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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 8 opinions in the last 12 months.
Martinrea International Inc. (MRE-T) is a diversified supplier of automotive motor blocks and transmissions that has had ups and downs, but closed the year flat. There are headwinds in the auto industry, but the company is well-positioned in gas-engine cars and EVs, with 80% crossover shared between both. The stock is inexpensive and trades at 6-8x earnings, with growing cash reserves and retired debt. Some experts recommend a small position while others see upside potential of 30-40% with a stop-loss at $11. Overall, the stock appears to be attractive for the long term despite some uncertainties in the economy.
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)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.
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 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
In the last year, 5 stock analysts published opinions about MRE-T. 4 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.
Martinrea was recommended as a Top Pick by on . Read the latest stock experts ratings for Martinrea.
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.
5 stock analysts on Stockchase covered Martinrea In the last year. It is a trending stock that is worth watching.
On 2024-10-11, Martinrea (MRE-T) stock closed at a price of $11.48.
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.