Shares of Magna International Inc. (NYSE:MGA – Get Free Report) (TSE:MG) have received an average rating of “Hold” from the eighteen research firms that are currently covering the company, Marketbeat reports. Twelve research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $51.06.
Several research analysts recently weighed in on MGA shares. Evercore ISI dropped their target price on shares of Magna International from $60.00 to $50.00 and set an “in-line” rating for the company in a report on Monday, July 15th. CIBC cut their target price on Magna International from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. StockNews.com downgraded Magna International from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. UBS Group dropped their price target on Magna International from $51.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Finally, Evercore reduced their price objective on shares of Magna International from $60.00 to $50.00 and set an “in-line” rating on the stock in a research report on Monday, July 15th.
Check Out Our Latest Research Report on MGA
Institutional Trading of Magna International
Magna International Price Performance
NYSE MGA opened at $40.67 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.09 and a quick ratio of 0.76. The business’s fifty day moving average price is $42.24 and its 200-day moving average price is $47.75. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 0.59 and a beta of 1.59. Magna International has a 1-year low of $38.01 and a 1-year high of $60.32.
Magna International (NYSE:MGA – Get Free Report) (TSE:MG) last issued its quarterly earnings results on Friday, August 2nd. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.11). The firm had revenue of $10.96 billion for the quarter, compared to analysts’ expectations of $11.01 billion. Magna International had a net margin of 2.35% and a return on equity of 12.96%. Magna International’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 EPS. On average, equities analysts predict that Magna International will post 5.68 earnings per share for the current year.
Magna International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend is Friday, August 16th. Magna International’s dividend payout ratio (DPR) is 53.98%.
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.
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