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Martinrea (MRE-T)

166 watching

TSE:MRE

11.83
0.05 (0.42%) 1d
May 26, 2023, 8:00 pm
0
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Martinrea(MRE-T)

28/03/2023
Martinrea
Stockchase Research Editor: Michael O’Reilly

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)
metal fabricators
The Panic-Proof Portfolio (Stockchase Research)
$13.350
Unknown
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BUY

Martinrea(MRE-T)

01/03/2023
Martinrea

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.

metal fabricators
Brendan Caldwell
$14.180
Owned
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BUY ON WEAKNESS

Martinrea(MRE-T)

10/02/2023
Martinrea

Good time to buy shares.
Car demand growing.
Current share price presenting good buying opportunity.
Cyclical business so not a good long term hold.


metal fabricators
Bruce Murray
$13.050
No
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PAST TOP PICK

Martinrea(MRE-T)

30/12/2022
Martinrea
(A Top Pick Dec 21/21, Up 6%) Very tough year for auto stocks. Consumer discretionary business will be tough in the coming year. Low supply due to chip shortage will be silver lining as economy enters recession (don't have too much inventory). Very cheap price for the stock and will continue to own stock.
metal fabricators
John Zechner
$11.260
Owned
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PAST TOP PICK

Martinrea(MRE-T)

25/10/2022
Martinrea
(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
John Zechner
$8.740
Owned
UnlockRating
HOLD

Martinrea(MRE-T)

05/10/2022
Martinrea
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
James Telfser
$8.650
Unknown
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WEAK BUY

Martinrea(MRE-T)

21/09/2022
Martinrea
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
Michael Sprung
$10.210
No
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TOP PICK

Martinrea(MRE-T)

22/08/2022
Martinrea
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
Bruce Campbell (2)
$10.560
Owned
UnlockRating
BUY

Martinrea(MRE-T)

04/08/2022
Martinrea
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
John Zechner
$9.605
Unknown
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PAST TOP PICK

Martinrea(MRE-T)

04/08/2022
Martinrea
(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
John Zechner
$9.605
Owned
UnlockRating
PAST TOP PICK

Martinrea(MRE-T)

10/06/2022
Martinrea
(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
John Zechner
$9.000
Owned
UnlockRating
HOLD

Martinrea(MRE-T)

26/04/2022
Martinrea
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
John Zechner
$7.720
Owned
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PAST TOP PICK

Martinrea(MRE-T)

26/04/2022
Martinrea
(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
John Zechner
$7.720
Owned
UnlockRating
WAIT

Martinrea(MRE-T)

23/03/2022
Martinrea
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
Greg Newman
$9.070
Unknown
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DON'T BUY

Martinrea(MRE-T)

01/02/2022
Martinrea
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
Michael Sprung
$10.500
No
UnlockRating
Showing 1 to 15 of 296 entries
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Martinrea(MRE-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 8

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 9

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, 9 stock analysts published opinions about MRE-T. 8 analysts recommended to BUY the stock. 0 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?

9 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 2023-05-26, Martinrea (MRE-T) stock closed at a price of $11.83.

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