Magna International (TSE:MG) Upgraded to Strong-Buy by BNP Paribas

BNP Paribas upgraded shares of Magna International (TSE:MG) (NYSE:MGA) from a hold rating to a strong-buy rating in a research note published on Monday morning, Zacks.com reports.

Magna International Stock Performance

TSE MG opened at C$57.34 on Monday. The company has a market cap of C$16.47 billion, a P/E ratio of 11.95, a P/E/G ratio of 0.58 and a beta of 1.70. The company has a debt-to-equity ratio of 66.45, a current ratio of 1.09 and a quick ratio of 0.83. The stock has a 50-day moving average of C$62.16 and a two-hundred day moving average of C$69.87. Magna International has a 1-year low of C$55.93 and a 1-year high of C$87.00.

Magna International (TSE:MG) (NYSE:MGA) last released its earnings results on Friday, May 3rd. The company reported C$1.46 earnings per share for the quarter, missing the consensus estimate of C$1.67 by C($0.21). The firm had revenue of C$14.79 billion during the quarter, compared to analyst estimates of C$14.96 billion. Magna International had a net margin of 2.35% and a return on equity of 9.35%. As a group, analysts anticipate that Magna International will post 7.7401198 EPS for the current year.

Magna International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a $0.642 dividend. This is an increase from Magna International’s previous quarterly dividend of $0.64. This represents a $2.57 annualized dividend and a yield of 4.48%. The ex-dividend date was Thursday, May 16th. Magna International’s payout ratio is currently 53.75%.

Magna International Company Profile

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.