Magna International Inc. (NYSE:MGA – Get Free Report) (TSE:MG) has earned a consensus rating of “Hold” from the eighteen ratings firms that are currently covering the firm, MarketBeat.com reports. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $53.82.
Several equities analysts recently weighed in on MGA shares. The Goldman Sachs Group cut their price objective on Magna International from $56.00 to $48.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Evercore ISI reduced their price objective on Magna International from $60.00 to $50.00 and set an “in-line” rating for the company in a research report on Monday, July 15th. Morgan Stanley cut their target price on shares of Magna International from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. Raymond James decreased their price target on shares of Magna International from $60.00 to $57.00 and set a “market perform” rating on the stock in a research report on Monday, May 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Magna International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd.
View Our Latest Research Report on Magna International
Institutional Trading of Magna International
Magna International Trading Down 0.1 %
Shares of MGA stock opened at $43.72 on Wednesday. Magna International has a 12 month low of $40.83 and a 12 month high of $65.27. The company has a market cap of $12.56 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 0.59 and a beta of 1.59. The company has a quick ratio of 0.76, a current ratio of 1.09 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $43.57 and its two-hundred day moving average is $49.39.
Magna International (NYSE:MGA – Get Free Report) (TSE:MG) last posted its earnings results on Friday, May 3rd. The company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.18). The firm had revenue of $10.97 billion during the quarter, compared to analyst estimates of $10.97 billion. Magna International had a net margin of 2.35% and a return on equity of 12.96%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 earnings per share. Equities analysts predict that Magna International will post 5.71 EPS for the current year.
Magna International Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a dividend of $0.475 per share. The ex-dividend date was Thursday, May 16th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.35%. Magna International’s payout ratio 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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