TD Securities lowers target for Martinrea stock to CAD 15.00

Published on 10/17/2026 at 20:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 revenue was CAD 1.20 billion. Martinrea stock was last at CAD 9.57 on October 16, 2026, down 0.21 percent on the TSX.

Analyst target and earnings date

On October 8, 2026, TD Securities lowered its Martinrea target from CAD 16.00 to CAD 15.00.
Martinrea reported CAD 1.20 billion in revenue for the second quarter of 2026.
Martinrea stock was last at CAD 9.57 on October 16, 2026 at 4:00 p.m. ET, down 0.21 percent on the TSX.
Yahoo Finance listed November 10, 2026 as the estimated earnings date.

MRE, CA5734591046, Illustration mit AI erstellt.

TD Securities maintained its Buy rating and lowered its Martinrea International target from CAD 16.00 to CAD 15.00 on October 8, 2026, according to The Globe and Mail. The new target stood 56.74 percent above the TSX price of CAD 9.57. Martinrea was last at CAD 9.57 on October 16, 2026 at 4:00 p.m. ET, down 0.21 percent on the TSX.

Second-quarter revenue reached CAD 1.20 billion

Martinrea reported CAD 1.20 billion in revenue and CAD 43.13 million in net income for the second quarter of 2026. Investing.com lists CAD 1.20 billion of revenue and adjusted earnings per share of CAD 0.61 for the latest reported quarter. The company describes its operations as automotive supply businesses covering metal components, fluid management systems and aluminum products, according to Martinrea International.

Stock stays inside its yearly range

The October 16, 2026 TSX price of CAD 9.57 stood 18.34 percent below the 52-week high of CAD 11.72 and 9.75 percent above the low of CAD 8.72. Trading volume was 74,821 shares against an average volume of 79,996 shares on the same date. The small daily decline places the stock closer to the lower half of its yearly range than to its high.

Valuation and next reporting date

Martinrea had a market capitalization of CAD 669.7 million and a price-to-earnings ratio of 5.60 on October 16, 2026. Yahoo Finance listed November 10, 2026 as the estimated next earnings date. That calendar point gives the target reduction a near-term reporting checkpoint, while the second-quarter figures provide the latest operating reference.

Comparison with peers

Martinrea: minus 0.21 percent, P/E 5.60, market capitalization CAD 669.7 million
Linamar (TSX, CAD): minus 0.49 percent, P/E 7.97, market capitalization CAD 5.4 billion
Magna International (TSX, CAD): minus 0.96 percent, P/E 24.41, market capitalization CAD 24.9 billion

What the next report will test

Martinrea's lower target leaves the stock below the new CAD 15.00 level while the latest quarterly revenue reached CAD 1.20 billion. The next scheduled earnings date is November 10, 2026.