TD Securities cuts Martinrea target to CAD 15.00 for Martinrea stock

Published on 10/20/2026 at 21:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached CAD 1.20 billion against CAD 1.23 billion estimates. Martinrea stock costs EUR 6.00 on October 20, 2026 at 9:45 p.m. CEST.

Analyst target and earnings

TD Securities lowered its Martinrea target to CAD 15.00 from CAD 16.00 on October 8, 2026.
Second-quarter 2026 revenue reached CAD 1.20 billion versus CAD 1.23 billion estimated.
Martinrea stock costs EUR 6.00 at Lang & Schwarz on October 20, 2026 at 9:45 p.m. CEST.

MRE, CA5734591046, Illustration mit AI erstellt.

Martinrea International (CA5734591046) is facing a lower valuation benchmark after TD Securities cut its price target to CAD 15.00 from CAD 16.00 on October 8, 2026, while maintaining its Buy rating, as reported by The Globe and Mail. The target lies 57.40 percent above the TSX price of CAD 9.53 on October 20, 2026. The euro quote was EUR 6.00 at Lang & Schwarz on October 20, 2026 at 9:45 p.m. CEST.

Revenue trails the estimate

Martinrea reported CAD 1.20 billion of revenue for the second quarter of 2026, compared with a CAD 1.23 billion estimate. TradingView also lists adjusted earnings per share of CAD 0.61 against a CAD 0.58 estimate for the same period, a 5.17 percent difference between actual and consensus figures.

The quarterly result matters because revenue and profit pointed in different directions. Net income reached CAD 43.13 million in the second quarter of 2026, up from CAD 27.85 million in the first quarter, while revenue increased from CAD 1.13 billion to CAD 1.20 billion between those periods, according to the company's financial records on its Martinrea International investor-relations page.

Stock valuation and November date

Martinrea had a market capitalization of CAD 666.9 million and a price-to-earnings ratio of 5.56 as of October 20, 2026. The TSX listing is Martinrea's home market, with the company identified as TSX:MRE by 6ix.

Yahoo Finance lists November 10, 2026 as Martinrea's next earnings date. That date gives the market a defined checkpoint for testing whether the second-quarter revenue gap narrows.

What the target says about valuation

TD Securities' CAD 15.00 target remains materially above the October 20 TSX price, even after the reduction from CAD 16.00. The contrast puts the analyst's valuation view beside Martinrea's CAD 666.9 million market value and the second-quarter CAD 43.13 million net income figure.

Martinrea price in euros

At Lang & Schwarz, Martinrea stood at EUR 6.00 on October 20, 2026 at 9:45 p.m. CEST. On the TSX, the stock was last quoted at CAD 9.53 on October 20, 2026 at 3:50 p.m. ET, with the Canadian listing providing the home-market reference. The further course of trading is shown by the continuously updated real-time quote of Martinrea International stock.