical player, but that happens in the auto industry. He's added to this recently. Still cheap. Autos have issues: inventories are climbing and EVs haven't take off as expected. MRE can supply both EVs and traditional cars, and there's been insider buying. Trades at 3x operating cash flow and 8x forward PE.
It is very cheap. Many auto parts used in standard gas vehicles can also be used in EV's Also the migration to EV's will be slower than expected. The biggest risk is where auto sales are heading.
Current dividend yield is industry average. Current price looks inexpensive, but is cheap for a reason. Would recommend a small position. Valuation is attractive.
Ups and downs, but closed the year flat just like many other things. Flashing a yellow, if not red, light. Wait and see how this economy thing goes.
True, there are headwinds in autos, but this trades at 3-4x operating cash flow and 8-9x forward PE. Also, they're huge in areas like aluminum parts. Are well-positioned in gas-engine cars and EVs; there's 80% crossover shared between both kinds of cars.
(Analysts’ price target is $19.34)
Our PAST TOP PICK with MRE has triggered its stop at $12. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 11%, when combined with previous recommendations.
Following reported earnings indicating revenues increasing 22% over the year, we reiterate MRE as a TOP PICK. Supply chain and semi-conductor supply issues are lessening for the automotive supplier. It trades at 6x earnings and under book value. We like that cash reserves are growing, while debt is retired. We recommend trailing up the stop (from $11) to $12, looking to achieve $19 -- upside potential over 30%. Yield 1.4%
(Analysts’ price target is $19.22)Is really cheap at 8s forward PE and 3x operating cash flow. They delivered this year. Their operating margins are rising. He took some shares off the table at $15, worried about consumer spending and growth. Union impact? Doesn't know about direct impact by unions, but watch for impact of unions on the bigger players, like Ford.
We again reiterate MRE as a TOP PICK. The auto industry supplier last reported record all-time sales and growing cash reserves as it retired debt. It trades at 7x earnings and under book value. Its dividend is backed by a payout ratio under 15% of cash flow. We continue to recommend a stop-loss at $11, looking to achieve $19 -- upside potential of 40%. Yield 1.4%
(Analysts’ price target is $19.38)We reiterate this diversified supplier of automotive motor blocks and transmissions as a TOP PICK. Recently reported earnings showed sales were up over 12% on the year -- setting an all-time record. The company reports shortages of semiconductors is being to ease, which should continue to aid earnings growth. It trades at 6x earnings and under book value. Cash reserves are growing, while debt is retired. We continue to recommend a stop at $11, looking to achieve $19 -- upside potential of 43%. Yield 1.5%
(Analysts’ price target is $19.38)This Canadian based auto and propulsion light parts manufacturer is firing on all cylinders — pardon the pun. Recently reported earnings showed an all time record sales level - up 22% on the year. Management reports restrictions in semi-conductor parts are starting to ease and most of their plants are operation at full capacity. We like that cash reserves are growing as they retire debt. We recommend setting a stop loss at $11.00, looking to achieve $18.50 — upside potential of 37%. Yield 1.49%
(Analysts’ price target is $18.44)He does think there's some benefit in parts/repair. These companies are better value and have more upside. Interest rates will be challenging for a bigger purchase like a car. People who buy cars also tend to have mortgages. That's why he favours parts companies over the auto makers.
Good time to buy shares.
Car demand growing.
Current share price presenting good buying opportunity.
Cyclical business so not a good long term hold.
Martinrea(MRE-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 4
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, 4 stock analysts published opinions about MRE-T. 3 analysts recommended to BUY the stock. 1 analyst 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?
4 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 2024-11-22, Martinrea (MRE-T) stock closed at a price of $10.22.
The car sector has disappointed, is floundering. He sold some car stocks, but held onto MRE because it's cheap. Is lots of insider buying and margins are improving. Are almost immune from the EV transition because the components they made can be used in gas as well as electric cars. 8-9x forward PE and a good balance sheet.